ICICI Lombard General Insurance Company Ltd IPO Detail
Issue Open Date
|Sept 15th , 2017||Price Band :||Rs 651 – Rs 661|
|Issue Open Date||Sept 19th , 2017||Minimum Bid Qty :||
Objects Of The Issue :
The objects of the Offer are:
- To achieve the benefits of listing the Equity Shares of the Company on the Stock Exchanges;
2. To carry out the sale of up to 86,247,187 Equity Shares by the Selling Shareholders; and
3. Enhance the “ICICI Lombard” brand name and provide liquidity to the existing shareholders.
Business Description :
Incorporated in 2000, ICICI Lombard General Insurance Company Ltd founded as a joint venture with ICICI Bank Limited, is engaged in providing various general insurance products and services in India. They mainly offers fire, engineering, hull, aviation, motor, casualty, health, travel, energy, personal accident, marine, liability, home, rural, and credit insurance products and services.
They also provides reinsurance, insurance claims management, and investment management services. They were the largest private sector non life insurer in India based on gross direct premium income in fiscal 2017. They offer comprehensive and well diversified range of products including motor, health, crop/weather ,fire ,personal accident, marine, engineering and liability insurance through multiple distribution channels.
They provide services to conglomerates, small and medium enterprises, state and central governments or government-owned enterprises, rural customers, and individual customers through various channels, such as agents, brokers, bank assurance, telesales, direct alliances and online platforms.
- Consistent market leadership and demonstrated growth
2. Diverse product line with multi – channel distribution network
3. Robust risk selection and management framework
4. Focus on investments in technology and innovation
The Promoter of the Company is ICICI Bank
|Profit After Tax||6,418.2||5,053.4||5,853.2||5,200.7||
Company Contact Information :
ICICI Lombard General Insurance Company Ltd
ICICI Lombard House,
14, Veer Savarkar Marg, Near Siddhivinayak Temp.
Prabhadevi, Mumbai 400 025
Phone: +(91 22) 6196 1100
Fax: +(91 22) 6196 1323
IPO Registrar :
Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India
IPO Lead Manager(s) :
- Edelweiss Capital Limited
- JM Financial Consultants Private Limited