IPO

ICICI Lombard General Insurance Company Ltd IPO

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Offer Date: Sep 15, 2017 - Sep 19, 2017

₹ 14542 /22 Shares

15 Sep, 2017

Open Date

19 Sep, 2017

Close Date

23 Sep, 2017

Allotment Date

27 Sep, 2017

Listing Date
IPO Issue Details
  • Issue Price Rs 651 - Rs 661 Per Equity Share
  • Face Value Rs 10 Per Equity Share 
  • Issue Price 8,62,47,187 Equity Shares of Rs 10 aggregating up to Rs 5700.94 Cr 
  • Listing at BSE, NSE
  • Lead Manager Edelweiss Capital Limited, JM Financial Consultants Private Limited
  • Registrar Karvy Computershare Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


The IPO of is priced at ₹651 - 661 per equity share, which has a face value of Rs 10 Per Equity Share  each, IPO bidding starts from Sep 15, 2017 and ends on Sep 19, 2017. The allotment for IPO will be finalized on Sep 23, 2017. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 27, 2017. The company shall list its equity shares on the BSE, NSE. Karvy Computershare Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Edelweiss Capital Limited, JM Financial Consultants Private Limited.


The IPO sets its price band at 651 - 661 for each share. A single application for ICICI Lombard General Insurance Company Ltd IPO must contain at least 22 shares.

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IPO Subscription Analysis And Details
Retail
1.18x
QIB
8.17x
NII
0.82x
As on QIB NII Retail
Shares Offered / Reserved 1,63,86,966 1,22,90,225 2,86,77,190 N/A
Day 1 15-09-17
0.62 x 0.04 0.18 x N/A x
Day 2 18-09-17
2.37 x 0.10 0.62 x N/A x
Day 3 19-09-17
8.17 x 0.82 1.18 x N/A x
Valuations
Earnings Per Share (EPS) Rs 14.25
P/E Ratio 46.39
RoNW 18.44%
Net Asset Value (NAV) Rs 82.57
IPO - Issue Objectives
1

 To achieve the benefits of listing the Equity Shares of the Company on the Stock Exchanges

2

 To carry out the sale of up to 86,247,187 Equity Shares by the Selling Shareholders

3

  Enhance the 'ICICI Lombard' brand name and provide liquidity to the existing shareholders