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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
The Promoter of the Company is ICICI Bank
| 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 Opening Date | Sep 15, 2017 |
| IPO Closing Date | Sep 19, 2017 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹651 to ₹661 per equity share |
| Market Lot | 22 Shares |
| Min Order Quantity | 22 Shares |
| Listing At | BSE, NSE |
| Issue Size | 86,247,187 Eq Shares of ₹10 (aggregating up to ₹5,700.94 Cr) |
The ICICI Lombard IPO open date is Sep 15, 2017, and the close date is Sep 19, 2017. The issue may list on Sep 27, 2017.
| IPO Open Date | Sep 15, 2017 |
| IPO Close Date | Sep 19, 2017 |
| Basis of Allotment Date | Sep 22, 2017 |
| Initiation of Refunds | Sep 25, 2017 |
| Credit of Shares to Demat Account | Sep 26, 2017 |
| IPO Listing Date | Sep 27, 2017 |
The ICICI Lombard IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 22 | ₹14,542 |
| Maximum | 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 equity share |
| Face Value | ₹10 per equity 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
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
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 equity share. The minimum order quantity is 22 Shares.
The IPO opens on Sep 15, 2017, and closes on Sep 19, 2017.
KFintech Private 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 22 Shares.
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, Edelweiss, 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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