ICICI Prudential IPO Launch Date, Price Band & Share Price

By | September 17, 2016

ICICI Prudential Life Insurance Company Limited, a leading private life insurer in India, is coming out with an initial public offering (IPO) of Rs. 5440.23 to Rs. 6056.79 crore. The issue is priced in a band of Rs. 300 to Rs. 334 per share. In this article I will share the key details of ICICI Pru Life IPO.

About ICICI Pru Life

IPLIC was the largest private sector life insurer in India by total premium in FY2016 and by assets under management as of March 31, 2016. The company is a joint venture between ICICI Bank, India’s largest private sector bank in terms of total assets with an asset base of Rs. 7.2 trillion as of March 31, 2016, and Prudential Corporation Holdings Limited, part of the Prudential Group, an international financial services group with GBP 509 billion of assets under management as of December 31, 2015.

The issue opens on September 19, 2016 and closes on September 21, 2016.

Complete Details of ICICI Pru IPO Issue

  • Issue opens on : September 19, 2016
  • Issue closes on : September 21, 2016
  • Price band : Rs. 300-Rs. 334 per share
  • Minimum order quantity : 44 shares and multiples of 44 thereafter
  • Issue size : Rs. 5440.23 – Rs. 6056.79 crore
  • Offer size : 181,341,058 shares
  • Reservation for ICICI Bank shareholders : Reservation of up to 18,134,105 equity shares of face value of Rs 10 each
  • Listing on : BSE, NSE

For more details, please refer to the ICICI Pru Life IPO prospectus link here.

Company Financial Data

ParticularsFor the year/period ended (in Rs. Million)
Total Assets1,025,637.0990,573.2801,027.5740,839.2716,880.0
Total Revenue18,122.416,775.516,607.121,910.518,244.6
Profit After Tax (PAT)16,527.216,403.515,613.515,154.113,856.9

Should I invest in ICICI Pru Life IPO?

Personally I am not an IPO expert or have enough knowledge on IPOs so far. But recently I have started reading and understanding how they actually work. I am planning to invest in this IPO for the first time and reason behind this is the robust structure & company profile of ICICI Pru Life. They are one of the largest company in insurance sector if you forget about LIC of India. And I think this kind of IPO in this insurance sector is also the first one.

Although there could be many negatives like in future how company will perform, any IRDA or insurance rule which may impact company performance or any competitor may give huge challenge etc. But still I am thinking to give it a try as per my understanding. I believe investing in IPO will depending on your risk profile only. Don’t listen to anyone if you are not able to handle the ups & down of this segment.

I would like to hear from your side about this IPO and what is your plan or feedback. Do share that by writing a simple comment below. I will be sharing more updates on upcoming IPOs here. Subscribe for more updates for free.

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