ICICI Prudential Life IPO

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ICICI Prudential Life logoICICI Prudential IPO

Established in 2001, ICICI Prudential Life Insurance claims to be the largest private sector life insurer in India. The company is a joint venture between India’s ICICI Bank and UK’s Prudential Corporation Holdings Limited. The company claims to have generated the most new business premiums on a retail weighted received premium basis among all private sector life insurers in India for every year since fiscal 2002.
As the name suggests, ICICI Prudential Life offers a range of insurance products, including but not limited to life insurance, health insurance and pension products.
On a retail weighted received premium basis, ICICI Prudential Life’s market share among all insurance companies in India (public and private sector) stood at 11.3% in FY2016. Among the 23 private sector life insurance companies in India, the company had a market share of 21.9% on a retail weighted received premium basis in FY2016.
The company sells its products through a nationwide network of branches of bank partners, individual agents, corporate agents, employees, offices and its website. As at March 31, 2016, the company had 121,016 individual agents. As of July 12, 2016, ICICI Prudential Life had banking partnership with over 4,500 branches. Bancassurance constituted 58.6% of its retail annualised premium equivalent in FY2016.
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Subscription Dates 19 – 21 September 2016
Price Band INR300 – 334 per share
Offer For Sale 181,341,058 shares (INR6,056.7 crore at upper end)
Total IPO size 181,341,058 shares (INR6,056.7 crore at upper end)
Minimum bid (lot size) 44 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On BSE, NSE

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Total issue size INR6,056.7 crore
Offer For Sale (OFS)  INR6,056.7 crore

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Name of shareholder Equity Shares Percentage (%)
ICICI Bank 969,157,662 67.62
PCHL 370,784,884 25.87
M/s Hasham Traders 57,435,497 4.01
Compassvale Investments Pte. Ltd 28,717,748 2.00
Binayak Dutta 328,750 0.02
Puneet K Nanda 247,500 0.02
Kalpana Bharat Sampat 235,000 0.02
Binay Kumar Agarwala 185,000 0.01
Shuba Rao Mayya 175,000 0.01
Pankaj Jain 167,250 0.01
Total 1,427,434,291 100.00

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ICICI Prudential’s consolidated financial performance (in INR crore)
  FY2012 FY2013 FY2014 FY2015 FY2016
Premium earned 13,927.8 13,417.2 12,282.6 15,160.4 18,998.7
Profit after tax 1,385.6 1,515.4 1,561.3 1,640.3 1,652.7
EPS (INR) 9.67 10.58 10.9 11.45 11.53

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ICICI Prudential’s IPO Subscription Details

Category Shares offered Subscription (no. of times, 6 PM) 
Day 1 Day 2 Day 3
QIB 32,641,391 0.05 0.59 11.83
NII 24,481,043  0.04  0.14 28.55
Retail 57,122,434  0.24  0.65 1.33
Shareholder reservation 18,134,105  0.20  0.47 12.20
Total  132,378,973  0.15  0.51 10.44

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ICICI Prudential Life IPO Allotment Status

ICICI Prudential Life IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link

[/vc_column_text][vc_row_inner][vc_column_inner width=”1/2″][td_block_9 custom_title=”Articles about ICICI Pru Life” header_color=”#96d668″ tag_slug=”ICICI Prudential Life”][vc_separator][td_block_text_with_title custom_title=”ICICI Prudential Contact Details”]ICICI Prudential Life Insurance Company  
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  

[/td_block_text_with_title][/vc_column_inner][vc_column_inner width=”1/2″][td_block_text_with_title custom_title=”What we are reading”]VCCircle: ICICI Prudential Life files for India’s first insurance IPO

Financial Express: Private life insurance companies register 13 pct growth in APE in July

[/td_block_text_with_title][td_block_ad_box spot_id=”custom_ad_1″][vc_separator][td_block_text_with_title custom_title=”Registrar of ICICI Prudential Life IPO “]Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, IndiaPhone: +91 40 23312454
Fax: +91 40 23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com
[/td_block_text_with_title][/vc_column_inner][/vc_row_inner][td_block_ad_box spot_id=”custom_ad_5″][vc_separator color=”vista_blue”][td_block_text_with_title custom_title=”Listing Performance of ICICI Prudential Life IPO”]IPO Opening Date: 19 September 2016

IPO Closing Date: 21 September 2016

Finalisation of Basis of Allotment: 26 September 2016

Initiation of refunds: 27 September 2016

Transfer of shares to demat accounts: 28 September 2016

Listing Date: 29 September 2016

Listing Price on NSE: INR330 per share (marginal discount to IPO price)

Closing Price on NSE: INR296.45 per share (discount of 11.2% over IPO price)[/td_block_text_with_title][/vc_column][vc_column width=”1/3″][vc_widget_sidebar sidebar_id=”td-default”][/vc_column][/vc_row]

ICICI Prudential Life IPO
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44 thoughts on “ICICI Prudential Life IPO

  • September 30, 2016 at 11:58 AM
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    Mostly I don’t advertise my trades but I bought 500 shares yesterday when others were trashing ICICI Prudential. I know it is not going to be a multibagger but I’ll make some money…

    Reply
    • October 8, 2016 at 7:42 PM
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      Great timing with ICICI Prudential, you must be already sitting on profits. Booked or still holding?

      Reply
      • October 9, 2016 at 2:26 PM
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        I bought 168 shares @301 so it is good going but I’m waiting for 340-350. It will come, hopefully before diwali…

        Reply
  • September 29, 2016 at 10:15 AM
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    What I said about these IPOs, all are bad for retail investors. Discount listing and now more small investors will sell. Just wait 270 is not far…

    Reply
    • September 29, 2016 at 10:26 AM
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      Trash, bakwaas, nonsense, ugly, futile, bekaar….Big companies are just waste of time and money. L&T was not enough so now ICICI has also joined the gang for looting investors

      Naam bade aur darshan chote…

      Reply
    • September 29, 2016 at 7:35 PM
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      nam bade dhrshan khoty

      Reply
      • September 29, 2016 at 7:36 PM
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        vishvas udha diya compny ipo n

        Reply
  • September 28, 2016 at 3:07 PM
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    No one is selling .Expect a Fantastic Listing tomorrow.

    Reply
  • September 27, 2016 at 11:22 PM
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    What is expected listing price.

    Reply
    • September 28, 2016 at 9:18 AM
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      I guess in worst opening 285-300, normal opening 340-375, best opening 400+. The expectation so far is normal opening. Just a guess…

      Reply
      • September 29, 2016 at 11:40 AM
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        Worst opening…

        Reply
  • September 27, 2016 at 11:18 PM
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    I have 96 shares allocated.

    Reply
  • September 27, 2016 at 11:05 PM
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    ICICI Pru listing above 370 for sure but it is a good stock to keep in the portfolio for long term. Ifthe mkts are good, it can cross 400 within the week.

    Reply
  • September 27, 2016 at 10:14 PM
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    Now all get one lot, everyone is happy but wht is listing price what is latest GMP???

    Reply
  • September 27, 2016 at 8:43 PM
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    Karvy is only showing no application found. My account debited so I came to know it is allotted. Moreover it is given based on some % not by full lot size. I got 51% whereas my friend got 60% of the application.

    Any guess on the listing price. Experts!!!

    Reply
    • September 28, 2016 at 10:20 AM
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      FIND WITH PAN NO.

      Reply
  • September 27, 2016 at 5:46 PM
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    I couldn’t find allotment status, It says No application found when i tried to check online or through message from Karvy. How can this be possible

    Reply
  • September 27, 2016 at 4:56 PM
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    53966682 THIS IS MY APPLICATION NMBR.
    PLS CHECK & REPLY STATUS THAT ALLOTMENT SHRE YA NOT

    Reply
  • September 27, 2016 at 4:51 PM
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    53966682 THIS IS MY APPLICATION NMBR.
    PLS CHECK & REPLY STATUS THAT ALLOTMENT SHRE YA NOT

    Reply
  • September 27, 2016 at 4:50 PM
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    I have no information from hdfc bank and icicidirect. anyway i can check allotmnt???

    Reply
  • September 27, 2016 at 4:46 PM
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    KARVY SERV. IS DABBA COMPARE WITH LINKIN TIME SER. IS GOOD.

    Reply
  • September 27, 2016 at 3:48 PM
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    i got msg…deducted amount Rs. 20374/-…. i dont understand i applied for 2 lots… but the amount deducted is less…

    Reply
    • September 27, 2016 at 3:56 PM
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      You have got 61 shares Vijay, congratulations. This must be extra allotment for ppl who applied for more than one lot. Since Karvy could not offer 88 shares, they have allotted 61 shares to such applicants. 44 shares to everyone and then 61 shares to big applications.

      Reply
      • September 27, 2016 at 4:06 PM
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        Thank you for reply..

        Reply
  • September 27, 2016 at 3:19 PM
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    I just got an SMS from my bank, Rs 14696 debited. Allotment aa gaya :)))))

    Reply
    • September 27, 2016 at 3:28 PM
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      Which bank? My HDFC Bank is still showing the same balance and Karvy website has nothing new…

      Reply
  • September 27, 2016 at 2:42 PM
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    on which site i can see the allotment or icici pru ipo?

    Reply
  • September 27, 2016 at 12:30 PM
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    yet not alloted icici share

    Reply
    • September 27, 2016 at 1:40 PM
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      Yes, allotment has not been done, the lien in my sbbj account is still there

      Reply
  • September 26, 2016 at 12:25 PM
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    I want to sell my application, can anybody help me?

    Reply
  • September 26, 2016 at 12:23 PM
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    When will be allotment done? Karvy website is not opening. Anyone got any luck?

    Reply
  • September 18, 2016 at 8:56 PM
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    Any idea what will be listing price?? Rs 25 premium is not even 10% on the allotment rate, does it make sense to invest?

    Reply
    • September 21, 2016 at 1:27 PM
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      GAME IS OVER 0.31

      Reply
  • September 15, 2016 at 8:47 AM
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    What are the latest gmp and kostak rates for icici pru???

    Reply
    • September 15, 2016 at 9:15 PM
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      Gagandeep, kostak application rate is around 900 – 950. And GMP is still around 25 so not much movement. In such big IPOs, rates don’tr move very quickly so try your luck…

      Reply
  • September 11, 2016 at 6:47 AM
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    No activity on this page. Boarders, is it not a good ipo to invest in, what are the latest grey market prices? Anyone please update

    Reply
    • September 13, 2016 at 12:17 PM
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      GMP for ICICI Pru Ipo is around 20-25 per share. It is less than 10% so may be a better approach to sell the application

      Reply
  • September 5, 2016 at 9:21 AM
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    When is this ipo due? it will be big so better chances of getting allotment.

    Reply
    • September 13, 2016 at 1:28 PM
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      thosw who wish that it wil not give return plz sell to me your application on allotmnt at 1000 profit

      Reply

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