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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

IPO Opening Date Sep 19, 2016
IPO Closing Date Sep 21, 2016
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹300 to ₹334 per equity share
Market Lot 44 Shares
Min Order Quantity 44 Shares
Listing At BSE, NSE
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)

ICICI Prudential Life IPO Tentative Timetable

The ICICI Prudential Life IPO open date is Sep 19, 2016, and the close date is Sep 21, 2016. The issue may list on Sep 29, 2016.

IPO Open Date Sep 19, 2016
IPO Close Date Sep 21, 2016
Basis of Allotment Date Sep 26, 2016
Initiation of Refunds Sep 27, 2016
Credit of Shares to Demat Account Sep 28, 2016
IPO Listing Date Sep 29, 2016

ICICI Prudential Life IPO Lot Size

The ICICI Prudential Life IPO market lot size is 44 shares. A retail-individual investor can apply for up to 13 lots (572 shares or ₹191,048).

Application Lots Shares Amount (Cut-off)
Minimum 1 44 ₹14,696
Maximum 13 572 ₹191,048

ICICI Prudential Life IPO Subscription Status (Bidding Detail)

The ICICI Prudential Life IPO is subscribed 10.48 times on 9/21/2016 5:30:00 PM. The public issue subscribed 1.42 in the retail category, 11.83 in the QIB category, and 28.55 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB11.83
NII28.55
Retail1.42
Others12.20
Total10.48

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 Date Thursday, September 29, 2016
BSE Script Code 540133
NSE Symbol ICICIPRULI
Listing In B Group of Securities
ISIN INE726G01019
IPO Price ₹334 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹334.00
₹329.00
₹295.50
₹333.90
₹297.65
NSE
₹334.00
₹330.00
₹295.15
₹333.90
₹297.55

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

KFintech Private Limited

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

ICICI Prudential Life IPO Reviews / Ratings

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ICICI Prudential Life IPO FAQs

ICICI Prudential Life IPO is a main-board IPO of 181,341,058 equity shares of the face value of ₹10 aggregating up to ₹6,056.79 Crores. The issue is priced at ₹300 to ₹334 per equity share. The minimum order quantity is 44 Shares.

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

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

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

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

You can apply in ICICI Prudential Life 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 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.

The ICICI Prudential Life IPO listing date is on Thursday, September 29, 2016.

ICICI Prudential Life IPO Message Board

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2909 Comments

1564. SHAH JEENENDRA |Nov 10, 2016 5:26:52 PM
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



1563. Vikki The BOSS |Nov 9, 2016 1:12:02 PM
Any update friends when it ICICI Prudential will grow...
1562. bangalore king |Nov 7, 2016 9:01:45 AM
Top Contributor Top Contributor (400+ 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
1561. Carn Mohan |Nov 5, 2016 6:52:55 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
ICICI is poor company at Rs 334/
1560. P.D.PATEL |Nov 4, 2016 11:57:10 AM
Kya kare ICICI Pru life ka??

Hold ya sell??
1559. indrajeet raje |Nov 4, 2016 10:18:01 AM
Anybody gets dividend for this share?
1558. Carn Mohan |Nov 3, 2016 8:58:53 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Retailers is may subsay jiyada loota.
1557. Rkkedia |Nov 3, 2016 1:08:54 PM
egaleye gi plz your view now on
icici pru life share.
1556. bangalore king |Nov 3, 2016 12:52:43 AM
Top Contributor Top Contributor (400+ 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.
1555. bangalore king |Nov 2, 2016 11:58:13 AM
Top Contributor Top Contributor (400+ Posts)
MS On ICICI Pru:

Initiate Coverage With Overweight; Target At Rs365/Sh; Stock Will See A Multi-year Improvement In Profit
1554. s.selvam |Oct 29, 2016 9:36:50 PM
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.
1553. Anil vanparia |Oct 28, 2016 3:29:50 PM
egaleye gi plz your view now on
icici pru life share
1552. s.selvam |Oct 28, 2016 1:15:35 PM
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
1551. s.selvam |Oct 27, 2016 4:37:33 PM
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/-
1550. DESTINY |Oct 27, 2016 10:59:46 AM
Please suggest ICICIPRULI Hold or Sell.if hold then how long?
1549. Ravi Shah |Oct 26, 2016 7:30:18 PM
When is Dividend? How much is dividend?
1549.1. gamble |Oct 26, 2016 9:12:48 PM
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
2/11
1.75 RS per share
1548. Carn Mohan |Oct 25, 2016 10:24:22 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Very good result blast any time.
1548.2. P.D.PATEL |Oct 26, 2016 10:50:02 AM
Sir it is going down.....

Now what ??
1548.3. P.D.PATEL |Oct 27, 2016 8:05:25 PM
Sir Plz tell
When the blast come in ICICI Pru life???
1547. Akhu |Oct 25, 2016 8:18:38 PM
Good results...may be 340 tomorrow
1547.9. DESTINY |Oct 27, 2016 9:15:20 PM
Patel ji blast to kiya hay lekin down side.god knows when its blast up side
1547.10. Akhu |Oct 27, 2016 11:38:34 PM
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..!!
1546. gamble |Oct 25, 2016 6:50:14 PM
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 ....!!
1545. Share View |Oct 25, 2016 4:17:40 PM
IPO Guru IPO Guru (1200+ Posts, 2900+ 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.