ICICI Lombard IPO
ICICI Lombard IPO — date, price band, lot size & details 2017
ICICI Lombard listed on 27 Sep 2017 at ₹651.1, 1.5% below the ₹661 issue price.
ICICI Lombard General Insurance is a large private general insurer offering motor, health, fire, marine, travel, rural and other insurance. Its profit after tax was Rs 641.82 crore in FY2017.
Stock price
ICICI Lombard is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 15 Sep 2017
- Close 19 Sep 2017
- Allotment 22 Sep 2017
- Refund/credit 25 Sep 2017
- Listing 27 Sep 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 15 to 19 Sep, 2017 |
|---|---|
| Price Band | ₹651 – ₹661 |
| Face Value | ₹10 |
| Lot Size | 22 Shares |
| Issue Size | ₹5700.94 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,542 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 22 shares at the ₹661 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 22 | ₹14,542 |
| Retail (max) | 13 | 286 | ₹1,89,046 |
| S-HNI (min) | 14 | 308 | ₹2,03,588 |
| S-HNI (max) | 68 | 1,496 | ₹9,88,856 |
| B-HNI (min) | 69 | 1,518 | ₹10,03,398 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Profit after tax rose from Rs 505.34 crore in FY2016 to Rs 641.82 crore in FY2017.
- 02Net worth rose from Rs 2,885.26 crore in FY2015 to Rs 3,919.43 crore on 30 June 2017.
- 03Total assets grew from Rs 14,645.71 crore in FY2015 to Rs 25,007.59 crore on 30 June 2017.
- 04It offers a wide range of insurance lines, from motor and health to marine and rural, backed by ICICI Bank, which held 55.92% after the issue.
Risks · 5
- 01Profit after tax fell from Rs 585.32 crore in FY2015 to Rs 505.34 crore in FY2016.
- 02Motor and health insurance are highly competitive and claim costs can rise; borrowing was Rs 485.00 crore.
- 03Large natural disasters can lead to big claims in a single year; profit was Rs 214.34 crore in the June 2017 quarter.
- 04The whole Rs 5,700.94 crore issue was an offer for sale, so none of it went to the company.
- 05ICICI Bank held 62.92% before the issue and 55.92% after it.
Three years of numbers
All figures in ₹ crore, as reported in the ICICI Lombard offer document.
| Metric | 30 Jun 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 25,007.59 | 23,350.65 | 17,114.23 | 14,645.71 |
| Profit After Tax | 214.34 | 641.82 | 505.34 | 585.32 |
| NET Worth | 3,919.43 | 3,725.06 | 3,235.48 | 2,885.26 |
| Reserves and Surplus | 3,466.50 | 3,273.91 | 2,787.94 | 2,438.67 |
| Total Borrowing | 485.00 | 485.00 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the ICICI Lombard IPO will be updated shortly.
ICICI Lombard IPO Anchor Investors
64 anchor investors across 37 fund houses committed ₹1,624.70 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It provides general insurance products and services in India.
Its products include fire, engineering, hull, aviation, motor, casualty, health, travel, energy, personal accident, marine, liability, home, rural and credit insurance.
The IPO was Rs 5,700.94 crore and was entirely an offer for sale at Rs 661, the top of the Rs 651 to Rs 661 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
ICICI Lombard IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
172 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
CLSA India Pvt. Ltd
18 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of ICICI Lombard?
The current Grey Market Premium is ₹7.5, or 1% over the issue price.
What is the ICICI Lombard IPO price band?
₹651 to ₹661, on a face value of ₹10.
When is the allotment?
The basis of allotment is 22 September 2017, with listing on 27 September 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
