ICICI Lombard General Insurance Company Ltd IPO Details – Date, Company Profile, Allotment, Listing

ICICI Lombard General Insurance Company Ltd IPO Details – Date, Company Profile, Allotment, Listing

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ICICI Lombard General Insurance Company Ltd
Issue Period-15SEP–19SEP, 2017                     Issue Size-86,247,187EqShares (Rs.5700.94cr)
Issue Price-Rs.651-Rs.661per Eq Share           Market Lot-22Equity Shares
Face Value-Rs 10per Eq Share                           Listing at-BSE, NSE
COMPANY PROFILE
Incorporated in 2000, ICICI Lombard General Insurance Company Ltd founded as a joint venture with ICICI Bank Limited, is engaged inproviding various general insurance products and services in India. They mainly offers fire, engineering, hull, aviation, motor, casualty,health, travel, energy, personal accident, marine, liability, home, rural, and credit insurance products and services.They also providesreinsurance, insurance claims management, and investment management services. They were the largest private sector non life insurerin India based on gross direct premium income in fiscal 2017. They offer comprehensive and well diversified range of productsincluding motor,health, crop/weather, fire, personal accident, marine, engineering.
THE OBJECT OF THE ISSUE
1. To achieve the benefits of listing the Equity Shares of the Company on the Stock Exchanges;
2. To carry out the sale of up to 86,247,187 Equity Shares by the Selling Shareholders; and
3. Enhance the ICICI Lombard brand name and provide liquidity to the  existing shareholders
you can also read more about: Capacit’e Infraprojects Limited IPO Details
OUR RECOMMENDATION
QIB(more than Rs/-200,000/-)                                             50% of Net Issue size
Non-Institutional(more than Rs/-200,000/-)                    15% ofNet Issue size
Retail(up to Rs/-200,000/-)                                                   35%of Net Issue size

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