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

BharatMatrimony.com IPO

BharatMatrimony.com, incorporated in 2001, is an online match-making services provider. It is accessible through Websites, Mobile Apps and Mobile Websites. It is the leading online match-making services provider with 3.08 Mn free subscribers and 702,000 paid subscribers as of FY17.  As of June 30, 2017, they had 140 retail centers distributed across India where customers can walk in and register on their websites. BharatMatrimony has 15 language based domains under its umbrella.  

This company offers 

1. Directory Services
2. Photography & Videography
3. Apparel
4. Decorations
5. Catering
6. Venue Booking Services

The offer for sale shares include 14.6 lakh shares by Bessemer India Capital Holdings, 1.55 lakh equity shares by Mayfield and 16.83 lakh equity shares by CMDB II, apart from 3.84 lakh shares of Murugavel Janakiraman, the promoter of the company and 82,834 shares by Indrani Jankiraman, a member of the promoter group.

Issue Detail:

• Issue Open: Sep 11, 2017 - Sep 13, 2017
• Issue Type: Book Built Issue IPO
• Issue Price: Rs 983 - Rs 985 Per Equity Share
• Market Lot: 15 Shares
• Minimum Order Quantity: 15 Shares
• Listing At: BSE, NSE

Discount to Retail Investors

A discount of Rs 98 is offered to investors in retail category