Bookbuilding IPO | ₹5,701 Cr | Listed at BSE, NSE | Fri, Sep 15, 2017 - Tue, Sep 19, 2017
ICICI Lombard IPO is a book build issue of ₹5,700.94 crores. The issue is entirely an offer for sale of 8.62 crore shares of ₹5,700.94 crore.
ICICI Lombard IPO bidding started from Sep 15, 2017 and ended on Sep 19, 2017. The allotment for ICICI Lombard IPO was finalized on Sep 22, 2017. The shares got listed on BSE, NSE on Sep 27, 2017.
ICICI Lombard IPO price band is set at ₹661 per share. The lot size for an application is 22. The minimum amount of investment required by an retail is ₹14,542 (22 shares) (based on upper price). The lot size investment for sNII is 14 lots (308 shares), amounting to ₹2,03,588, and for bNII, it is 69 lots (1,518 shares), amounting to ₹10,03,398.
CLSA India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to ICICI Lombard IPO RHP for detailed Information.
IPO Open
Fri, Sep 15, 2017
IPO Close
Tue, Sep 19, 2017
Issue Price
₹661 per share
Market Cap (Pre-IPO)
₹30,005.98 Cr
| IPO Date | 15 to 19 Sep, 2017 |
| Listed on | Wed, Sep 27, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹651 to ₹661 |
| Issue Price | ₹661 per share |
| Lot Size | 22 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 8,62,47,187 shares (agg. up to ₹5,701 Cr) |
| Offer for Sale | 8,62,47,187 shares of ₹10 (agg. up to ₹5,701 Cr) |
| Share Holding Pre Issue | 45,39,48,304 shares |
| Share Holding Post Issue | 45,39,48,304 shares |
| BSE Script Code / NSE Symbol | 540716 / ICICIGI |
| ISIN | INE765G01017 |
ICICI Lombard IPO comprises a total issue size of 8,62,47,187 shares. The net offer to the public is 8,19,34,828 shares, after excluding 43,12,359 shares under a preferential allotment. Of the Net offer 4,09,67,413 (50.00%) are allocated to QIB, 1,22,90,225 (15.00%) allocated to NII 2,86,77,190 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 4,09,67,413 | 50.00% | 47.50% | NA |
| − Anchor Investor Shares Offered | 2,45,80,447 | 28.50% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 1,63,86,966 | 19.00% | NA | |
| NII (HNI) Shares Offered | 1,22,90,225 | 15.00% | 14.25% | NA |
| Retail Shares Offered | 2,86,77,190 | 35.00% | 33.25% | 13,03,508 |
| Preferential Reservations | ||||
| Shareholders Shares Offered | 43,12,359 | 5.00% | NA | |
| Total Shares Offered | 8,62,47,187 | 100.00% | 100.00% | |
Investors can bid for a minimum of 22 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹14,542 |
| Retail (Max) | 13 | 286 | ₹1,89,046 |
| S-HNI (Min) | 14 | 308 | ₹2,03,588 |
| S-HNI (Max) | 68 | 1,496 | ₹9,88,856 |
| B-HNI (Min) | 69 | 1,518 | ₹10,03,398 |
ICICI Lombard IPO raises ₹1,624.77 crore from anchor investors. ICICI Lombard IPO Anchor bid date is September 14, 2017.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Sep 14, 2017 |
| Shares Offered | 2,45,80,447 |
| Anchor Portion (₹ Cr.) | 1,624.77 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Oct 22, 2017 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Dec 21, 2017 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only shareholder | Up to Rs 2 Lakhs | Yes |
| Shareholder + RII/NII |
|
Yes for shareholder/RII |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The ICICI Lombard IPO is subscribed 2.98 times on September 19, 2017 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 8.17 | 1,63,86,966 | 13,39,39,432 |
| NII | 0.83 | 1,22,90,225 | 1,01,49,480 |
| Retail | 1.23 | 2,86,77,190 | 3,51,93,972 |
| Others | 0.99 | 43,12,359 | 42,82,212 |
| Total | 2.98 | 6,16,66,740 | 18,35,65,096 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the GCBRLMs and the BRLMs | 54.16 |
| 2 | Selling commission and processing fees for SCSBs | 10.90 |
| 3 | Selling commission and bidding charges for the Syndicate Members, Registered Brokers, RTAs and CDPs | 3.06 |
| 4 | Fees payable to Registrar to the Offer | 0.60 |
| 5 | Printing and stationary expenses | 4.63 |
| 6 | Advertising and marketing expenses | 18.70 |
| 7 | Others: i. Listing fees; ii. SEBI, BSE and NSE processing fees; iii. Fees payable to Legal Counsels; and iv. Miscellaneous. | 26.86 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹661.00 | ₹661.00 |
| Open | ₹650.00 | ₹651.10 |
| Low | ₹638.15 | ₹638.65 |
| High | ₹694.00 | ₹694.00 |
| Last Trade | ₹681.55 | ₹681.20 |
ICICI Lombard IPO is a main-board IPO of 8,62,47,187 equity shares of the face value of ₹10 aggregating up to ₹5,701 Crores. The issue is priced at ₹661 per share. The minimum order quantity is 22.
The IPO opens on Fri, Sep 15, 2017, and closes on Tue, Sep 19, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in ICICI Lombard IPO using UPI as a payment gateway. Zerodha customers can apply in ICICI Lombard IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ICICI Lombard IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ICICI Lombard IPO opens on Fri, Sep 15, 2017 and closes on Tue, Sep 19, 2017.
ICICI Lombard IPO lot size is 22, and the minimum amount required for application is ₹14,542.
You can apply in ICICI Lombard IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for ICICI Lombard IPO will be done on Friday, September 22, 2017, and the allotted shares will be credited to your demat account by Tue, Sep 26, 2017. Check the ICICI Lombard IPO allotment status.
The ICICI Lombard IPO listing date is on Wed, Sep 27, 2017.
