82. Carn Mohan| Link| Bookmark|
September 8, 2016 9:33:46 AM
IPO Mentor (1100+ Posts, 400+ Likes)
in stock market no surity . 10,20% + - possible .
81. gamble| Link| Bookmark|
September 8, 2016 8:59:24 AM
(1600+ Posts, 3900+ Likes)
Nearly 12,69,000 forms req. to subscribe 1x in retail...this is big..!! If we calculate worst possibility of GMP then it should b alteast 20-22 i.e 7%-8% gain,but this is sureshot...no poasiblity below 20 .FD will give u 8% a year.only.!!
Most insurance deals have happened in 2015 and they are between two times to three times the embedded value. ICICI Prudential Embedded value is 13939 Cr. However recent Hdfc and Max deal was on higher side HDFC Life at 4.6 times its FY16 embedded value and Max Life at 3.7 times.
Even if take 3.7 EV on Embedded value Put a MC of 51500 CR However the offer price at Rs 275 the present IPO gives it a MC of 39400 Cr.
So ICICI bank has been very generous leaving 30% on the table apply this issue will will rewarding At 4.6 times EV then 65% upside this just on 2016 earning future is bright in the sector apply
One of the Best IPO if you look at HDFC and MAX merger.
Thanks Septa ji..... One has to consider that ICICI PRU LIFE is market leader in this segment and by far the biggest player in Private Insurance company..... If this is to be considered then it should be valued higher than HDFC LIFE valuations too. Am I right Septaji ??
80.5. Septa| Link| Bookmark|
September 8, 2016 10:45:44 AM
(4000+ Posts, 4600+ Likes)
@ sunder Hdfc and Max merger has made HDFC the biggest private life insurance however the difference is not much on Embedded value from memory it was around 16000 Cr this . however Max Life, the implied valuation of Max Life works out to about Rs 20,900 crore. Based on the agreed valuation and exchange ratio, the relative valuation of HDFC Life and Max Life would be 69 per cent and 31 per cent respectively. The valuation of the merged entity thus comes to about Rs 67,600 crore for embedded value of 16000
so if we get the same valuation with ICICI bank embedded value is approx 14000 will give MC of close to 60000 however at offer price of Rs275 MC is below 40000
However if u compare this with international insurance company Ev is general is between 2 to 3 and this offer is at 2.82 EV on embedded
The Embedded Value (EV) of a life insurance company is the present value of future profits plus adjusted net asset value. It is a construct from the field of actuarial science which allows insurance companies to be valued.
arjun at those premium i will buy will find the price in chennai IMO given the hdfc and max merger Ev was done at 4.6 and 3.7 respective ICICI embedded value Ev is only 2.82 so lot of upside. IMO once the market understand this GMP will fly
IMO intelligence is like an underwear. It is important to have it, but not necessary that you show it off......member kindly stop chest beating once in awhile i can understand but always is plain vanilla show off
I have 140 shares of ICICI bank from last 1 year but I don''t know anything that how will I get benefit in ICICI prudential IPO is there anything than please guide me. In any other form I can apply for IPO OF icici prudential IPO.
ICICI Prudential Limited IPO Update:  Opens On: 20-Sept-2016  Closes On: 22-Sept-2016  Price Band: 272-275  Bid Lot: 50 Equity Shares  Issue Size: 4998 Cr. At Upper Band  Allocation: QIB 50%, HNI 15% & Retail 35% (10% Reservations for ICICI shareholders)  Lead Banker: ICICI Securities
I have 100 shares of ICICIBANK from last 1year will I get this 10% reservation. How to apply for this reservation scheme. Is there anything different while filling form than normal form filling. Please let me guide
ICICI Prudential Life Insurance Company has received markets regulator Sebi''s approval to raise an estimated Rs 5,000 crore through an initial public offering, the first by an insurer in India and the biggest in nearly six years.
The company, which filed the draft red herring prospectus with the Securities and Exchange Board of India (Sebi) on July 18, got the regulator approval on September 2, as per the latest update. The insurer is a venture between banking major ICICI Bank and UK''s Prudential Corporation Holdings.
Singapore''s Temasek and PremjiInvest also are shareholders. ICICI Bank has around 68 per cent stake in the insurer, while that of Prudential is 26 per cent. The public offer comprises up to 18,13,41,058 equity shares of ICICI Prudential Life Insurance Company, representing about 12.65 per cent of its equity share capital for cash, through an offer for sale by ICICI Bank, as per the draft papers.
The offer includes a proposed reservation of up to 1,81,34,105 equity shares (10 per cent of the offer) for shareholders of ICICI Bank. Prudential will not dilute its stake in the IPO of ICICI Prudential Life Insurance Company while ICICI Bank will be selling its 12.65 per cent stake in the insurer. The size of the IPO is estimated to be worth around Rs 5,000 crore, sources said.
This would be the biggest initial public offering after Coal India. The state-run firm had hit the capital markets in 2010 to raise over Rs 15,000 crore. Last November, ICICI Bank sold nearly 6 per cent stake in ICICI Prudential to Temasek and PremjiInvest.
The shares were offloaded for around Rs 1,950 crore valuing the insurer at Rs 32,500 crore. PremjiInvest holds 4 per cent in the insurance company while Temasek owns 2 per cent in the firm. At the end of March this year, the assets under management of ICICI Prudential --which started operations in fiscal year 2001 -- stood at Rs 1,039.39 billion, as per its website.
Bank of America Merrill Lynch and ICICI Securities are global book running lead merchant bankers (BRLM) to the issue. Others are CLSA, Deutsche, Edelweiss, HSBC, IIFL, JM Financial and SBI Capital Markets. A maximum 50 per cent of the issue size will be reserved for qualified institutional buyers (QIBs), out of which up to 60 per cent for anchor investors and 5 per cent for mutual fund players. Besides, 35 per cent of total offer size will be set aside for retail investors, with the remaining 15 per cent for non-institutional investors.
ajay ji thanks for your info... can u provide valid source it will very help full. thnks
65. Chem cho| Link| Bookmark|
September 7, 2016 1:58:40 PM
IPO Guru (2500+ Posts, 2700+ Likes)
IPO WATCHER ; PL COMENT asked to sell at the time of listing day , and said price will touch rs 650 why the share price of LTI and L&T increasing , i had asked to buy at 638 , 640 , today it is 660 up rs 9 to 10 , larsen @ rs 1538 up rs 22 today
This is ICICI PRu forum, pls do not post other msgs here. You can ask the same ques in L&T Technology IPO forum. Ti ans your ques, did you ever said to not apply for IPO & loose your money? Whats the total loss even after 3 months of listing?
Do retail investors apply in IPO for listing losses?