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
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