ICICI Prudential Life Insurance Company Limited IPO

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Incorporated in 2001 as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, ICICI Prudential Life Insurance Company Ltd is a Mumbai based largest private sector life insurer in India.
ICICI Prudential Life offer a range of life insurance, health insurance and pension products and services to its customers. ICICI Prudential offers the products and services through an extensive multi-channel sales network across India, including through the branches of bank partners, individual agents, corporate agents, employees, offices and its website.
Company has a market share of 11.3% on a retail weighted received premium basis in India. Among the 23 private sector life insurance companies in India, Company has a market share of 21.9% on a retail weighted received premium basis.
IPO Highlights (As of March 31, 2016):
1. ICICI Bank owns 68 percent of the company and selling 12.65% stake though this IPO.
2. At the upper end of the price band, IPO will raise over Rs 6000 Cr.
3. Britain’s Prudential PLC, which owns nearly 26% of the company, is not selling any of its stake in the IPO.
4. Company has 121,016 individual agents and over 4,500 branches with Bank partners.
5. Gross premium income was Rs 191.64 billion
6. Company have 1.04 trillion of assets under management, making them one of the largest fund managers in India.
Competitive Strengths:
1. Consistent Leadership across Cycles
2. Delivering Superior Customer Value
3. Diversified Multi-channel Distribution Network
4. Leveraging Technology
5. Robust and Sustainable Business Model
6. Strong Brand
7. Experienced Senior Management Team

ICICI Prudential Life Insurance Company Limited IPO Stock Quote & Charts

416.20

-1.40%

  • Open: 422.45
  • High - Low: 430.70 - 414.60
  • Previous Close: 422.10
  • Total Traded Volume: 1569251
  • Updated On: 21-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

Listing Date: Sep 29 2016

Issue Details:

Open Date: Sep 19 2016
Close Date: Sep 21 2016
Total Shares: 181,341,058
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Built Issue IPO
Issue Size: 6,056.79 Cr.
Lot Size: 44 Shares
Issue Price: ₹ 300-334 Per Equity Share
Listing At: NSE
Listing Date: Sep 29 2016

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 1,025,637.0 990,573.2 801,027.5 740,839.2 716,880.0
Total Revenue 18,122.4 16,775.5 16,607.1 21,910.5 18,244.6
Profit After Tax (PAT) 16,527.2 16,403.5 15,613.5 15,154.1 13,856.9

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 Email: investor@iciciprulife.com Website: www.iciciprulife.com