ICICI Prudential Life IPO
ICICI Prudential Life IPO — date, price band, lot size & details 2016
ICICI Prudential Life listed on 29 Sep 2016 at ₹330, 1.2% below the ₹334 issue price.
ICICI Prudential Life Insurance is the largest private sector life insurer in India, a joint venture of ICICI Bank and Prudential, offering life, health and pension products. Its profit after tax was Rs 1,652.72 crore in FY2016.
Stock price
ICICI Prudential Life 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 13 November.
- Open 19 Sep 2016
- Close 21 Sep 2016
- Allotment 26 Sep 2016
- Refund/credit 27 Sep 2016
- Listing 29 Sep 2016
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 21 Sep, 2016 |
|---|---|
| Price Band | ₹300 – ₹334 |
| Face Value | ₹10 |
| Lot Size | 44 Shares |
| Issue Size | ₹6056.79 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,696 |
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 44 shares at the ₹334 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 44 | ₹14,696 |
| Retail (max) | 13 | 572 | ₹1,91,048 |
| S-HNI (min) | 14 | 616 | ₹2,05,744 |
| S-HNI (max) | 68 | 2,992 | ₹9,99,328 |
| B-HNI (min) | 69 | 3,036 | ₹10,14,024 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It was the largest private sector life insurer in India, with net worth of Rs 5,742.52 crore on 30 June 2016.
- 02Profit after tax rose from Rs 1,561.35 crore in FY2014 to Rs 1,652.72 crore in FY2016.
- 03Net worth rose from Rs 4,383.40 crore in FY2014 to Rs 5,742.52 crore on 30 June 2016.
- 04It is backed by ICICI Bank and Prudential, which held 80.72% together after the issue.
Risks · 5
- 01Total income swings with market returns, from Rs 33,955.76 crore in FY2015 to Rs 20,227.94 crore in FY2016.
- 02Sales of savings linked policies tend to fall when stock markets are weak; profit was Rs 404.90 crore in the June 2016 quarter.
- 03Insurance rules on charges and commissions are set by IRDAI and can change; profit rose only slowly from Rs 1,640.35 crore in FY2015.
- 04The whole Rs 6,056.79 crore issue was an offer for sale, so none of it went to the company.
- 05The promoters held 93.35% before the issue and 80.72% after it.
Three years of numbers
All figures in ₹ crore, as reported in the ICICI Prudential Life offer document.
| Metric | 30 Jun 2016 | 31 Mar 2016 | 31 Mar 2015 | 31 Mar 2014 |
|---|---|---|---|---|
| Total Income | 8,884.37 | 20,227.94 | 33,955.76 | 21,608.38 |
| Profit After Tax | 404.90 | 1,652.72 | 1,640.35 | 1,561.35 |
| NET Worth | 5,742.52 | 5,323.50 | 5,264.30 | 4,383.40 |
| Reserves and Surplus | 4,050.81 | 3,640.20 | 3,428.47 | 3,366.38 |
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 Prudential Life IPO will be updated shortly.
About the company
It is a Mumbai based life insurer and was the largest private sector life insurer in India.
It offers life insurance, health insurance and pension products and services. It now trades as ICICILIFE.
The IPO was Rs 6,056.79 crore and was entirely an offer for sale by ICICI Bank at Rs 334, the top of the Rs 300 to Rs 334 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 Prudential Life 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.
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Ubs Securities India Private Limited
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Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
Deutsche Equities India Pvt. Ltd
14 issues handledBest listing: Reliance Petroleum (+66.6%). Weakest: Adlabs Entertainment (-9.9%).
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 Prudential Life?
The current Grey Market Premium is ₹0.
What is the ICICI Prudential Life IPO price band?
₹300 to ₹334, on a face value of ₹10.
When is the allotment?
The basis of allotment is 26 September 2016, with listing on 29 September 2016.
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.
