ICICI Lombard General Insurance Company Limited IPO

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ICICI Lombard is a joint venture between ICICI Bank and Canada-based Fairfax Financial Holdings. The IPO will help shareholders to monetise their holdings and help Fairfax, which currently holds 35 per cent in the joint venture, to divest its stake.
The company has an overall market share of 8.4 per cent in the general insurance sector and is a major player in the vehicle, home, travel and health space. The firm has vast network of 19,800 agents/brokers.
Canadian Investor : Fairfax has got a preliminary conditional nod from regulator Insurance Regulatory and Development Authority of India (Irdai) for a new non-life venture with another partner. It is reportedly looking to part-sell its stake to another buyer. As per regulatory requirements, Fairfax will have to bring down its holding to 10 per cent in ICICI Lombard.
Any such stake sale could have an indirect bearing on the valuations of ICICI Lombard. ICICI Lombard was valued at Rs 17,000-19,000 crores as per recent brokerage reports and a dilution of 25 per cent would fetch the insurer around Rs 4,500 crores. A 15 per cent dilution would fetch about Rs 3,000 crore

ICICI Lombard General Insurance Company Limited IPO Stock Quote & Charts

748.90

-0.08%

  • Open: 744.00
  • High - Low: 750.60 - 734.00
  • Previous Close: 749.50
  • Total Traded Volume: 100093
  • Updated On: 25-May-2018

Objects of the Issue:

1. To achieve the benefits of listing the Equity Shares of the Company on the Stock Exchanges; 2. Offer for Sale 3. Enhance the “ICICI Lombard” brand name and provide liquidity to the existing shareholders.

Listing Date: Sep 27 2017

Issue Details:

Open Date: Sep 15 2017
Close Date: Sep 19 2017
Total Shares: 86,247,187
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Built Issue IPO
Issue Size: 5,700.94 Cr.
Lot Size: 22 Shares
Issue Price: ₹ 651-661 Per Equity Share
Listing At: NSE,BSE
Listing Date: Sep 27 2017

Promoters And Management:

ICICI Bank Limited

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 48,885.8 35,445.0 32,414.2 25,070.8 20,290.5
Total Revenue 9,836.5 7,242.2 7,424.4 5,563.1 4,162.1
Profit After Tax 6,418.2 5,053.4 5,853.2 5,200.7 3,527.8

Company Address:

ICICI Lombard General Insurance Company Limited ICICI Lombard House, 14, Veer Savarkar Marg Near Siddhivinayak Temp. Prabhadevi Mumbai 400 025 Phone: +(91 22) 6196 1100 Fax: +(91 22) 6196 1323 Email: investors@icicilombard.com Website: www.icicilombard.com