ICICI Lombard General Insurance Company IPO is likely to be get listed on both of the Exchange i.e. Bombay Stock Exchange and National Stock Exchange. An interested investors can retrieve relevant information as Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The IPO is scheduled to open on September 15, 2017 with a price band of Rs. 651- Rs. 661. The lot size of applying the IPO is for 22 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.
Public issue of the firm stood at 86,247,187 equity shares by the bank aggregating. The company plans to raise approx Rs.5700 crore through its IPO.
Company Profile:-
The company was incorporated on October 30, 2000. The firm is a joint venture between ICICI Bank and Canada-based Fairfax Financial Holdings Ltd. It offers to its customers a comprehensive and well-diversified range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels. Direct sales, individual agents, bank partners, other corporate agents, brokers, and digital are the major distribution channels of the firm through which it provides the services to its individual, corporate and government customers. The company has adopted a holistic approach to risk management, which includes a data-driven risk selection framework, conservative reserving and quality reinsurance.The firm focuses towards random analyse and mitigate risks, which benefits both of its business and its customers by reducing losses and the amount of claims.
Positive Outlook of the Firm:-
- Maintain its consistency in growth and market leadership;
- Offering various products via multi-channel distribution network;
- Focus towards customer value and satisfaction;
- Robust risk selection and management framework;
- Step ahead for the strong performance of its technology and systems;
- Competitive Financial Performance.
Objects Of The Issue:-
- To take the advantage of listing the Equity Shares of the Company on the Stock Exchanges;
- To enhance the brand image and name of the firm.
Summary of Issue:
| Issue Open:- | September 15, 2017 – September 19, 2017 |
| Issue Type | 100% Book Built Issue IPO |
| Issue Size (Shares) | Upto 86,247,187 Equity Shares |
| Issue Size in (Value) | Rs. 5700.94 Crore |
| Face Value | Rs. 10 Per Equity Share |
| Issue Price | Rs. [651 – 661] Per Equity Share |
| Market lots | 22 Shares |
| Minimum Order Quantity | 22 Shares |
| Listing At | BSE, NSE |
Important dates for ICICI Lombard General Insurance Company Limited IPO Allotment Status
- The Allotment date for ICICI Lombard General Insurance Company limited IPO issue is expected to be September 22, 2017.
- The amount will get unblocked on September 25, 2017.
- The Shares are expected to credited in DP accounts on September 25, 2017.
- The Shares of ICICI Lombard General Insurance Company likely to be listed on September 26,2017 on both BSE and NSE.
ICICI Lombard General Insurance Company Limited IPO Allotment Status
ICICI Lombard General Insurance Company Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
- Click on the given link See Allotment Status here
- Go to Application Status
- Select IPO as ICICI Lombard General Insurance Company Limited IPO
- Enter your PAN Number or Application Id or DP Client Id.
It takes little time to fetch information so you need to be little patient.
Promoters of the Company:-
ICICI Bank Limited
Financials:-
| Particulars | For the year/Period ended (Rs. in Million) | ||||
| Financial Year | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 |
| Total Equity & Liabilities | 48,888.1 | 35,644.5 | 32,626.4 | 25,278.0 | 20,290.5 |
| Total Assets | 48,888.1 | 35,644.5 | 32,626.4 | 25,278.0 | 20,290.5 |
| Total Revenue | 9,836.5 | 7,242.2 | 7,424.4 | 5,563.1 | 4,162.1 |
| Profit After Tax (PAT) | 6,418.2 | 5,053.4 | 5,853.2 | 5,200.7 | 3,527.8 |
Lead Manager Details:-
1) DSP Merrill Lynch Limited
Ground Floor, A Wing, One BKC G Block, Bandra Kurla
Complex Bandra (East) Mumbai 400 051
Tel: (91 22) 6632 8000
Fax: (91 22) 6776 2343
E-mail: dg.icicilombard_ipo@baml.com
Investor grievance e-mail: dg.india_merchantbanking@baml.com
Website: www.dspml.com
Contact person: Soham H. Bhattbhatt SEBI
registration number: INM000011625
2) ICICI Securities Limited*
ICICI Center, H.T. Parekh Marg Churchgate
Mumbai 400 020
Tel: (91 22) 2288 2460
Fax: (91 22) 2282 6580
E-mail: icicilombard.ipo@icicisecurities.com
Investor grievance e-mail: customercare@icicisecurities.com
Website: www.icicisecurities.com
Contact person: Prem D’cunha / Govind Khetan
SEBI registration number: INM000011179
3) IIFL Holdings Limited*
10th Floor,
IIFL Centre Kamala City,
Senapati Bapat Marg Lower Parel (West)
Mumbai 400 013
Tel: (91 22) 4646 4600
Fax: (91 22) 2493 1073
E-mail: icicilombard.ipo@iiflcap.com
Investor grievance e-mail: ig.ib@iiflcap.com
Website: www.iiflcap.com
Contact person: Ankur Agarwal / Manali Jain
SEBI registration number: INM000010940
4) CLSA India Private Limited
8/F Dalamal House Nariman Point Mumbai 400 021
Tel: (91 22) 6650 5050
Fax: (91 22) 2284 0271
E-mail: icicilombard.ipo@citicclsa.com
Investor grievance e-mail: investor.helpdesk@clsa.com
Website: www.india.clsa.com
Contact person: Sarfaraz Agboatwala
SEBI registration number: INM000010619
5) Edelweiss Financial Services Limited
14th Floor, Edelweiss House Off. C.S.T. Road,
Kalina Mumbai 400 098
Tel: (91 22) 4009 4400
Fax: (91 22) 4086 3610
E-mail: icicilom.ipo@edelweissfin.com
Investor grievance e-mail: customerservice.mb@edelweissfin.com
Website: www.edelweissfin.com
Contact person: Nishita John/Pradeep Tewani
SEBI registration number: INM0000010650
6) JM Financial Institutional Securities Limited
7th Floor, Cnergy Appasaheb Marathe Marg Prabhadevi
Mumbai 400 025
Tel: (91 22) 6630 3030
Fax: (91 22) 6630 3330
E-mail: icicilombard.ipo@jmfl.com
Investor grievance e-mail: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact person: Prachee Dhuri
SEBI registration number: INM000010361
Registrar To The Issue:-
KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda, Hyderabad,
Telangana 500 032, India
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@karvy.com
Investor grievance email: dixon.ipo@karvy.com
Website: www.karisma.karvy.com
Contact Person: M Murali Krishna
SEBI Registration No: INR000000221
Registered Office Details:-
ICICI Lombard House, 414, Veer Savarkar Marg,
near Siddhivinayak Temple, Prabhadevi,
Mumbai 400 025;
Tel: (91 22) 6196 1100;
Fax: (91 22) 6196 1323;
Corporate Office: 15th Floor, Tower B,
Peninsula Business Park, Lower Parel,
Mumbai 400013;
Tel: (91 22) 6196 1100;
Fax: (91 22) 6196 1323;
Contact Person: Vikas Mehra,
Company Secretary and Compliance Officer E-mail: investors@icicilombard.com;
Website: https://www.icicilombard.com
Corporate Identity Number: U67200MH2000PLC129408
IRDAI Registration Number: 115
To Download ICICI Lombard General Insurance Company IPO Application Form click here