ICICI Lombard General Insurance Company Limited
ICICI Lombard General Insurance Company Limited is a private-sector non-life insurer offering private-sector companies to commence operations in the sector in fiscal 2001. We offer our customers a comprehensive and well-diversified range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance. It is the largest private-sector non-life insurer in India based on gross direct premium income in fiscal 2017. It is a joint venture between ICICI Bank Limited and Fairfax Financial Holdings Limited. They issued issued 17.7 million policies in fiscal 2017 generating gross direct premium income of Rs 107.25 billion. Their distribution channels include direct sales, individual agents, bank partners, other corporate agents, brokers, and digital. As of March 31, 2017, they had Rs 150.79 billion in total investment assets.
OBJECTS OF THE ISSUE:
The objects of the Offer are to achieve the benefits of listing the Equity Shares of the Company on the Stock Exchanges and to carry out the sale of up to 86,247,187 Equity Shares by the Selling Shareholders. The listing of the Equity Shares will enhance the “ICICI Lombard” brand name and provide liquidity to the existing shareholders. The listing will also provide a public market for the Equity Shares in India.
PROMOTERS OF THE COMPANY:
ICICI Bank: It is India’s largest private-sector bank in terms of consolidated total assets with an asset base of Rs 9.9 trillion at March 31, 2017.
FINANCIALS THE COMPANY:
Balance sheet: Consolidated (Rupees in million)
Revenue Account: (Rupees in million)
Profit and Loss: Consolidated (Rupees in million)
Cash Flow: Consolidated (Rupees in million)
As on 19-Sep-2017 18:15:00 IST
|Investor type||Shares Reserved||Bids Received(NSE+BSE)||No. of times|
|Issue Period||15-Sep-2017 to 19-Sep-2017|
|Post issue Modification Period||20-Sep-2017 (10.00 A.M. to 1.00 P.M.)|
|Issue Size||Public Offer of upto 86,247,187 Equity Shares (including anchor portion of 24,580,447 Equity Shares)|
|Issue Type||100% Book Building|
|Price Range||Rs 651 to Rs 661|
|Face Value||Rs 10|
|Tick Size||Re 1|
|Bid Lot||22 Equity Shares and in multiples thereof|
|Minimum Order Quantity||22 Equity Shares|
|Maximum Subscription Amount for Retail Investor||Rs. 2,00,000|
|IPO Market Timings||10.00 a.m. to 5.00 p.m.|
|Global Co Ordinators and BRLMs||DSP Merrill Lynch Limited, IIFL Holdings Limited and ICICI Securities Limited|
|Book Running Lead Managers||CLSA India Private Limited, Edelweiss Financial Services Limited and JM Financial Institutional Securities Limited|
|Syndicate Members||Edelweiss Securities Limited, India Infoline Limited and JM Financial Services Limited|
|Categories||FI, IC, MF, FII, OTH, CO, IND, NOH and SHA|
|Name of the Registrar||Karvy Computer Share Private Limited|
|Address of the Registrar||Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad ,Telangana 500 032, India|
|Contact person name number and Email id||M Murali Krishna , +91 40 6716 2222, firstname.lastname@example.org|
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