Unlimited Trading @ Rs 899 per month - Prostocks

ICICI Prudential Life Insurance Company Ltd IPO (ICICI Prudential Life IPO) Detail

Sep 19, 2016 - Sep 21, 2016

Incorporated in 2001 as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, ICICI Prudential Life Insurance Company Ltd is a Mumbai based largest private sector life insurer in India. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.

ICICI Prudential Life offer a range of life insurance, health insurance and pension products and services to its customers. ICICI Prudential offers the products and services through an extensive multi-channel sales network across India, including through the branches of bank partners, individual agents, corporate agents, employees, offices and its website.

Company has a market share of 11.3% on a retail weighted received premium basis in India. Among the 23 private sector life insurance companies in India, Company has a market share of 21.9% on a retail weighted received premium basis. Visit chittorgarh.com for more detail.

IPO Highlights (As of March 31, 2016):


1. ICICI Bank owns 68 percent of the company and selling 12.65% stake though this IPO.
2. At the upper end of the price band, IPO will raise over Rs 6000 Cr.
3. Britain's Prudential PLC, which owns nearly 26% of the company, is not selling any of its stake in the IPO.
4. Company has 121,016 individual agents and over 4,500 branches with Bank partners.
5. Gross premium income was Rs 191.64 billion
6. Company have 1.04 trillion of assets under management, making them one of the largest fund managers in India.

Competitive Strengths:


1. Consistent Leadership across Cycles
2. Delivering Superior Customer Value
3. Diversified Multi-channel Distribution Network
4. Leveraging Technology
5. Robust and Sustainable Business Model
6. Strong Brand
7. Experienced Senior Management Team

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 1,025,637.0 990,573.2 801,027.5 740,839.2 716,880.0
Total Revenue 18,122.4 16,775.5 16,607.1 21,910.5 18,244.6
Profit After Tax (PAT) 16,527.2 16,403.5 15,613.5 15,154.1 13,856.9

Objects of the Issue:

The objects of the Offer are (Information partner: chittorgarh.com, India's No 1 IPO Investment Portal)

1. To achieve the benefits of listing the Equity Shares of the Company on the Stock Exchanges and
2. To carry out the sale of up to 181,341,058 Equity Shares by the Selling Shareholder.

ICICI Prudential Life IPO Details

Issue OpenSep 19, 2016 - Sep 21, 2016
Issue TypeBook Built Issue IPO
Issue Size181,341,058 Eq Shares of ₹10
(aggregating up to ₹6,056.79 Cr)
Offer for Sale181,341,058 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Face Value₹10 Per Equity Share
Issue Price₹300 to ₹334 Per Equity Share
Market Lot44 Shares
Min Order Quantity44 Shares
Listing AtBSE, NSE

ICICI Prudential Life IPO Tentative Date / Timetable

Bid/Offer Opens OnSep 19, 2016
Bid/Offer Closes OnSep 21, 2016
Finalisation of Basis of AllotmentSep 26, 2016
Initiation of RefundsSep 27, 2016
Credit of Shares to Demat AcctSep 28, 2016
IPO Shares Listing DateSep 29, 2016

ICICI Prudential Life IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum144₹14,696
Maximum13572₹191,048

ICICI Prudential Life IPO Subscription Status (Bidding Detail)

ICICI Prudential Life IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Others

Total

Shares Offered

32,641,391

24,481,043

57,122,434

18,134,105

132,378,973

Sep 21, 2016 17:30

11.83x

28.55x

1.42x

12.20x

10.48x

ICICI Prudential Life IPO Prospectus

ICICI Prudential Life IPO Rating

1549
4.1
Rating:Rated 4.1 stars

Vote Here ...

ICICI Prudential Life IPO Listing Date

Listing DateThursday, September 29, 2016
BSE Script Code540133
NSE SymbolICICIPRULI
Listing InB
ISININE726G01019
Issue Price₹334 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹334.00
₹329.00
₹295.50
₹333.90
₹297.65
12,720,399
NSE
₹334.00
₹330.00
₹295.15
₹333.90
₹297.55
89,058,658

ICICI Prudential Life IPO Reviews / Ratings

Capital Market Review
SPA research - Subscribe
HEM Securities - Subscribe
ABM Equity - Subscribe
Ajcon global - Subscribe
Geojit BNP Paribas - Subscribe
Sushil Finance - Subscribe
Nirmal Bang - Subscribe
Prabhudas Lilladher - Subscribe
Dilip Davda - Subscribe

Company Contact Information

ICICI Prudential Life Insurance Company Ltd
ICICI PruLife Towers,
1089, Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025

Phone: +91 22 4039 1600
Email: investor@iciciprulife.com
Website: https://www.iciciprulife.com/

ICICI Prudential Life IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/

ICICI Prudential Life IPO FAQs

  1. 1. What is ICICI Prudential Life IPO?

    ICICI Prudential Life IPO is a main-board initial public offering of 181,341,058 equity shares of the face value of ₹10 aggregating up to ₹6,056.79 Crores.

    The issue price of the IPO is ₹300 to ₹334 Per Equity Share. The minimum order quantity is 44 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Sep 19, 2016 and closes on Sep 21, 2016.

    Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When ICICI Prudential Life IPO will open?

    The ICICI Prudential Life IPO opens on Sep 19, 2016 and closes on Sep 21, 2016.

  3. 3. How to apply for ICICI Prudential Life IPO?

    ICICI Prudential Life IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When ICICI Prudential Life IPO allotment?

    The finalization of Basis of Allotment for ICICI Prudential Life IPO will be done on Sep 26, 2016, and the allotted shares will be credited to your demat account by Sep 28, 2016. Check the ICICI Prudential Life IPO allotment status.

  5. 5. When is ICICI Prudential Life IPO listing date?

    The ICICI Prudential Life IPO listing date is on Thursday, September 29, 2016, at BSE, NSE.
  6. 6. What is the lot size of ICICI Prudential Life IPO?

    ICICI Prudential Life IPO lot size is 44 Shares and the minimum order quantity is 44 Shares.

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

ICICI Prudential Life IPO Review / Comments

SHAH JEENENDRA
1566. SHAH JEENENDRA  Nov 10, 2016 16:26 I Like It. | Report Abuse
Dear Septa ,gamble , Egaleye

Can you Advice me can i hold or Sell ICICI Prudential Life Insurance Company Ltd IPO ??

you suggestion is valuable for me



Vikki The BOSS
1565. Vikki The BOSS  Nov 9, 2016 12:12 I Like It. | Report Abuse
Any update friends when it ICICI Prudential will grow...
bangalore king
1564. bangalore king  Nov 7, 2016 08:01 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
BOFA ON ICICI PRU LIFE: ET NOW

initiate coverage with buy; target at `370

Co''s self-course correction after key sectoral regulatory changes has resulted in return of growth

Parent ICICI Bk''s sustained rise in own distribution has resulted in I-Pru''s growth model becoming more quality oriented

peg fair value at 3.1xFY18 embedded value (EV)

See sustainable RoEV of 17%, long term growth of nearly 10% and cost of equity of 12.3%

Drivers: favorable shift in market share; faster growth; rising persistence and margin profile
Carn Mohan
1563. Carn Mohan  Nov 5, 2016 17:52 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
ICICI is poor company at ₹ 334/
P.D.PATEL
1562. P.D.PATEL  Nov 4, 2016 10:57 I Like It. 1 | Report Abuse
Kya kare ICICI Pru life ka??

Hold ya sell??
indrajeet raje
1561. indrajeet raje  Nov 4, 2016 09:18 I Like It. | Report Abuse
Anybody gets dividend for this share?
Carn Mohan
1560. Carn Mohan  Nov 3, 2016 19:58 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Retailers is may subsay jiyada loota.
Rkkedia
1559. Rkkedia  Nov 3, 2016 12:08 I Like It. | Report Abuse
egaleye gi plz your view now on
icici pru life share.
bangalore king
1558. bangalore king  Nov 2, 2016 23:52 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
Multi-year improvement in
profitability; initiate at
Overweight ... MORGAN STANLEY INDIA COMPANY

A balanced distribution mix, rising protection mix, and
improving persistency/costs will lead to multi-year
improvement in profitability, even as higher focus on ULIP
could keep growth volatile. This should drive a strong 40%
VNB CAGR during F16-19, which justifies premium valuations.
Market leader with sharp improvement in key operational metrics: We have a
positive view on Indian life insurers with strong distribution and good operational
metrics. ICICI Prudential Life Insurance (IPru) is one such strong franchise, helped
by its well-balanced distribution mix (including a captive bank tie-up with ICICI
Bank) and a sharp improvement in cost and persistency ratios in recent years.
We estimate a strong 17% premium CAGR in F16-19...: IPru has a high focus on
selling unit-linked insurance products (ULIP, 80% of its premiums, 35% industry
share) in relatively high income segments. This would drive growth amid
improving equity and debt market conditions. ULIPs, over the medium term,
compete well with mutual funds because of expense loadings declining to levels
even below what regulations allow.
...and a strong 6ppt improvement in margins to 14% by F19...: Despite industryleading
persistency and cost ratios, IPru''s margins have been lower than peers''.
We expect the gap to narrow in F17-19 because of a rising share of protection mix,
improving persistency ratios, and higher economies of scale.
...justifying premium valuations: Our price target of Rs365 implies 2.9x December
2018 EV and 18% upside potential, driving our Overweight rating. While
valuations are significantly higher than regional peers'', we believe this is justified
by IPru''s superior operational metrics and distribution tie-ups (allowing it to gain
market share and improve profitability in still nascent Indian insurance market),
fast growing protection premiums, low balance sheet risk and high capital. Key
catalysts include strong growth in protection premiums and continued strong
equity market performance.
Key downside risks include: 1) weak equity markets; 2) more competition in the
protection business; 3) weaker persistency ratios; 4) a potential tie-up by ICICI
Bank with other insurers; and 5) an increase in corporate income tax rates.
bangalore king
1557. bangalore king  Nov 2, 2016 10:58 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
MS On ICICI Pru:

Initiate Coverage With Overweight; Target At Rs365/Sh; Stock Will See A Multi-year Improvement In Profit
s.selvam
1556. s.selvam  Oct 29, 2016 20:36 I Like It. | Report Abuse
THOUGH I HAVE SOLD ALL MY SHARES ON FEAR SOME PEOPLE HAVE INFORMED IN MONEYCONTROL FOR THE PAST 3 DAYS THE THE DELIVERY VOLUME IS ENCOURAGING .I DO NOT KNOW THE FUTURE PROSPECT.MOREOVER I AM SHORT TERM INVESTOR.ONLY.HENCE I HAVE SOLD ALL MY SHARES. EXPERTS IN THIS FORUM ONLY CAN TELL THE RIGHT PATH.
Anil vanparia
1555. Anil vanparia  Oct 28, 2016 14:29 I Like It. | Report Abuse
egaleye gi plz your view now on
icici pru life share
s.selvam
1554. s.selvam  Oct 28, 2016 12:15 I Like It. | Report Abuse
OH I HAVE TODAY SOLD ALL 176 SHARES AT RS.311.5 INCURRED A LOSS OF RS.4000/-.ONE OF THEM COMMENTED AS A SLOW POSIION IN MONEY CONTROLCOM.TO AVOID FURTHER EROSION OF CPITAL I HAVE SOLD ALL MY SHARES.WHATEVER I GET PROFIT IN ENDURANCE TECHNOLOGY I HAVE LOST IN THIS COUNTER.THANK U ICICI PEROPLE WHO COMPELLED ME TO APPLY THIS IPO
s.selvam
1553. s.selvam  Oct 27, 2016 15:37 I Like It. | Report Abuse
I do not know the future but one of the worst stock in the recent ipos listing . which has not even achieved the offer price but that too even nearly one month.i do not know whether I have to sell at Rs.300/-
DESTINY
1552. DESTINY  Oct 27, 2016 09:59 I Like It. | Report Abuse
Please suggest ICICIPRULI Hold or Sell.if hold then how long?
Ravi Shah
1551. Ravi Shah  Oct 26, 2016 18:30 I Like It. | Report Abuse
When is Dividend? How much is dividend?
gamble
1551.1. gamble  Oct 26, 2016 20:12 I Like It. | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
2/11
1.75 RS per share
Carn Mohan
1550. Carn Mohan  Oct 25, 2016 21:24 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Very good result blast any time.
P.D.PATEL
1550.2. P.D.PATEL  Oct 26, 2016 09:50 I Like It. | Report Abuse
Sir it is going down.....

Now what ??
P.D.PATEL
1550.3. P.D.PATEL  Oct 27, 2016 19:05 I Like It. | Report Abuse
Sir Plz tell
When the blast come in ICICI Pru life???
Akhu
1549. Akhu  Oct 25, 2016 19:18 I Like It. | Report Abuse
Good results...may be 340 tomorrow
DESTINY
1549.9. DESTINY  Oct 27, 2016 20:15 I Like It. | Report Abuse
Patel ji blast to kiya hay lekin down side.god knows when its blast up side
Akhu
1549.10. Akhu  Oct 27, 2016 22:38 I Like It. | Report Abuse
Brothers now I can say there is no performance only betting in share market where innocent small investors like us trapped by big corporate houses ..by having good results it went down...me too had 12 lots in my stock...in which 2 sold at 331 ...now having 10 lots..!!
gamble
1548. gamble  Oct 25, 2016 17:50 I Like It. 4 | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Refer for IPL

355. gamble Oct 25, 2016 5:48:45 PM IST | | Reply
Icici prudentiA

Dividend 77 rs per lot of 44 share

Total income ...........
9144 vs 8884(qoq) vs 4633(yoy)

PAT........
418.7 vs 404.9(qoq vs 414.9(yoy)

Eps........
2.92 vs 2.82(qoq vs 2.89(yoy)


Tgt 380 on or before Uttrayan ....!!
Share View
1547. Share View  Oct 25, 2016 15:17 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
Anybody remembered Repco Home Finance IPO ?

Despite of good fundamentals and subscribed fully, Listed at 5 % Discount .
Technically also sounds good as Housing Finance Sector at that time too was very bullish.Now trading at par with PNB HF.



Message Board

Stock Message Board



Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App