Thursday, September 07, 2017

ICICI Lombard IPO Dates, Price Band, Market Lot Details

ICICI Lombard General Insurance Company is coming up with an IPO from 15th September. Fairfax Financial Holdings and ICICI Bank are jointly ventured ICICI Lombard General Insurance Comporation Limited. The purpose of the IPO is to monetise their stake and they want to divest the same in the market. They are one of the bigger players in the insurance market with over 8% in general insurance sector. The company has around Rs. 17-19000 crore valuations. The IPO looks attractive but one should check the ipo price band and the grey market premium as well.

ICICI Lombard IPO Review:
  • Apply for Long term Gain
ICICI Lombard IPO Dates & Price Band: (Approx)
  • IPO Open: 15-September-2017
  • IPO Close: 19-September-2017
  • IPO Size: Approx Rs. 5700 Crore (Approx)
  • Face Value: Rs. 10 Per Equity Share
  • Price Band: Rs. 651 to 661 Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity Shares: 86,247,187
ICICI Lombard IPO Market Lot:
  • Shares: Apply for 22 Shares (Minimum Lot Size)
  • Amount: Rs. 14542
ICICI Lombard IPO Allotment & Listing:
  • Basis of Allotment: 22-September
  • Refunds: 25-September
  • Credit to demat accounts: 26-September
  • Listing: 27-September
ICICI Lombard Financial:
As a big name behind the company ICICI Bank which being a promoter having good operating over India for last few decades. When we check the financial results it looks very much attractive. They have Rs.983 crore of revenues which is over 25% increase compare to 2016 while PAT is increased the same way. As the results looks superb and it will surely give good returns to investors.

Financial Results (Rs. in Crore)

2017 2016 2015 2014 2013
Assets 48889 3545 3241 2507 2029
Revenue 984 724 742 556 416
PAT 642 505 585 520 353

 Company Promoters:
  • ICICI Bank Ltd.
Quick Links:
DRHP Draft Prospectus

ICICI Lombard IPO Registrar:
Karvy Computershare Private Limited
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
ICICI Lombard IPO Lead Managers:
  • DSP Merrill Lynch Limited
  • ICICI Securities Limited
  • IIFL Holdings Limited
  • CLSA India Private Limited
  • Edelweiss Financial Services Limited
  • JM Financial Institutional Securities Limited
Company Address:
ICICI Lombard General Insurance Company Limited
15th Floor, Tower B, Peninsula Business Park,
Lower Parel, Mumbai 400 013
Phone: +91 22 6196 1100
Fax: +91 22 6196 1323