The ICICI Lombard IPO date has been confirmed to have started on September 15, 2017 and ended on September 19, 2017.
Using an IPO, ICICI Lombard is seeking to raise Rs 5,700.94 crore. Its price band is set at ₹651 to ₹661 per share. The minimum lot size for an application is 22 shares. The minimum amount of investment required by retail investors is ₹14,542.
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Bidding Dates
September 15-19
Price Range
₹651 to ₹661 per share
Face Value
₹10 per share
GMP
₹1,445.70
ICICI Lombard IPO GMP
The ICICI Lombard Limited IPO GMP is ₹1,445.70.
IPO Overview
The ICICI Lombard IPO is a book-built offering for Rs 5,700.94 crore. Bidding for the ICICI Lombard IPO began on September 15, 2017 and finished on September 19, 2017. On Friday, September 22, 2017, the allotment for the ICICI Lombard IPO was completed. On September 27, 2017, the shares were listed on the BSE and NSE. The pricing range for the ICICI Lombard IPO is $651 to $661 per share. An application requires a minimum lot size of 22 shares. Retail investors must make a minimum investment of $14,542.
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
- Consistent market leadership and demonstrated growth
- Diverse product line with multi – channel distribution network
- Robust risk selection and management framework
- Focus on investments in technology and innovation
ICICI Lombard IPO Details
| IPO Date | September 15, 2017 to September 19, 2017 |
| Listing Date | September 27, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹651 to ₹661 per share |
| Lot Size | 22 Shares |
| Total Issue Size | 86,247,187 shares (aggregating up to ₹5,700.94 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
ICICI Lombard Company Financials
| Particulars | For the year or 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 | |
ICICI Lombard IPO Timeline
| IPO Open Date | Friday, September 15, 2017 |
| IPO Close Date | Tuesday, September 19, 2017 |
| Basis of Allotment | Friday, September 22, 2017 |
| Initiation of Refunds | Monday, September 25, 2017 |
| Credit of Shares to Demat | Tuesday, September 26, 2017 |
| Listing Date | Wednesday, September 27, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 19, 2017 |
Company Profile
ICICI Lombard General Insurance Company Ltd, created in 2000 as a joint venture with ICICI Bank Limited, is a provider of various general insurance products and services in India. They primarily provide goods and services in the areas of fire, engineering, hull, aircraft, motor, casualty, health, travel, energy, personal accident, marine, liability, home, rural, and credit insurance.
They also offer reinsurance, insurance claims management, and asset management. In fiscal 2017, they were India’s largest private sector non-life insurer by gross direct premium income.
Through different distribution channels, they provide a broad and diverse variety of goods such as motor, health, crop/weather, fire, personal injury, marine, engineering, and liability insurance.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | einward.ris@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | ICICI Lombard General Insurance Company Ltd |
| Phone number | +(91 22) 6196 1100 |
| Email ID | investors@icicilombard.com |
| Website | icicilombard.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
