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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 ₹334.00 per share . The lot size for an application is 44. The minimum amount of investment required by an retail is ₹13,200 (44 shares). 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 Date | September 19, 2016 to September 21, 2016 |
| Listing Date | September 29, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹300 to ₹334 per share |
| Issue Price Final | ₹334 per share |
| Lot Size | 44 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 18,13,41,058 shares (aggregating up to ₹6,056.79 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,43,53,24,010 shares |
| Share Holding Post Issue | 1,43,53,24,010 shares |
ICICI Prudential Life IPO offers total 18,13,41,058 shares. Out of which 8,16,03,476 (45.00%) allocated to QIB, 3,26,41,391 (18.00%) allocated to QIB, 2,44,81,043 (13.50%) allocated to NII, 5,71,22,434 (31.50%) allocated to RII and 4,89,62,085 (27.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 8,16,03,476 (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 (13.50%) | NA |
| Retail Shares Offered | 5,71,22,434 (31.50%) | 12,98,237 |
| Shareholders Shares Offered | 1,81,34,105 (10.00%) | NA |
| Total Shares Offered | 18,13,41,058 (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 Prudential Life IPO opens on September 19, 2016, and closes on September 21, 2016.
| IPO Open Date | Mon, Sep 19, 2016 |
| IPO Close Date | Wed, Sep 21, 2016 |
| Tentative Allotment | Mon, Sep 26, 2016 |
| Initiation of Refunds | Tue, Sep 27, 2016 |
| Credit of Shares to Demat | Wed, Sep 28, 2016 |
| Tentative Listing Date | Thu, Sep 29, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 21, 2016 |
Investors can bid for a minimum of 44 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 | 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 |
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 Company ICICI Prudential Life IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] Minimum lot may be considered for long term investment for this first mover IPO of the life insurance sector. Read detail review...
| Listing Date | September 29, 2016 |
| BSE Script Code | 540133 |
| NSE Symbol | ICICIPRULI |
| ISIN | INE726G01019 |
| Final Issue Price | ₹334 per share |
| BSE Listing Group | B |
ICICI Prudential Life Insurance Co.Ltd.
ICICI PruLife Towers,
1089, Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025
Prabhadevi, Maharashtra
Phone: +91 22 4039 1600
Email: investor@iciciprulife.com
Website: https://www.iciciprulife.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
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 ₹6,056.79 Crores. The issue is priced at ₹334 per share. The minimum order quantity is 44.
The IPO opens on September 19, 2016, and closes on September 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 September 19, 2016 and closes on September 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 Wednesday, September 28, 2016. Check the ICICI Prudential Life IPO allotment status.
The ICICI Prudential Life IPO listing date is on Thursday, September 29, 2016.
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