Thursday, September 15, 2016

ICICI Prudential Life IPO Price Band, Market Lot & Dates Details

As the market condition is not that much good but ICICI Prudential Life IPO might light this primary market and get good listing. As the market analyst says company has good growth and seeks IPO money to expand their business. The upcoming results will surely say everything but the main concern for IPO is their subscription. Market is on a higher side and ICICI Pru Life grey market premium is around 8-10% from their issue price. If market slides more one can expect lower premium but as per the long term view ICICI Prudential Life seems to be more powerful. As per life insurance industry growth seems to be good in last year and coming years will be more helpful for the company.

ICICI Prudential Life Review:
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ICICI Prudential Life IPO Dates & Price Band & Market Lot:
  • IPO Open: Sep 19, 2016
  • IPO Close: Sep 21, 2016
  • IPO Size: Approx Rs.6000 Crores
  • Face Value: Rs. 10 Per Equity Share
  • Price Band: Rs. 300 - Rs. 334
  • Listing on: BSE & NSE
ICICI Prudential Life IPO Market Lot:
  • Shares: Apply for 44 Shares (Minimum Lot Size)
  • Amount: Rs. 14696
ICICI Prudential Life IPO Allotment & Listing: (Approx)
  • Basis of Allotment: September 26, 2016 (Approx)
  • Refunds: September 27, 2016 (Approx)
  • Credit to demat accounts: September 28, 2016 (Approx)
  • Listing: September 29, 2016
Note: Refer Page No 556 of RHP

ICICI Prudential Life Services Financial:
ICICI Pru Life has good stability reported in last few years. The PAT is been around Rs. 1400 to 1600 crores. The value of the company shows that after IPO they will surely have a good growth as Life Insturance Companies are giving best results in last few years. ICICI Pru Life IPO has few things to prove in primary market after listing. The revenues are increased from Rs. 1678 crores to 1812 crores almost 8% increase from March 2015 to March 2016. PAT seems to be stable at Rs.1650 crores for this year from Rs.1640 crores from last year.

Company Promoters:

Quick Links:
Draft Prospectus with SEBI
Red Herring Prospectus

IPO Registrar:
Karvy Computershare Private Limited
Phone: +91-40-23312454
Fax: +91-40-23311968

IPO Lead Managers:
  • BoA Merrill Lynch
  • Deutsche Equities India Private Limited
  • Edelweiss Capital Limited
  • HSBC Securities & Capital Markets Pvt Ltd
  • ICICI Securities Limited
  • IIFL Holdings Limited
  • JM Financial Consultants Private Limited
  • SBI Capital Markets Limited
  • UBS Securities India Private Limited
Company Address:
ICICI Prudential Life Insurance Company Ltd
ICICI PruLife Towers,
1089, Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025
Phone: +91 22 4039 1600
Fax: +91 22 6662 2031

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