ICICI Prudential IPO is expected to be launched in this month of September 2016. The dates announced are Sept 19, 2016 to Sept 21, 2016 with a price band of Rs.300 – 334 per Equity share. It is gong to be a fairly big IPO with its issue size of Rs.6000 crores approximately. Such sized IPO is launched after a long period of time in India capital market. ICICI Prudential Life Insurance Company is a Joint venture of ICICI and Prudential is among the largest private sector Insurance companies in India. We cover here various details like Price Band, Date, Company profile, Financials, Lead Manager details, registrar details, Subscription figures, Allotment and Listing.
The company has filed its Red Herring Prospectus (RHP) draft for initial public offering (IPO) with markets regulator Securities and Exchange Board of India (SEBI) to hit the capital market.The company aims to raise $745 million in the biggest local IPO in six years.
ICICI Bank which owns about 68% of the insurer, is likely to sell up to 181.34 million shares in the IPO. However, Britain’s Prudential PLC which holds nearly 26 percent of ICICI Pru Life, is not selling any of its stake.
Company Profile: This company is incorporated as on July 20, 2000 at Mumbai in India. It is offering a range of life insurance, health insurance and pension products and services to its respective customers through an extensive multi-channel sales network across India, including through the branches of its bank partners, individual agents, corporate agents, employees, offices and website. The bank partners of company had over 4500 branches as per the record of July 12,2016. This company is a joint venture between ICICI Bank Limited which the largest private sector bank in terms of total assets with an asset base of 7.2 trillion at March 31, 2016, and Prudential Corporation Holdings Limited, a part of the Prudential Group, an international financial services group with GBP 509 billion of assets under management at December 31, 2015.
In India , it is one of the largest private sector life insurer with total premium in fiscal 2016 and assets under management at March 31, 2016. It is the first life insurance company in private sector and started its operation in fiscal 2001. The company has a wholly owned subsidiary, ICICI Prudential Pension Funds Management Company Limited, which is registered as a fund manager with the Pensions Fund Regulatory and Development Authority of India.
Outlook of the company:-
- Consistent Leadership across Cycles
- Delivering Superior Customer Value
- Diversified Multi-channel Distribution Network
- Leveraging Technology
- Robust and Sustainable Business Model
- Strong Brand
- Experienced Senior Management Team
Purpose of the issue:-
- To achieve the benefits of listing the Equity Shares of the Company on the Stock Exchanges.
- To carry out the sale of up to 181,341,058 Equity Shares by the Selling Shareholder.
- To enhance its brand name.
- To provide liquidity to the existing shareholders.
- To provide a public market for the Equity Shares in India.
Summary Of Issue:
| Issue Open:- | Sep 19,2016 – Sep21,2016 |
| Issue Type | 100% Book Built Issue IPO |
| Issue Size (Shares) | 181,341,058 Equity Shares of Rs. 10 |
| Issue Size in (Value) | Rs. [ 6059.79]Crore |
| Face Value | Rs. 10 Per Equity Share |
| Issue Price | Rs. 300 – Rs. 334 Per Equity Share |
| Market lots | 44 Shares |
| Minimum Order Quantity | 44 Shares |
| Listing At | BSE, NSE |
Promoters Of the Company:
1) ICICI Bank Of India:- ICICI Bank is registered with RBI as a banking company. It facilitates a wide range of banking and financial services including commercial banking and treasury operations. The equity shares of ICICI Bank are currently listed on BSE and NSE. The American depository shares (“ADS”) of ICICI Bank are listed on the New York Stock Exchange.
2) Prudential Corporation Holdings limited :- PCHL is engaged mainly to act as the holding company of the Prudential group’s insurance and asset management operations in Asia.
Financials:
| Particulars | For the year/Period ended (Rs. in Million) | ||||
| Financial Year | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 |
| Total Liabilities | 1,025,651.3 | 990,584.2 | 801,027.3 | 740,839.0 | 716,879.8 |
| Total Assets | 1,025,651.3 | 990,584.2 | 801,027.3 | 740,839.0 | 716,879.8 |
| Total Revenue | 18,098.7 | 16,746.4 | 16,518.8 | 21,893.2 | 18,234.4 |
| Total Expenses | 357.2 | 841.9 | 1,336.1 | 6,331.1 | 4,059.5 |
| Profit After Tax (PAT) | 16,530.4 | 16,402.2 | 15,624.4 | 15,155.2 | 13,857.3 |
Subscription figs for ICICI Prudential IPO
| Shares Offered / Reserved | Day 1 | Day 2 | Day 3 | |
| QIB | 32,641,391 | 0.06 | 0.59 | 11.83 |
| NII | 24,481,043 | 0.04 | 0.15 | 28.55 |
| RII | 57,122,434 | 0.25 | 0.65 | 1.42 |
| Others | 18,134,105 | 0.20 | 0.48 | 12.20 |
| Total | 132,378,973 | 0.16 | 0.52 | 10.48 |
| All figs. in no.of Times |
Allotment of ICICI Prudential IPO
The allotment of IPO generally comes within a week from the IPO closure date. If you have applied for ICICI Prudential IPO, then you may check your status on the below given link with either PAN number or Application number or DP Client Id on the link given below.
All you need to follows are these steps.
- Go to the given link Allotment Status link here
- Select IPO as ICICI Prudential Life Insurance IPO
- Enter your PAN or Application No. or DP Client Id
It may take few seconds so be little patient. If you have not got the shares, please check the basis of allotment here on this link
Listing Date for ICICI Prudential IPO
Listing Date for ICICI Prudential Life Is expected to be by end of Sept or October beginning.
Lead Manager Details:
Global Co-Ordinators And Book Running Lead Manager
DSP Merrill Lynch Limited
Ground Floor, A Wing, One BKC, G Block, Bandra Kurla Complex
Bandra (East), Mumbai 400 051
Tel: (91 22) 6632 8000 Fax: (91 22) 2204 8518
E-mail: dg.iciciprudential_ipo@baml.com
Investor grievance e-mail: dg.india_merchantbanking@baml.com
Website: www.dspml.com
Contact person: Radha Chakka
SEBI registration number: INM000011625
ICICI Securities Limited
ICICI Center, H.T. Parekh Marg, Churchgate, Mumbai 400 020
Tel: (91 22) 2288 2460 Fax: (91 22) 2282 6580
E-mail: iprulife.ipo@icicisecurities.com
Investor grievance e-mail: customercare@icicisecurities.com
Website: www.icicisecurities.com
Contact person: Amit Joshi / Ujjaval Kumar
SEBI registration number: INM000011179
Book Running Lead Manager:
CLSA India Private Limited
8/F Dalamal House, Nariman Point, Mumbai 400 021
Tel: (91 22) 6650 5050 Fax: (91 22) 2284 0271
E-mail: iciciprulife.ipo@citicclsa.com
Investor grievance e-mail: investor.helpdesk@clsa.com
Website: www.india.clsa.com
Contact person: Sarfaraz Agboatwala
SEBI registration number: INM000010619
# Formerly CLSA India Limited
Deutsche Equities India Private Limited
The Capital, 14th floor, C -70, G Block, Bandra Kurla Complex, Mumbai 400 051
Tel: (91 22) 7180 4444 Fax: (91 22) 7180 4199
E-mail: icicipru.ipo@db.com
Investor grievance e-mail: db.redressal@db.com
Website: www.db.com/India
Contact person: Viren Jairath
SEBI registration number: INM000010833
Edelweiss Financial Services Limited
14th Floor, Edelweiss House, Off. C.S.T. Road, Kalina, Mumbai 400 098
Tel: (91 22) 4086 3535 Fax: (91 22) 4086 3610
E-mail: iciciprulife.ipo@edelweissfin.com
Investor grievance e-mail: customerservice.mb@edelweissfin.com
Website: www.edelweissfin.com
Contact person: Pradeep Tewani
SEBI registration number: INM0000010650
HSBC Securities and Capital Markets (India) Private Limited
52/60, Mahatma Gandhi Road, Fort, Mumbai 400 001
Tel: (91 22) 2268 5555 Fax: (91 22) 2263 1284
E-mail: ICICIPRUIPOHSCI@hsbc.co.in
Investor grievance e-mail: investorgrievance@hsbc.co.in
Website: http://www.hsbc.co.in/1/2/corporate/equities-globalinvestment-banking
Contact person: Mayank Jain/ Shreye Mirani
SEBI registration number: INM000010353
IIFL Holdings Limited
10th Floor, IIFL Centre, Kamala City, Senapati Bapat Marg, Lower Parel (West), Mumbai 400 013
Tel: (91 22) 4646 4600 Fax: (91 22) 2493 1073
E-mail: iprulife.ipo@iiflcap.com
Investor grievance e-mail: ig.ib@iiflcap.com
Website: www.iiflcap.com
Contact person: Gaurav Singhvi/ Pinak Bhattacharyya
SEBI registration number: INM000010940
JM Financial Institutional Securities Limited
7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025
Tel: (91 22) 6630 3030 Fax: (91 22) 6630 3330
E-mail: iciciprudential.ipo@jmfl.com
Investor grievance e-mail: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact person: Lakshmi Lakshmanan
SEBI registration number: INM000010361
SBI Capital Markets Limited
202, Maker Tower ‘E’, Cuffe Parade, Mumbai 400 005
Tel: (91 22) 2217 8300 Fax: (91 22) 2218 8332
E-mail: iciciprulife.ipo@sbicaps.com
Investor Grievance e-mail: investor.relations@sbicaps.com
Website: www.sbicaps.com
Contact person: Gitesh Vargantwar
SEBI registration number: INM000003531
UBS Securities India Private Limited
2 North Avenue, Maker Maxity, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051
Tel: (91 22) 6155 6000 Fax: (91 22) 6155 6292
E-mail: OL-ICICIPruIPO@ubs.com
Investor grievance e-mail: customercare@ubs.com
Website: www.ubs.com/indianoffers
Contact person: Jasmine Kaur
SEBI registration number: INM000010809
Registrar Of The Company
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32 Gachibowli, Financial District Nanakramguda, Hyderabad 500 032
Tel: (91 40) 6716 2222 Fax: (91 40) 2343 1551
E-mail: einward.ris@karvy.com
Investor grievance e-mail: icicprulife.ipo@karvy.com
Website: https://karisma.karvy.com
Contact person: M. Murali Krishna
SEBI registration number: INR000000221
Registered Office:
ICICI Pru Life Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025;
Tel: (91 22) 4039 1600; Fax: (91 22) 6662 2031
Contact Person: Vyoma Manek, Company Secretary and Compliance Officer
E-mail: investor@iciciprulife.com;
Website: www.iciciprulife.com
Corporate Identity Number: U66010MH2000PLC127837
