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ICICI Lombard General Insurance Company Ltd IPO (ICICI Lombard IPO) Detail

September 15, 2017 - September 19, 2017

ICICI Lombard IPO is a book built issue of Rs 5,700.94 crores.

ICICI Lombard IPO bidding started from September 15, 2017 and ended on September 19, 2017. The allotment for ICICI Lombard IPO was finalized on Friday, September 22, 2017. The shares got listed on BSE, NSE on September 27, 2017.

ICICI Lombard IPO price band is set at ₹651 to ₹661 per share. The minimum lot size for an application is 22 Shares. The minimum amount of investment required by retail investors is ₹14,542.

Clsa India Private Limited, Edelweiss Financial Services Ltd and Jm Financial Limited are the book running lead managers of the ICICI Lombard IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to ICICI Lombard IPO RHP for detailed information.

ICICI Lombard IPO Details

IPO Date September 15, 2017 to September 19, 2017
Listing Date September 27, 2017
Face Value ₹10 per share
Price Band ₹651 to ₹661 per share
Lot Size 22 Shares
Total Issue Size86,247,187 shares
(aggregating up to ₹5,700.94 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

ICICI Lombard IPO Reservation

ICICI Lombard IPO offers 61,666,740 shares. 16,386,966 (26.57%) to QIB, 12,290,225 (19.93%) to NII, 28,677,190 (46.50%) to RII. 1,303,508 RIIs will receive minimum 22 shares and (sNII) and (bNII) will receive minimum 308 shares. (in case of oversubscription)

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Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered16,386,966 (26.57%)NA
NII (HNI) Shares Offered12,290,225 (19.93%)
Retail Shares Offered28,677,190 (46.50%)1,303,508
Other Shares Offered4,312,359 (6.99%)NA
Total Shares Offered61,666,740 (100%)

ICICI Lombard IPO Timeline (Tentative Schedule)

ICICI Lombard IPO opens on September 15, 2017, and closes on September 19, 2017.

IPO Open Date Friday, September 15, 2017
IPO Close Date Tuesday, September 19, 2017
Basis of Allotment Friday, September 22, 2017
Initiation of Refunds Monday, September 25, 2017
Credit of Shares to Demat Tuesday, September 26, 2017
Listing Date Wednesday, September 27, 2017
Cut-off time for UPI mandate confirmation 5 PM on September 19, 2017

ICICI Lombard IPO Lot Size

Investors can bid for a minimum of 22 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 22 ₹14,542
Retail (Max) 13 286 ₹189,046
Lot Size Calculator

About ICICI Lombard General Insurance Company Ltd

Incorporated in 2000, ICICI Lombard General Insurance Company Ltd founded as a joint venture with ICICI Bank Limited, is engaged in providing various general insurance products and services in India. They mainly offers fire, engineering, hull, aviation, motor, casualty, health, travel, energy, personal accident, marine, liability, home, rural, and credit insurance products and services.

They also provides reinsurance, insurance claims management, and investment management services. They were the largest private sector non life insurer in India based on gross direct premium income in fiscal 2017. They offer comprehensive and well diversified range of products including motor,health, crop/weather, fire, personal accident, marine, engineering
and liability insurance through multiple distribution channels.

They provide services to conglomerates, small and medium enterprises, state and central governments or government-owned enterprises, rural customers, and individual customers through various channels, such as agents, brokers, bancassurance, telesales, direct alliances and online platforms.

Competitive Strengths

1. Consistent market leadership and demonstrated growth
2. Diverse product line with multi - channel distribution network
3. Robust risk selection and management framework
4. Focus on investments in technology and innovation

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 48,885.8 35,445.0 32,414.2 25,070.8 20,290.5
Total Revenue 9,836.5 7,242.2 7,424.4 5,563.1 4,162.1
Profit After Tax 6,418.2 5,053.4 5,853.2 5,200.7 3,527.8

Objects of the Issue (ICICI Lombard IPO Objectives)

The objects of the Offer are:

1. To achieve the benefits of listing the Equity Shares of the Company on the Stock Exchanges;
2. To carry out the sale of up to 86,247,187 Equity Shares by the Selling Shareholders; and
3. Enhance the �ICICI Lombard� brand name and provide liquidity to the existing shareholders.

ICICI Lombard IPO Review (Apply)

[Dilip Davda]  ILGI is set to gain first mover fancy in the sector post listing as many more companies in this segment are lining up for maiden offers going forward. Issue appears to be fully priced. Future for this segment is bright. Considering all these aspects, investment for long term may be considered. Read detail review...


ICICI Lombard IPO Subscription Status (Bidding Detail)

The ICICI Lombard IPO is subscribed 2.98 times on September 19, 2017 5:00:00 PM. The public issue subscribed 1.23 times in the retail category, 8.17 times in the QIB category, and 0.83 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB8.17
NII0.83
Retail1.23
Others0.99
Total2.98

ICICI Lombard IPO Prospectus

ICICI Lombard IPO Rating

1239
4.1
Rating:Rated 4.1 stars
Vote Here ...

ICICI Lombard IPO Listing Details

Listing Date September 27, 2017
BSE Script Code 540716
NSE Symbol ICICIGI
ISIN INE765G01017
Final Issue Price ₹661 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹661.00
₹650.00
₹638.15
₹694.00
₹681.55
NSE
₹661.00
₹651.10
₹638.65
₹694.00
₹681.20

Check IPO Performance…

ICICI Lombard General Insurance Company Ltd Contact Details

ICICI Lombard General Insurance Company Ltd
ICICI Lombard House,
14, Veer Savarkar Marg, Near Siddhivinayak Temp.
Prabhadevi, Mumbai 400 025
Phone: +(91 22) 6196 1100
Email: investors@icicilombard.com
Website: https://www.icicilombard.com

ICICI Lombard IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

ICICI Lombard IPO - Buy or Not

ICICI Lombard IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 2 0 0
Members 0 0 0

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ICICI Lombard IPO FAQs

ICICI Lombard IPO is a main-board IPO of 86,247,187 equity shares of the face value of ₹10 aggregating up to ₹5,700.94 Crores. The issue is priced at ₹651 to ₹661 per share. The minimum order quantity is 22 Shares.

The IPO opens on September 15, 2017, and closes on September 19, 2017.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The ICICI Lombard IPO opens on September 15, 2017 and closes on September 19, 2017.

ICICI Lombard IPO lot size is 22 Shares, and the minimum amount required is ₹14,542.

You can apply in ICICI Lombard IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for ICICI Lombard IPO will be done on Friday, September 22, 2017, and the allotted shares will be credited to your demat account by Tuesday, September 26, 2017. Check the ICICI Lombard IPO allotment status.

The ICICI Lombard IPO listing date is on September 27, 2017.
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ICICI Lombard IPO Message Board

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1589 Comments

856. IPO LEADER |   Link |  Bookmark |October 24, 2017 11:03:40 PM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
800 will be by new year
855. gamble |   Link |  Bookmark |October 17, 2017 5:33:50 PM (1600+ Posts, 3900+ Likes)

Many[RII] have sold icici lombard on listing day other hv sold due to sequential ipo is about to come,
but kash hold kiye hote!!

Decisively up 10% in 20 days, or 0.5% each day.

Result update(YOY) :

EPS 4.5 vs 3.80
PAT 204cr vs 171cr(up 19%)

Going at perfect speed,''''within 1 month'''' task(task no 2) has completed today,only tgt remains is now 810 i.e (13 % upside pending ) and it has 340 days(i.e each day 27 paisa!!) , let see if can complete or not

Refer this ????


20. gamble Sep 14, 2017 8:29:23 AM IST Reply
ICICI Lombard General Insurance Company Ltd IPO

... .... Lombard general insurance........

@661
2018 estimated EpS = 18-19 => PE : 37

06,2017 Bv 86. 54 => P/B : 7.6

BOTTOM LINE CAGR : 16%
TOP LINE CAGR : 24%

RONW = 18%

.....RII FORMS reqd near 14L..so yes full allotment under RII category.

...... No actual comparable peer but compare with prudential

..... ........ ...........prudential..... Lombard

, PAT CaGr : 4% 16%
, P/Bv : 10x 7.6X
, PE(2018) 36 37

, PE(2020) 33 27

........ So imo lombard general insurance ipo is fairly(if not attractive) priced given MKt conditions. Pru is lagging in terms of financials.

.......... Pru. Vs lombard is just like iphn 8 vs 10.....but All want 10 despite of valuation.

...... So @40 PE = 720* rs(within 1 mnth tgt if not listing)

@45PE = 810*rs(till 1 yr after listing)

* in my opinion only


.. .. ConcL.. .... ..

Short-mid-long term investment may consider.
Listing gain should be more than ½ FD imo.

7 day 3.5% return kaun deta hai bhai?? Or
365 days 23% return kaun deta hai bhai?
854. Solution of Queries |   Link |  Bookmark |October 17, 2017 4:45:49 PM (1100+ Posts, 1400+ Likes)
10% returns by ICICI GI in 20 days ....not a bad...evn soooo good if we consider full allotment received by bidders almost !!

853. govind sharma |   Link |  Bookmark |October 9, 2017 3:26:37 PM
I have 10 shares of ICICI Bank since Aug 2017 and applied for ICICI Lombart IPO in shareholders category and got allotment too, But I do not know how will I get the benefits of shareholders category as full amount was deducted from my bank account after allotment without any discount.
Please help me to understand how will I get that benefit and when?
853.1. R.R. |   Link |  Bookmark |October 16, 2017 7:18:25 PM
There was no discount given to ICICI Bank share holders. Only quota in allocation provided for them.
852. gnk |   Link |  Bookmark |October 12, 2017 2:11:18 PM
Hi experts, Where we can sell? Asking because this is near to 700 now..
852.1. Saamraje |   Link |  Bookmark |October 16, 2017 11:41:20 AM
Hi,
I got 39/44 shares against icici lombard ipo but remaining amount of 3305/- is credited to my account.
They told me to mail me the details but still not any reply..
Help me wayout the issue..
851. MyMohsin |   Link |  Bookmark |October 6, 2017 3:49:32 AM
All friends and Experts I really need your help as I am newbie to purchase ipo. I had applied for ICICI LOMBARD IPO through ABSA with my sbi bank account and I have received message for money hold for application to the ipo but when I asked to my broker (bonanza) about allotment he replied me that I hasn''t got and also instruct me to check on registrar "karvy" portal but when I am checking to in by my PAN and application it shows me Data not found and still I haven''t got my money back released in account am worried about my money stuck why it doesn''t realeased back to my account I need your help please tell me
850. gnk |   Link |  Bookmark |October 5, 2017 11:46:14 AM
Holding was a mistake? This got f**ked up today :|
850.1. Anarchist |   Link |  Bookmark |October 5, 2017 10:17:55 PM (500+ Posts, 1400+ Likes)
Its wither you and I as in the retail investors or karvy that will prevail. why do u think karvy allotted us so generously? why were they not so kind while allotting other issues? karvy cowards are scammers doing a con job. complaint against them its high time.
849. Solution of Queries |   Link |  Bookmark |October 4, 2017 4:37:00 PM (1100+ Posts, 1400+ Likes)
Yes this stock also will range bound for some time , need to some good trigger for upmove in this counter.
848. Fakhru |   Link |  Bookmark |October 4, 2017 3:13:11 PM
Sold three lots at 682 today, after SBI falling don''t think this will hold for long.
847. HKAPADIA |   Link |  Bookmark |October 3, 2017 10:58:12 AM
TODAY CHESS RS. 690/-??? ANYONE CAN IDEA ? PLEASE EXPERT GIVINIG ADVICE..
847.1. gnk |   Link |  Bookmark |October 3, 2017 11:12:02 AM
but its falling already! :(
846. phrao |   Link |  Bookmark |October 1, 2017 2:21:17 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
It will trade 650_700 in Coming quarter.
So why block your investment?
Exit RII''S at this price
845. Subhash Challa |   Link |  Bookmark |September 29, 2017 5:33:41 PM
As of tomorrow can be the last day to see some major movements. If not tomorrow prepare for long term holding. Sold my at 685 to apply next ipo
845.1. gnk |   Link |  Bookmark |September 29, 2017 10:31:21 PM
Monday?
845.2. Subhash Challa |   Link |  Bookmark |September 29, 2017 11:03:05 PM
Sorry yes Monday
844. Md Danish |   Link |  Bookmark |September 29, 2017 4:27:42 PM
Icici Lombard se kya ak acha returns ki umid kiya jasakta h kya 3 or 6 month me
843. HKAPADIA |   Link |  Bookmark |September 29, 2017 11:18:32 AM
TODAY ICICI GOING TO 690/-. ANY ONE CAN IDEA ? WHAT I DO I HAVE 2 LOT.SALE OR HOLD ?
842. R R Patel |   Link |  Bookmark |September 28, 2017 9:27:56 PM
IPO Mentor IPO Mentor (800+ Posts, 3400+ Likes)
Showing strength again. Must hold for long term. I am holding 2 lot for long term.
841. gnk |   Link |  Bookmark |September 28, 2017 4:26:42 PM
690 again. should we book partial profit?!
841.1. Arjun Bhalodia |   Link |  Bookmark |September 28, 2017 5:11:07 PM
Wait tomorrow end

after 700 sell not hold
840. InvestorRD |   Link |  Bookmark |September 28, 2017 2:45:33 PM
what to do... to hold or sell...
839. gamble |   Link |  Bookmark |September 28, 2017 10:20:18 AM (1600+ Posts, 3900+ Likes)
Strangely available below 670!!
But for how long?
839.5. gamble |   Link |  Bookmark |October 16, 2017 9:36:42 PM (1600+ Posts, 3900+ Likes)
@Djds tomorrow is the result, let''s hope for best. Tgt is much higher than 700.
839.6. Djds |   Link |  Bookmark |October 17, 2017 2:08:13 PM
Gamble bhai ur target on icici lombard
838. Hiren K. |   Link |  Bookmark |September 28, 2017 10:25:15 AM
Dear investor, Nothing for short term on this stock. and for long term much more available than this stock in stock market. Price just hold by ICICI life & ICICI MF Fund. But not sustained more than 3-4 days. Then turn down.....
837. an Investor |   Link |  Bookmark |September 27, 2017 1:18:43 PM (200+ Posts)
Guys, little news from one of my friend who is from ICICI, He said that keep for 2 years, Will double.
I had 2 lots, 1 already sold but 1 I will keep for long term.
Just wanted to share this info
837.3. Shrewd Trader |   Link |  Bookmark |September 27, 2017 4:46:22 PM
with war like situation again and again looming in, all general and life insurance company shall experience a downward drag !
837.4. NPT |   Link |  Bookmark |September 28, 2017 2:57:09 AM (200+ Posts, 300+ Likes)
Chanda Kochar ko share market mein kal Kya hoga bhi malum nehin hey, do saal to bahut lambi samaya hey.
But my sense says that it will give decent returns in the long run.