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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 ₹661.00 per share . The lot size for an application is 22. The minimum amount of investment required by an retail is ₹14,322 (22 shares). 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 Date | September 15, 2017 to September 19, 2017 |
| Listing Date | September 27, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹651 to ₹661 per share |
| Issue Price Final | ₹661 per share |
| Lot Size | 22 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 8,62,47,187 shares (aggregating up to ₹5,700.94 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 45,39,48,304 shares |
| Share Holding Post Issue | 45,39,48,304 shares |
ICICI Lombard IPO offers total 8,62,47,187 shares. Out of which 4,09,67,413 (47.50%) allocated to QIB, 1,63,86,966 (19.00%) allocated to QIB, 1,22,90,225 (14.25%) allocated to NII, 2,86,77,190 (33.25%) allocated to RII and 2,45,80,447 (28.50%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 4,09,67,413 (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 (14.25%) | NA |
| Retail Shares Offered | 2,86,77,190 (33.25%) | 13,03,508 |
| Shareholders Shares Offered | 43,12,359 (5.00%) | NA |
| Total Shares Offered | 8,62,47,187 (100.00%) |
| 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:
ICICI Lombard IPO opens on September 15, 2017, and closes on September 19, 2017.
| IPO Open Date | Fri, Sep 15, 2017 |
| IPO Close Date | Tue, Sep 19, 2017 |
| Tentative Allotment | Fri, Sep 22, 2017 |
| Initiation of Refunds | Mon, Sep 25, 2017 |
| Credit of Shares to Demat | Tue, Sep 26, 2017 |
| Tentative Listing Date | Wed, Sep 27, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 19, 2017 |
Investors can bid for a minimum of 22 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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
| Particulars | For the year/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 | |
[Dilip Davda] ILGI is set to gain first mover fancy in the sector post listing as many more companies in this segment are lining up for maiden offers going forward. Issue appears to be fully priced. Future for this segment is bright. Considering all these aspects, investment for long term may be considered. Read detail review...
| Listing Date | September 27, 2017 |
| BSE Script Code | 540716 |
| NSE Symbol | ICICIGI |
| ISIN | INE765G01017 |
| Final Issue Price | ₹661 per share |
| BSE Listing Group | B |
ICICI Lombard General Insurance Co.Ltd.
ICICI Lombard House,
14, Veer Savarkar Marg, Near Siddhivinayak Temp.
Prabhadevi, Mumbai 400 025
Prabhadevi, Maharashtra
Phone: +(91 22) 6196 1100
Email: investors@icicilombard.com
Website: https://www.icicilombard.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
ICICI Lombard IPO is a main-board IPO of 8,62,47,187 equity shares of the face value of ₹10 aggregating up to ₹5,700.94 Crores. The issue is priced at ₹661 per share. The minimum order quantity is 22.
The IPO opens on September 15, 2017, and closes on September 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 September 15, 2017 and closes on September 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 Tuesday, September 26, 2017. Check the ICICI Lombard IPO allotment status.
The ICICI Lombard IPO listing date is on Wednesday, September 27, 2017.
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