ICICI Lombard General Insurance Company Limited

Last Updated-Dec 28, 2017 @ 8:17 pm

icici lombard ipo

► ISSUE PERIOD: 15th Sep to 19th Sep
► ISSUE TYPE: Book Built
► ISSUE PRICE:  Rs 651-Rs 661
► ISSUE SIZE: 86,247,187 Shares
► LOT SIZE: 22 Shares


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.


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.


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.


Balance sheet: Consolidated (Rupees in million)

icici lombard balance sheet

Revenue Account: (Rupees in million)

icici lombard revenue accounts

Profit and Loss: Consolidated (Rupees in million)

icici lombard profit and loss

Cash Flow: Consolidated (Rupees in million)

icici lombard cash flow


Source: DRHP


As on 19-Sep-2017 18:15:00 IST

Investor type Shares Reserved Bids Received(NSE+BSE) No. of times
QIBs 16386966 133,939,432.00 8.17
NIIs 12290225 10,149,480.00 0.83
RIIs 28677190 34,591,656.00 1.21
Shareholders 4312359 4,267,208.00 0.99
Total 61666740 182,947,776.00 2.97

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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, icicilombard.ipo@karvy.com

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[Total: 6    Average: 3.3/5]

Source: NSE


You can check the allotment status here

(Note: Allotments are updated in 2-3 weeks after issue closure)


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