adsense code

Tuesday, 12 September 2017

ICICI Lombard IPO



ICICI Lombard is General insurance company. It is incorporated in 2000.  It is a largest no-life insurance company in India based on gross direct premium income in fiscal 2017. ICICI Lombard is a joint venture between ICICI Bank and Canada-based Fairfax Financial Holdings Ltd. The company generated revenue of Rs 416.2 Crores for the year ended Mar-13 and Rs 983.6 Crores for the year ended Mar-17 that means i.e. it has revenue growth at about 24% for last 5 years. Its FY17 EPS is Rs 14.2 and 3 years average EPS is Rs 13.12.They mainly offers range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance.

ICICI Lombard General Insurance Company’s initial public offering will open for subscription on September 15. ICICI Bank in a notification to the stock exchanges, said the IPO will close on September 19.

IPO Details as follows:

  • IPO open date: 15-September-2017
  • IPO close date: 19-September-2017
  • Face Value: Rs. 10 per share
  • Issue price band: Rs. 651 to Rs. 661 per share
  • Issue size: Rs. 5,700 Crores on higher price band
  • Lot size: 22
  • Minimum investment: 14542
  • Listing: BSE / NSE

No comments:

Post a comment

How Pump and dump works in market

A friend just shared with me this stock market story A lot of monkeys lives near a village. One day a merchant came to the village t...