Forthcoming IPO_Matrimony.com Limited

Matrimony.com Limited IPO (Matrimony IPO) Detail

Issue Detail:

Issue Open Date Sept 11th , 2017 Price Band : Rs 983 – Rs 985  
Issue Open Date Sept 13th , 2017 Minimum Bid Qty : 15  

Discount to Retail Investors

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

Objective :

The Offer consists of a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.

Offer for Sale

Company will not receive any proceeds from the Offer for Sale.

Objects of the Fresh Issue

  1. Advertising and business promotion activities;
    2. Purchase of land for construction of office premises in Chennai;
    3. Repayment of overdraft facilities; and
    4. General corporate purposes.

 

Business Description : 

Incorporated in 2001, Matrimony.com is engaged in providing online matchmaking and marriage services. They offers their services through Internet and mobile platforms in India and internationally.

They are one of the first companies to provide online matchmaking services in India, having database comprising 3.08 million active profiles (being profiles that have been published or logged in at least once during the prior 180 day period). They offer a range of targeted and customized products and services that are tailored to meet the specific requirements of customers based on their religious or caste preferences or other criteria such as marital status and age bracket.

As of June 30, 2017, they had 140 retail centre’s distributed across India where customers can walk in and register on their websites. its flagship brand, Bharat Matrimony, has 15 language based domains under its umbrella. They also have other portals like Elite Matrimony, Community Matrimony, Matrimony Directory, Matrimony Photography, Matrimony Bazaar, Matrimony Directory and Matrimony Mandaps.

Company Promoters:

Murugavel Janakiraman is the Promoter of the Company.

Company Financials:

Particulars

For the year/period ended (in Rs. million)

31-Mar-17

31-Mar-16 31-Mar-15 31-Mar-14

31-Mar-13

Total Assets

1,193.62 1,238.46 1031.90 830.76 902.97

Total Revenue

2,929.30 2,554.29 2,428.41 2,073.14

1,887.83

Profit After Tax

437.83 (750.55) (29.04) (91.35)

104.35

 

Company Contact Information :

Matrimony.com Limited
 TVH Beliciaa Towers,
 Tower II, 10th Floor, No. 94,
 MRC Nagar, Mandaveli, Chennai - 600028
 Phone: +91 44 2463 1500
 Fax: +91 44 2463 1777
 Email: compliance @matrimony.com
 Website: http://www.matrimony.com

IPO Registrar :

Karvy Computershare Private Limited 
    Karvy House, 46, Avenue 4, Street No. 1,
    Banjara Hills, Hyderabad - 500 034
    Andhra Pradesh, India
 
 Phone: +91-40-23312454
 Fax: +91-40-23311968
 Email: einward.ris@karvy.com
 Website: http://karisma.karvy.com

IPO Lead Manager(s) :

  1. Axis Capital Limited
  2. ICICI Securities Limited

 

Forthcoming IPO_ Cochin Shipyard Ltd

Cochin Shipyard Ltd IPO (Cochin Shipyard IPO) Detail

Issue Detail:

Issue Open Date Aug 1st , 2017 Price Band : Rs 424 – Rs 432  
Issue Open Date Aug 3rd , 2017 Minimum Bid Qty : 30  

Discount of Rs 21 is offered to RII and Employee. Discounted price band is Rs 403 – Rs 411 for Retail and Employee.

Objective :

Company proposes to utilize the Net Proceeds towards funding of the following objects:

  1.  Setting up of a new dry dock within the existing premises of the Company (“Dry Dock”);
  2.  Setting up of an international ship repair facility at Cochin Port Trust area (“ISRF”); and
  3. General corporate purposes.

 Business Description :

 Incorporated in 1969, Cochin Shipyard Limited is one of the largest public sector shipyard in India in terms of dock capacity. They operates a shipyard that provides shipbuilding and ships/offshore structures repair services.

Cochin Shipyard’s shipbuilding activities include the construction of vessels for clients operating in the defense and in the commercial sector shipping industry. In addition to shipbuilding and ship repair, they also offers marine engineering training programs as well as offer additional courses, including six months practical training for marine engineering students from colleges affiliated to universities, fire prevention and firefighting, and elementary first aid training through its marine engineering training institute; and chemical, mechanical, and non-destructive testing services of metals, welds, and alloys.

They have built and delivered vessels across broad class ifications including bulk carriers, tankers, Platform Supply Vessels (“PSVs”), Anchor Handling Tug Supply vessels (“AHTSs”), barges, bollard pull tugs, passenger vessels and Fast Patrol Vessels (“FPVs ”). They are currently building India’s first Indigenous Aircraft Carrier (“IAC”) for the Indian Navy.

Company Promoters:

The President of India is the promoter of the company. The Promoter along with its nominees, currently holds 100% of the pre-Issue paid-up equity share capital of the Company.

Company Financials:

Particulars

For the year/period ended (in Rs. Million)

31-Mar-17

31-Mar-16

31-Mar-15

Total Assets

33,164.37 33,488.61 28,912.85
Total Revenue 22,085.01 20,968.81

16,604.52

Profit After Tax 3,121.82 2,917.52

692.82

 

Company Contact Information :

Cochin Shipyard Ltd
Administrative Building,
Cochin Shipyard Premises,
Perumanoor, Kochi – 682015
Phone: +91 (484) 2501306
Fax: +91 (484) 2384001
Email: secretary@cochinshipyard.com
Website: http://www.cochinshipyard.com

IPO Registrar :

Link Intime India Private Ltd
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: sis.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

 

IPO Lead Manager(s) :

  1. Edelweiss Capital Limited
  2. JM Financial Consultants Private Limited
  3. SBI Capital Markets Limited

 

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Forthcoming IPO_ Security and Intelligence Services (India) Ltd

Security and Intelligence Services (India) Ltd IPO Detail

Issue Detail:

Issue Open Date

Jul 31, 2017

Price Band :

Rs 810 – Rs 815

Issue Open Date

Aug 2, 2017

Minimum Bid Qty :

18

 

Issue Split Detail:

Category

Allocation

QIB

75%

NIB

15%
Retail

10%

Total

100%

 

Objective :

  1. Repayment and pre-payment of a portion of certain outstanding indebtedness availed by the    Company
  2. Funding working capital requirements of the Company; and
  3. General corporate purposes.

Business Description :

 Incorporated in 1985, Security and Intelligence Services (India) Limited provides private security and facility management services in India and Australia. They offers cash logistics; security services, including manned guarding, cash logistics, and electronic security; and facility management services, such as mechanized cleaning, and pest and termite control services.

SiS servers customers that operate in various industries and sectors, which include banking and financial services, IT/ITeS and telecom, automobile, steel and heavy industries, governmental undertakings, hospitality and real estate, utilities, educational institutions, healthcare, consumer goods, engineering, and construction.

SIS Group is present across all the 29 states in India. They have joint ventures with affiliates of Prosegur Compañía de Seguridad, S.A and Terminix International Company, L.P. (“Terminix”), a multi-national provider of termite and pest control services.

Company Promoters:

  1.  Ravindra Kishore Sinha; and
  2.  Rituraj Kishore Sinha

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. Million)
31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 5,173.28 4,393.85 3,629.42 3,038.69 2,370.46
Total Revenue 12,873.22 10,562.87 8,244.94 5,826.73 4,648.84
Profit After Tax 339.08 246.38 332.15 298.93 110.53

 

Company Contact Information :

Security and Intelligence Services (India) Ltd
Annapoorna Bhawan,
Telephone Exchange Road,
Kurji, Patna 800 010
Phone: +91 612 226 6666
Fax: +91 612 226 3948
Email: compliance@sisindia.com
Website: http://www.sisindia.com

SiS IPO Registrar :

Link Intime India Private Ltd
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: sis.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

 

SiS IPO Lead Manager(s) :

1. Axis Capital Limited
2. ICICI Securities Limited
3. IDBI Capital Market Services Limited
4. IIFL Holdings Limited
5. Kotak Mahindra Capital Company Limited
6. SBI Capital Markets Limited
7. Yes Securities (India) Limited

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Forthcoming SME IPO_Jigar cables Ltd

SME IPO : Jigar cables Ltd

Issue Opens 18-Jul-17
Issue closes 20-Jul-17
Issue Price 30
Issue Size 559.20 lakhs
Lot Size 4000
Platform BSE SME
Lead Manager Pantomath capital Advisors Pvt Ltd
Registrar Bigshare Services Pvt Ltd

Regd. office: Plot no. 164/14 & 15 Jamwadi, GIDC Gondal, Rajkot-360311

Object of the Issue:

  1. Repayement of Borrowings either in full or part borrowings
  2. Working Capital requirements
  3. General corporate borrowings

Financials:

Particulars 16-17 15-16 14-15 13-14 12-13
total Assets 1084.27 1080.57 810.95 851.77 728.2
tottal reveue 1463.75 936.38 805.14 1013.72 1508.3
PAT 8.38 0.64 -0.21 2.53 2.39
DEBT 503.92 538.32 620.56 523.39 282.04

Profile of the Company:

The company is engaged in the business of manufacturing of wires & cables in India under the Brand name SIGMA. Pre Incorporation the company used to be the partnership firm in the Gondal, Rajkot. under the name of Jigar Industries.

For more details Contact us

SME IPO_Univastu India Limited

 

Issue Open Date 14-Jul-17 Price 40
Issue Close Date 19-Jul-17 Lot Size 3000
Issue Size 5.99 crores

Objects of the Issue:

1. Augmenting additional working capital requirements

2. Purchase of Equipment & Tools

3. General Corporate Purposes

Profile of  the Company:

The Company  isan ISO 9001:2015 certified construction company and they provide integrated engineering, procurement and construction services (EPC) for civil & Structural construction and infrastructure sector projects. The Company was incorporated on April 29, 2009. and they started construction activities in the same year. The Registered Office of our Company is situated at Pune and currently Project Sites are mainly located in Maharashtra and Goa. Currently the construction activity being undertaken by us includes civil & Structural construction and infrastructure contracts which have been sub contracted to us by main contractors. The Company is also engaged in trading of Construction material

Financials:

Particulars(‘in lakhs) 16-17 15-16 14-15 13-14 12-13
Total Assets 2697.21 2155.56 3181.65 1426.89 700.26
Total Revenue 4355.69 2415.98 2466.12 2050.05 1212.69
PAT 127.11 66.25 68.76 58.26 33.88

 

Lead Manager : INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED

Registrar : BIGSHARE SERVICES PRIVATE LIMITED

ONGOING PROJECTS:

Sr. 

No. 

Name of Project

 (‘in lakhs)

Project 

Cost 

Project Cost 

Completed till 

31st May 2017 

Balance 

work in

 Hand 

1 Construction of 100 Bed Hospital

at Survey No.1 Res. No. 431 at Bhosari, Pune.

1,858.30 1,713.71 144.59
2 Construction of New Market Complex,

Marriage hall, Conference hall and Joggers Park

at Porvorim, Goa.

2,091.10 739.62 1,351.48
3 Construction of Flower

Trading Centre at Market Yard, Gultekadi, Pune.

4,862.84 840.12 4,022.72
4 Construction of Pavillion on west side Changing rooms,

Office, VIP Dias, Gymnasium at Assagao, Bardez, Goa.

405.96 110.72 295.24
5 Construction of Administrative Building, at Pune. 1,587.38 463.74 1,123.64
6 Construction of Residential Projects Unicon

Nakshtra at Talegaon State

2,132.40 0.00 2,132.40
Total  12,937.97  3,867.91  9,070.07 

 

for any Query Please feel free to contact us

 

Forthcoming IPO_Tejas Networks Limited

Tejas Networks Ltd.
Issue Open Date 14-Jun-17
Issue Closing Date 16-Jun-17
Price Band (Rs.) 250 – 257
Minimum Bid Quantity. 55
Issue Size (Shares) 30711605
Market Lot 1

Objects of the Issue:

The Offer comprises the Fresh Issue and the Offer for Sale.

1. Offer for Sale – The company will not receive any proceeds from the Offer for Sale.

2. Fresh Issue – Company proposes to utilize the Net Proceeds towards funding the following objects:

A. Capital expenditure towards payment of salaries and wages of research and development team;
B. Working capital requirement; and
C. General corporate purposes.

Business Description :

Tejas Networks Limited Logo

Incorporated in year 2000, Tejas Networks Ltd is Bangalore cartier mens bracelet leather
based optical and data networking products company. Trjas design, develop and sell products to telecommunications service providers, internet service providers, utility companies, defense companies and government entities in India and over cartier love bracelet 60 countries. These products are used in building high-speed communication networks to carry voice, data and video traffic from fixed line, mobile and broadband networks over optical fiber.

Tejas Networks build hardware and software products related to optical and data networking. The hardware is build using modular approach and the software-defined architecture allows the company to remotely upgrade the hardware with new capabilities and features. Tejas Networks outsource most of its manufacturing to electronics manufacturing services companies.

Tejas Networks offer pay-as-you-grow business model where its clients purchase its products/services incrementally as needed.

Tejas Networks Ltd have filed 326 patent applications, with 198 filings in India, 87 filings in the United States and 6 filings in Europe, out of which 47 patents have been granted.

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. Million)
31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 8,383.03 7,280.56 7,452.00 6,563.40 6,397.81
Total Revenue 6,274.57 3,868.26 4,230.55 3,692.71 2,014.22
Profit After Tax 290.05 (178.66) 27.77 (790.43) (928.90)

Company Contact Information

Tejas Networks Limited
J.P. Software bracelet replica cartier Park, Plot No. 25,
Sy.No. 13, 14, 17 & 18, Konnapana Agrahara Village
Begur Hobli, Bengaluru 560 100
Phone: +91 80 4179 4600
Fax: +91 80 2852 0201
Email: corporate@tejasnetworks.com
Website: http://www.tejasnetworks.com/
 

Tejas Networks IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: tnl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Tejas Networks IPO Lead Manager(s)

 

Kindly contact cartier love bangle 079 66664040 for IPO subscription

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Forthcoming IPO_Housing & Urban Development Corporation Ltd.

Housing & Urban Development Corporation Ltd.
Issue Open Date 08-May-17
Issue Closing Date 11-May-17
Application Money 100
Allotment Money
Price Band (Rs.) 56 – 60
Minimum Bid Quantity. 200
Issue Size (Shares) 204058747
Market Lot 1
Objective :
The objects of the Offer are: (i) to carry out the disinvestment of 200,190,000 Equity Shares by the Selling Shareholder constituting 10% of our Company’s pre-Offer paid up Equity Share capital our Company; and (ii) to achieve the benefits of listing the Equity Shares on the Stock Exchanges. Our Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder.

Business Description :

Our Company is a wholly-owned Government company with more than 46 years” experience in providing loans for housing and urban infrastructure projects in India. We have been conferred the status of

Miniratna (Category-I Public Sector Enterprise) by the GoI. As at September 30, 2016, our total sanctioned loans since our inception was ` 1,570,870.0 million, ` 612,305.4 million of which, or 38.97%, were Housing Finance (as defined below) loans and ` 958,573.2 million of which, or 61.02%, were Urban Infrastructure Finance (as defined below) loans. As at September 30, 2016, our total outstanding Loan Portfolio was ` 361,119.3 million, ` 112,951.1 million of which, or 31.28%, were Housing Finance loans and ` 248,168.2 million of which, or 68.72%, were Urban Infrastructure Finance loans and project-linked bonds.

Address
Hudco Bhawan
India Habitat Centre
Lodhi Road
New Delhi ,
Delhi ,
110003
Phone :

91-011-24627113-15
Email :

hudco1970@gmail.com
Website :

www.hudco.org

Registrar
Alankit Assignments Ltd
205-208
Anarkali Complex
Jhandewala Extension

New Delhi

Listed at
BSE, NSE
Lead Manager
ICICI Securities Ltd
IDBI Capital Markets & Securities Ltd. (Formerly known as IDBI Capital Market Services Ltd.)
Nomura Financial Advisory & Securities (India) Pvt Ltd.
SBI Capital Markets Ltd
Promoters
Government of India & Ministry Of Urban Development
Ministry Of Rural Development
President Of India

 

 

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Forthcoming IPO_S Chand And Co Ltd.

S Chand And Co Ltd.
Issue Open Date 26-Apr-17
Issue Closing Date 28-Apr-17
Application Money 100
Allotment Money
Price Band (Rs.) 660 – 670
Minimum Bid Quantity. 22
Issue Size (Shares) 10947478
Market Lot 1
Objective :
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:1.Repayment of loans availed by our Company and one of our Subsidiaries, EPHL, which were utilized towards funding the acquisition of Chhaya;2. Repayment/prepayment, in full or in part, of certain loans availed of by our Company and certain of our Subsidiaries, VPHPL and NSHPL3. General corporate purposes.
Business Description

We are a leading Indian education content company in terms of revenue from operations in Fiscal 2016. (Source :Nielsen Research Report). We deliver content, solutions and services across the education lifecycle through our K-12, higher education and early learning segments. We are the leading K-12 education content company in terms of revenue from operations in Fiscal 2016, according to Nielsen, with a strong presence in the CBSE/ICSE affiliated schools and increasing presence in the state board affiliated schools across India. As of December 31, 2016, weoffered 55 consumer brands across knowledge products and services including S. Chand, Vikas, Madhubun,Saraswati, Destination Success and Ignitor. We believe that these brands have benefited by our strong brand management philosophy which embraces consistent efforts to upgrade content quality and to update contentregularly. Further, in December 2016, we acquired 74% of the outstanding share capital of Chhaya PrakashaniPrivate Limited (our  ?Chhaya  Acquisition?), and we now offer four Chhaya brands including Chhaya and IPP. Our text books and instructional

materials are supported by our offering of technology driven methods of education and digital learning. We sell our knowledge products and services to schools and to students across their life cycle through our extensive pan-India network of sales offices, distributors and dealers. In Fiscal 2016, we sold 35.47 million copies of a total of 11,144 titles. Additionally, Chhaya sold 9.88 million copies of 433 titles in Fiscal 2016. Our top ten best-selling titles accounted for sales in Fiscal 2016 of 2.96 million copies, and 15 of our authors have each sold over one million copies of their titles during the last five fiscal years. We have a contractual relationship with at least 1,958 authors (including co-authors) for over five years as on March31, 2016. Additionally, Chhaya has contractual relationships with at least 24 authors (including co-authors) for over five years as on March 31, 2016. We use our track record of progressing authors‘ careers and providing on-going editorial team support to authors for creating new products and solutions and refreshing existing products to help usretain and attract the best authors. As of December 31, 2016, our distribution and sales network (not including Chhaya) consisted of 4,932 distributors and dealers, and we had an in-house sales team of 838 professionals working from 52 branches and marketing offices across India. Our Chhaya Acquisition has expanded our presence in Eastern India to include an additional771 distributors and dealers as of December 31, 2016. We consider our schools, teachers and student customers to be our ?touch points?, and our sales teams are responsible for forging relationships with our customers across our K-12, higher education and early learning businesses. In our K-12 business, we market our content to educators and schools to place our products on prescribed and recommended reading lists. In higher education and early learning, we market our products directly to distributors, dealers and consumers.

Lead Manager :

Axis Capital Ltd.
Credit Suisse Securities (India) Pvt Ltd.
JM Financial Institutional Securities Ltd

 

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Forthcoming IPO_HPL Electric and Power Limited

HPL Electric & Power Ltd.
Issue Open Date 22-Sep-16
Issue Closing Date 26-Sep-16
Application Money 100
Allotment Money
Price Band (Rs.) 175 – 202
Minimum Bid Quantity. 70
Issue Size (Shares) 20628571
Market Lot 1
Objective :
The Net Proceeds are proposed to be utilized by our Company for the following objects: (a)Repayment/ prepayment of certain indebtedness; (b)Funding working capital requirements; and(c)General corporate purposes.

Business Description :

We are an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, including, metering solutions, switchgears, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry. We had the largest market share in the market for electricity energy meters in India in fiscal 2015, with one of the widest portfolios of meters in India and the fifth largest market share for LED lamps during the corresponding period (Source: Frost & Sullivan Report, February 2016). Our manufacturing capabilities are supported by a large sales and distribution network with a pan-India presence. We currently manufacture and sell our products under the umbrella brand ‘HPL’, which has been registered in India since 1975. We supply our products through a network of authorised dealers or distributors to institutional, non-institutional and corporate customers. We supply switch gears, lighting

equipment and wires and cables, primarily through our pan-India authorised dealer network, which comprised of over 2,400 authorised dealers or distributors as on March 31, 2016, from our warehouses located in 21 states and union territories in India that are managed by our carrying and forwarding agents. Our authorised dealers or distributors further sell our products to over 15,000 retailers in India. In addition, we supply our products to Power Utilities, which primarily includes supply of meters under direct contractual arrangements to electricity boards and power distribution companies, as well as through project contractors. Further, we supply our portfolio of products to developers of residential and commercial building projects, OEMs and to industrial customers through a mix of direct sales and supply through our authorised dealer network. Our sales and marketing activities are managed through over 90 branch offices and representative offices in India as on March 31, 2016. We believe that our research and development capabilities have enabled us to keep abreast of technological developments in the electric equipment industry. We have a strong focus on consistently upgrading the technology that is used in our products and the processes used in manufacturing thereof, through our continuing research and development efforts. We have established two in-house research and development centers, the Kundli R&D Centre and the Gurgaon R&D Centre. Our research and development efforts include design and development of all types of energy metering solutions, including interactive communication between metering devices and metering infrastructure that includes AMR and AMI, prepayment metering solutions, solar net metering solutions, smart meters with two way communication and a complete range DLMS compliant meters, amongst others, and technologies and solutions that allow for active monitoring of energy consumption for electric equipment. For instance, we have developed a street lighting system that helps in saving manpower through automatic settings for sunset and sunrise timings and remote energy metering and dimming of such lights during off-peak hours to save energy

Lead Manager :

  • ICICI Securities Ltd
  • IDFC Bank Ltd.
  • SBI Capital Markets Ltd

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Forthcoming IPO_ICICI Prudential Life Insurance Company Limited

ICICI Prudential Life Insurance Company Ltd.
Issue Open Date 19-Sep-16
Issue Closing Date 21-Sep-16
Application Money 100
Allotment Money
Price Band (Rs.) 300 – 334
Minimum Bid Quantity. 44
Issue Size (Shares) 181341058
Market Lot 1
Objective :
The objects of the Offer are to achieve the benefits of listing the Equity Shares of our Company on the Stock Exchanges and to carry out the sale of up to 181,341,058 Equity Shares by the Selling Shareholder. The listing of the Equity Shares will enhance the “ICICI Prudential” brand name and provide liquidity to the existing shareholders. The listing will also provide a public market for the Equity Shares in India.

Business Description :

We were the largest private sector life insurer in India by total premium in fiscal 2016 and assets under management at March 31, 2016. We are a joint venture between ICICI Bank Limited, India’s 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. We were one of the first private sector life insurance companies in India and commenced operations in fiscal 2001. We offer our customers a range of life insurance, health insurance and pension products and services. Every fiscal year since fiscal 2002, we have consistently generated the most new business premiums on a retail weighted received premium basis among all private sector life insurers in India. The Indian life insurance sector was the tenth largest life insurance market in the world and the fifth largest in Asia in terms of total premiums in 2016, according to Swiss Re, sigma No 3/2016. The Indian economy is one of the fastest growing large economies in the world, with a GDP growth rate of 7.3% (in real terms) in fiscal 2016 and a household savings rate of 19.1% of GDP in fiscal 2015, according to CRISIL Research, Life insurance industry report, July 2016. We expect these macroeconomic factors, coupled with India’s large and young population, rapid urbanisation and rising affluence to propel the growth of the Indian life insurance sector. In fiscal 2016, our market share, on a retail weighted received premium basis,

among all insurance companies in India (public and private sector) was 11.3%, as compared with a market share of 9.7% for our nearest private sector competitor. Among the 23 private sector life insurance companies in India, we had a market share, on a retail weighted received premium basis, of 21.9% in fiscal 2016.A customer-centric culture that spans all aspects of our business is a key element of our strategy. We offer a range of products to cater to the specific needs of customers in different life stages, enabling them to meet their long-term savings and protection needs. We offer our customers access to our products and services through an extensive multi-channel sales network across India, including through the branches of our bank partners, individual agents, corporate agents, our employees, our offices and our website. As of March 31, 2016, we had 121,016 individual agents. As of July 12, 2016, our bank partners had over 4,500 branches. We believe we are at the forefront of leveraging technology in the Indian life insurance sector, with our focus on digitisation and transformation of sales, customer on-boarding and internal processes. We believe that our focus on technology has enriched customer experience and enhanced the productivity of our employees and distributors. In fiscal 2016, our gross premium income was ` 191.64 billion, which comprised ` 49.24 billion of retail new business regular premium, ` 4.32 billion of retail new business single premium, ` 119.95 billion of retail renewal premium and ` 18.13 billion of group premium. Our 13th month persistency ratio in fiscal 2016 was 82.4%, which was one of the highest in the sector. At March 31, 2016, we had ` 1.04 trillion of assets under management, making us one of the largest fund managers in India. Of these, 72.4% were in linked assets. Funds representing 92.9% of our linked assets with identified benchmarks at March 31, 2016 had performed better than their respective benchmarks since inception. Our expense ratio of 14.6% for fiscal 2016 was also one of the lowest among the private sector life insurance companies in India. Our Company has an established track record of delivering annual returns to shareholders. Our profit after tax was ` 16.53 billion in fiscal 2016 and our return on equity has exceeded 30% for each year since fiscal 2012. We have a strong capital position with a solvency ratio of 320.0% at March 31, 2016 compared to the IRDAI-prescribed control level of 150.0%. Our business has not received a shareholder capital injection since fiscal 2009 and our Company has paid annual dividends since fiscal 2012. Our Company has paid cumulative dividends (exclusive of dividend distribution tax) of ` 40.32 billion since fiscal 2012. Our value of new business grew from ` 2.70 billion in fiscal 2015 to ` 4.12 billion in fiscal 2016, representing an increase of 52.6%. Our Indian embedded value at March 31, 2016 was ` 139.39 billion. Our Company also 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.

Lead Manager :

CLSA India Ltd
Deutsche Equities India Pvt Ltd
DSP Merrill Lynch Ltd
Edelweiss Financial Services Ltd
HSBC Securities & Capital Markets (India) Pvt Ltd
ICICI Securities Ltd
IIFL Holdings Ltd.
JM Financial Institutional Securities Ltd.
SBI Capital Markets Ltd
UBS Securities India Pvt Ltd

 

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