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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
| 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 | |
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.
| IPO Date | Sep 15, 2017 to Sep 19, 2017 |
| Listing Date | Wednesday, September 27, 2017 |
| Face Value | ₹10 per share |
| Price | ₹651 to ₹661 per share |
| Lot Size | 22 Shares |
| Issue Size | 86,247,187 shares of ₹10 (aggregating up to ₹5,700.94 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | The Promoter of the Company is ICICI Bank |
ICICI Lombard IPO opens on Sep 15, 2017, and closes on Sep 19, 2017. The ICICI Lombard IPO bid date is from Sep 15, 2017 10.00 A.M. to Sep 19, 2017 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Sep 15, 2017 |
| Closing Date | Sep 19, 2017 |
| Basis of Allotment | Sep 22, 2017 |
| Initiation of Refunds | Sep 25, 2017 |
| Credit of Shares to Demat | Sep 26, 2017 |
| Listing Date | Sep 27, 2017 |
The ICICI Lombard IPO lot size is 22 shares. A retail-individual investor can apply for up to 13 lots (286 shares or ₹189,046).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹14,542 |
| Retail (Max) | 13 | 286 | ₹189,046 |
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...
The ICICI Lombard IPO is subscribed 2.98 times on Sep 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)
| Category | Subscription (times) |
|---|---|
| QIB | 8.17 |
| NII | 0.83 |
| Retail | 1.23 |
| Others | 0.99 |
| Total | 2.98 |
| Listing Date | Wednesday, September 27, 2017 |
| BSE Script Code | 540716 |
| NSE Symbol | ICICIGI |
| Listing In | B Group of Securities |
| ISIN | INE765G01017 |
| IPO Price | ₹661 per share |
| Face Value | ₹10 per share |
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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
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 2 | 0 | 0 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
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 Sep 15, 2017, and closes on Sep 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 Sep 15, 2017 and closes on Sep 19, 2017.
ICICI Lombard IPO lot size is 22 Shares and the minimum order quantity is .
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 Sep 22, 2017, and the allotted shares will be credited to your demat account by Sep 26, 2017. Check the ICICI Lombard IPO allotment status.
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