The ICICI Lombard IPO is creating a lot of buzz any views on it?


#1

Also does anybody have the numbers about the IPO


#2

Good entry into a nascent industry which has good growth prospects

But all the above at a high premium!


#3

@Abhijit_93 If you are planning to BUY ICICI Lombard from Listing point of view Dont BUY it Your Return will be not more than 20%.
But If You are planning to BUY for Long term or you can Hold for 1 year Go for it Your Return will be More Than 25%.

IF YOU WANT SHORT TERM PROFIT OF 20% BUY ‘‘Capacit’e Infra’’ YOU WILL GET THIS 20% RETURN ON THE LISTING DAY FOR SURE.

Capacit’e Infraprojects IPO oversubscribed 1.30 times on Day 1.


#4

Here are the numbers to take your call on the company.

ICICI Lombard issue opens on September 15 and closes on September 19. The company is issuing shares of face value 10 in the price band of Rs 651-661.

About ICICI Lombard
ICICI Lombard General Insurance Company is a joint venture between ICICI Bank and
Fairfax Financial. It is the largest private sector non-life insurer in India in terms of Gross Direct Premium Income (GDPI).
In FY17, ICICI Lombard issued 17.7 million policies. Its GDPI stood at Rs107.25bn, representing a market share of 8.4% among all non‐life insurers in India and 18.0% among private‐sector non‐life insurers.

In the three months ended June 30, 2017, the company issued ~5.2 million policies and its GDPI was Rs33.2bn, representing a market share of 10% among all non‐life insurers in India and 20.2% among private‐sector non‐life insurers in India, according to provisional IRDAI numbers.

Products and services
ICICI Lombard offers fire, engineering, hull, aviation, motor, casualty, health, travel, energy, personal accident, marine, liability, home, rural, and credit insurance products and services. It’s product mix also includes reinsurance, insurance claims management.

Product Mix
Motor OD 18.6%
Motor TP 20.8%
Health 26.9%
Crop 16.1%
Fire 7.5 %
Marine 2.3%
Other 7.8%
AUM (Rs bn)
FY15 102
FY16 115.6
FY17 150.8
3MFY18 164.5
Key Ratios
Particulars (%) FY14 FY15 FY16 FY17 3m FY18
GDPI growth 11.8 -2.6 21.2 32.6 15.3
PAT growth 47.4 12.5 -13.7 27 66
Retention Ratio 62.7 63.8 65.5 60.2 59.7
Net Commission Ratio -5.1 -7.8 -6 -6.6 -5.1
Loss Ratio 83.4 81.4 81.6 80.6 78.1
Expense of Management to NWP 33.6 38.1 37.9 36.7 36.1
Combined Ratio 105.3 104.9 107.1 104.1 102.4
Operating Profit Ratio 9.4 13 9.5 10.8 12.6
RoE (annualized) 21.7 20.3 15.6 17.2 21.9
Solvency 172 195 182 210 213

The size of the Indian non‐life insurance sector was Rs1.28tn on a GDPI basis as of 31st March 2017. Indian non‐life insurance sector GDPI grew at a CAGR of 17.4% between FY01 and FY17. According to Swiss Re, India was fifteenth largest market in the world and the fourth largest market in Asia in 2016, behind China, Japan and South Korea. India was also amongst the fastest growing non‐life insurance markets over 2011‐2016, growing at 14.5% (as per Swiss Re). Despite its size and growth profile, India continues to be an underpenetrated market.

Issue details
IPO size: Rs.5700 crores
Face value: Rs.10
Retail portion: 35%
Lot size: 22 shares and in multiples thereafter
Maximum subscription amount: Rs.2,00,000
Listing on: both NSE and BSE

IPO schedule
Basis of Allotment: September 22
Refund of application amount: September 25
Credit of shares to demat accounts: September 26
Listing: September 27

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Allotment details can be checked here.


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