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ICICI Prudential IPO review



Markets regulator Securities and Exchange Board of India (Sebi) has given its approval for the initial public offering (IPO) of ICICI Bank's life insurance subsidiary ICICI Prudential.

India's largest Private Life Insurance company, ICICI Pru Life IPO would open for subscription on 19 th September, 2016. ICICI Pru Life Limited, the largest private sector life insurer in India by total premium in fiscal 2016 and assets under management at March 31, 2016. Since this is one of the largest IPO and many large books running lead managers (BLRMs) are participating, it is attracting investors now. What the reasons for you to invest in ICICI Pru Life IPO? Are there any negative factors in ICICI Pru Life IPO? Should you invest in this ICICI Pru Life IPO?

About ICICI Pru Life Limited

ICICI Pru Life Ltd is the largest private sector life insurer in India by total premium in fiscal 2016 and assets under management at March 31, 2016. The company is a joint venture between ICICI Bank Limited, India’s largest private sector bank in terms of total assets with an asset base of Rs 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. They were one of the first private sector life insurance companies in India and commenced operations in fiscal 2001. They offer its customers a range of life insurance, health insurance and pension products and services. Every fiscal year since fiscal 2002, they have consistently generated the most new business premiums on a retail weighted received premium basis among all private sector life insurers in India.

IPO Details


ICICI Pru Life IPO – Reservation for ICICI Bank Shareholders


Those who applies in shareholders quota upto Rs. 200000 can also apply in Retail or HNI category in Normal quota. However if one applies in shareholders` quota for more than Rs. 200000  cannot apply in retail or HNI category in Normal category.In case someone apply for more than 200000 in shareholder category and further apply in any other category, then his/her both application will be treated as multiple bid and summarily rejected.

But if some one applies in shareholder quota upto Rs. 200000 and further applies in other categories say either retail or HNI, his/her both application will be treated separately and both would be eligible for allotment.Further more the quota is not small since total issue size is huge that is more than Rs 6000 crore. The quota is for 18,134,105 Equity Shares for ICICI bank shareholders and if we see it in value at upper band it comes out to be more than Rs 605 crore.


ICICI Prudential IPO Facts

  • ICICI Bank owns 68% and it is selling 12.65% stake though this IPO.
  • Britain Prudential PLC, which owns nearly 26% of the company, is not selling any of its stake in the IPO.
  • Company has 121016 insurance agents and has over 4500 branches with Bank partners.
  • Company have over Rs 1.04 trillion of assets under management, making them one of the largest fund managers in India.
ICICI Prudential reasons to invest

  • Generates very high profits of over 91% in last 3 years. However, profits for the insurance company would fluctuate very high as they depend on the claims during the year.
  • Consistent Leadership across Cycles in insurance field.
  • Delivering Superior Customer Value. Many believe in the strong brand value of ICICI Pru Life
  • Diversified Multi-channel Distribution Network
ICICI Prudential market share

ICICI Prudential Financial details



Dont't miss to invest in this block buster IPO. If you are a shareholder of ICICI bank then you have high probability of getting IPO share allocated!
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Location: Mumbai, Maharashtra, India

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