Bookbuilding IPO | ₹6,057 Cr | Listed at BSE, NSE | Mon, Sep 19, 2016 - Wed, Sep 21, 2016
ICICI Prudential Life IPO is a book build issue of ₹6,056.79 crores. The issue is entirely an offer for sale of 18.13 crore shares of ₹6,056.79 crore.
ICICI Prudential Life IPO bidding started from Sep 19, 2016 and ended on Sep 21, 2016. The allotment for ICICI Prudential Life IPO was finalized on Sep 26, 2016. The shares got listed on BSE, NSE on Sep 29, 2016.
ICICI Prudential Life IPO price band is set at ₹334 per share. The lot size for an application is 44. The minimum amount of investment required by an retail is ₹14,696 (44 shares) (based on upper price). The lot size investment for sNII is 14 lots (616 shares), amounting to ₹2,05,744, and for bNII, it is 69 lots (3,036 shares), amounting to ₹10,14,024.
BOFA Securities India Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to ICICI Prudential Life IPO RHP for detailed Information.
IPO Open
Mon, Sep 19, 2016
IPO Close
Wed, Sep 21, 2016
Issue Price
₹334 per share
Market Cap (Pre-IPO)
₹47,939.82 Cr
| IPO Date | 19 to 21 Sep, 2016 |
| Listed on | Thu, Sep 29, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹300 to ₹334 |
| Issue Price | ₹334 per share |
| Lot Size | 44 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 18,13,41,058 shares (agg. up to ₹6,057 Cr) |
| Offer for Sale | 18,13,41,058 shares of ₹10 (agg. up to ₹6,057 Cr) |
| Share Holding Pre Issue | 1,43,53,24,010 shares |
| Share Holding Post Issue | 1,43,53,24,010 shares |
| BSE Script Code / NSE Symbol | 540133 / ICICIPRULI |
| ISIN | INE726G01019 |
ICICI Prudential Life IPO comprises a total issue size of 18,13,41,058 shares. The net offer to the public is 16,32,06,953 shares, after excluding 1,81,34,105 shares under a preferential allotment. Of the Net offer 8,16,03,476 (50.00%) are allocated to QIB, 2,44,81,043 (15.00%) allocated to NII 5,71,22,434 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 8,16,03,476 | 50.00% | 45.00% | NA |
| − Anchor Investor Shares Offered | 4,89,62,085 | 27.00% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 3,26,41,391 | 18.00% | NA | |
| NII (HNI) Shares Offered | 2,44,81,043 | 15.00% | 13.50% | NA |
| Retail Shares Offered | 5,71,22,434 | 35.00% | 31.50% | 12,98,237 |
| Preferential Reservations | ||||
| Shareholders Shares Offered | 1,81,34,105 | 10.00% | NA | |
| Total Shares Offered | 18,13,41,058 | 100.00% | 100.00% | |
Investors can bid for a minimum of 44 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 44 | ₹14,696 |
| Retail (Max) | 13 | 572 | ₹1,91,048 |
| S-HNI (Min) | 14 | 616 | ₹2,05,744 |
| S-HNI (Max) | 68 | 2,992 | ₹9,99,328 |
| B-HNI (Min) | 69 | 3,036 | ₹10,14,024 |
ICICI Prudential Life IPO raises ₹1,635.33 crore from anchor investors. ICICI Prudential Life IPO Anchor bid date is September 16, 2016.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Sep 16, 2016 |
| Shares Offered | 4,89,62,085 |
| Anchor Portion (₹ Cr.) | 1,635.33 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Oct 26, 2016 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Dec 25, 2016 |
| 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 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To achieve the benefits of listing the Equity Shares of our Company on the Stock Exchanges and to carry out the sale of 181,341,058Equity Shares by the Promoter Selling Shareholder |
The ICICI Prudential Life IPO is subscribed 10.48 times on September 21, 2016 5:30:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 11.83 | 3,26,41,391 | |
| NII | 28.55 | 2,44,81,043 | |
| Retail | 1.42 | 5,71,22,434 | |
| Others | 12.2 | 1,81,34,105 | |
| Total | 10.48 | 13,23,78,973 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the GCBRLMs and the BRLMs | 90.85 |
| 2 | Selling commission and processing fees for SCSBs(1)and the selling commission and bidding charges for the Syndicate Members,Registered Brokers, RTAs and CDPs | 11.93 |
| 3 | Fees payable to Registrar to the Offer | 0.60 |
| 4 | Printing and stationary expenses | 3.79 |
| 5 | Advertising and marketing expenses | 18.15 |
| 6 | Others: 1. Listing fees; 2. SEBI, BSE and NSE processing fees; 3. Fees payable to Legal Counsels; and 4. Miscellaneous. | 41.97 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹334.00 | ₹334.00 |
| Open | ₹329.00 | ₹330.00 |
| Low | ₹295.50 | ₹295.15 |
| High | ₹333.90 | ₹333.90 |
| Last Trade | ₹297.65 | ₹297.55 |
Lead Manager Reports
ICICI Prudential Life IPO is a main-board IPO of 18,13,41,058 equity shares of the face value of ₹10 aggregating up to ₹6,057 Crores. The issue is priced at ₹334 per share. The minimum order quantity is 44.
The IPO opens on Mon, Sep 19, 2016, and closes on Wed, Sep 21, 2016.
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 Prudential Life IPO using UPI as a payment gateway. Zerodha customers can apply in ICICI Prudential Life IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ICICI Prudential Life IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ICICI Prudential Life IPO opens on Mon, Sep 19, 2016 and closes on Wed, Sep 21, 2016.
ICICI Prudential Life IPO lot size is 44, and the minimum amount required for application is ₹14,696.
You can apply in ICICI Prudential Life 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 Prudential Life IPO will be done on Monday, September 26, 2016, and the allotted shares will be credited to your demat account by Wed, Sep 28, 2016. Check the ICICI Prudential Life IPO allotment status.
The ICICI Prudential Life IPO listing date is on Thu, Sep 29, 2016.
