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ICICI Prudential Life IPO is a book built issue of Rs 6,056.79 crores. The issue is entirely an offer for sale of 18.13 crore shares.
ICICI Prudential Life IPO bidding started from September 19, 2016 and ended on September 21, 2016. The allotment for ICICI Prudential Life IPO was finalized on Monday, September 26, 2016. The shares got listed on BSE, NSE on September 29, 2016.
ICICI Prudential Life IPO price band is set at ₹300 to ₹334 per share. The minimum lot size for an application is 44 Shares. The minimum amount of investment required by retail investors is ₹14,696.
Bofa Securities India Limited, Deutsche Equities India Private Limited, Edelweiss Financial Services Ltd, Hsbc Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, Iifl Securities Ltd, Jm Financial Limited, SBI Capital Markets Limited and Ubs Securities India Private Limited are the book running lead managers of the ICICI Prudential Life IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to ICICI Prudential Life IPO RHP for detailed information.
IPO Date | September 19, 2016 to September 21, 2016 |
Listing Date | September 29, 2016 |
Face Value | ₹10 per share |
Price Band | ₹300 to ₹334 per share |
Lot Size | 44 Shares |
Total Issue Size | 181,341,058 shares (aggregating up to ₹6,056.79 Cr) |
Offer for Sale | 181,341,058 shares of ₹10 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 1,435,324,010 |
Share holding post issue | 1,435,324,010 |
ICICI Prudential Life IPO offers 132,378,973 shares. 32,641,391 (24.66%) to QIB, 24,481,043 (18.49%) to NII, 57,122,434 (43.15%) to RII. 1,298,237 RIIs will receive minimum 44 shares and (sNII) and (bNII) will receive minimum 616 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 32,641,391 (24.66%) | NA |
NII (HNI) Shares Offered | 24,481,043 (18.49%) | |
Retail Shares Offered | 57,122,434 (43.15%) | 1,298,237 | Other Shares Offered | 18,134,105 (13.70%) | NA |
Total Shares Offered | 132,378,973 (100%) |
ICICI Prudential Life IPO opens on September 19, 2016, and closes on September 21, 2016.
IPO Open Date | Monday, September 19, 2016 |
IPO Close Date | Wednesday, September 21, 2016 |
Basis of Allotment | Monday, September 26, 2016 |
Initiation of Refunds | Tuesday, September 27, 2016 |
Credit of Shares to Demat | Wednesday, September 28, 2016 |
Listing Date | Thursday, September 29, 2016 |
Cut-off time for UPI mandate confirmation | 5 PM on September 21, 2016 |
Investors can bid for a minimum of 44 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 | 44 | ₹14,696 |
Retail (Max) | 13 | 572 | ₹191,048 |
Lot Size Calculator |
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.
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 |
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.
[Dilip Davda] Minimum lot may be considered for long term investment for this first mover IPO of the life insurance sector. Read detail review...
The ICICI Prudential Life IPO is subscribed 10.48 times on September 21, 2016 5:30:00 PM. The public issue subscribed 1.42 times in the retail category, 11.83 times in the QIB category, and 28.55 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 11.83 |
NII | 28.55 |
Retail | 1.42 |
Others | 12.20 |
Total | 10.48 |
Listing Date | September 29, 2016 |
BSE Script Code | 540133 |
NSE Symbol | ICICIPRULI |
ISIN | INE726G01019 |
Final Issue Price | ₹334 per share |
Price Details |
---|
Final Issue 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 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
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 share. The minimum order quantity is 44 Shares.
The IPO opens on September 19, 2016, and closes on September 21, 2016.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The ICICI Prudential Life IPO opens on September 19, 2016 and closes on September 21, 2016.
ICICI Prudential Life IPO lot size is 44 Shares, and the minimum amount required is ₹14,696.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for ICICI Prudential Life IPO will be done on Monday, September 26, 2016, and the allotted shares will be credited to your demat account by Wednesday, September 28, 2016. Check the ICICI Prudential Life IPO allotment status.
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