Must know facts before applying mighty ICICI Prudential IPO

icici prudential ipoICICI Prudential IPO is expected to be launched in this month of September 2016. The dates announced are Sept 19, 2016 to Sept 21, 2016 with a price band of Rs.300 – 334 per Equity share.  It is gong to be a fairly big IPO with its issue size of Rs.6000 crores approximately. Such sized IPO is launched after a long period of time in India capital market. ICICI Prudential Life Insurance Company is a Joint venture of ICICI and Prudential is among the largest private sector Insurance companies in India. We cover here various details like Price Band, Date, Company profile, Financials, Lead Manager details, registrar details, Subscription figures, Allotment and Listing.

The company has filed its Red Herring Prospectus (RHP) draft for initial public offering (IPO) with markets regulator Securities and Exchange Board of India (SEBI) to hit the capital market.The company aims to raise $745 million in the biggest local IPO in six years.

ICICI Bank which owns about 68% of the insurer, is likely to sell up to 181.34 million shares in the IPO. However, Britain’s Prudential PLC which holds  nearly 26 percent of ICICI Pru Life, is not selling any of its stake.

Company Profile: This company is incorporated as on July 20, 2000 at Mumbai in India. It is offering a range of life insurance, health insurance and pension products and services to its respective customers through an extensive multi-channel sales network across India, including through the branches of its bank partners, individual agents, corporate agents, employees, offices and website. The bank partners of company had over 4500 branches as per the record of July 12,2016. This company is a joint venture between ICICI Bank Limited which the 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.

icici pru ipoIn India , it is one of the largest private sector life insurer  with total premium in fiscal 2016 and assets under management at March 31, 2016. It is the first life insurance company in private sector and started its operation in fiscal 2001. The company  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.

Outlook of the company:-

  1. Consistent Leadership across Cycles
  2. Delivering Superior Customer Value
  3. Diversified Multi-channel Distribution Network
  4. Leveraging Technology
  5. Robust and Sustainable Business Model
  6. Strong Brand
  7. Experienced Senior Management Team

Purpose of the issue:-

  1. 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 181,341,058 Equity Shares by the Selling Shareholder.
  3. To enhance its brand name.
  4. To provide liquidity to the existing shareholders.
  5. To provide a public market for the Equity Shares in India.

Summary Of Issue:

Issue Open:-  Sep 19,2016 – Sep21,2016
Issue Type 100% Book Built Issue IPO
Issue Size (Shares) 181,341,058 Equity Shares of Rs. 10
Issue Size in (Value) Rs. [ 6059.79]Crore
Face Value Rs. 10 Per Equity Share
Issue Price Rs. 300 – Rs. 334 Per Equity Share
Market lots 44 Shares
Minimum Order Quantity 44 Shares
Listing At BSE, NSE

Promoters Of the Company:

1) ICICI Bank Of India:- ICICI Bank is registered with RBI as a banking company. It facilitates a wide range of banking and financial services including commercial banking and treasury operations. The equity shares of ICICI Bank are currently listed on BSE and NSE. The American depository shares (“ADS”) of ICICI Bank are listed on the New York Stock Exchange.

2) Prudential Corporation Holdings limited :- PCHL is engaged mainly to act as the holding company of the Prudential group’s insurance and asset management operations in Asia.


Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Liabilities 1,025,651.3 990,584.2 801,027.3 740,839.0 716,879.8
Total Assets 1,025,651.3 990,584.2 801,027.3 740,839.0 716,879.8
Total Revenue 18,098.7 16,746.4 16,518.8 21,893.2 18,234.4
Total Expenses 357.2 841.9 1,336.1 6,331.1 4,059.5
Profit After Tax (PAT) 16,530.4 16,402.2 15,624.4 15,155.2 13,857.3

Subscription figs for ICICI Prudential IPO

Shares Offered / Reserved Day 1 Day 2 Day 3
QIB 32,641,391                     0.06                     0.59                   11.83
NII 24,481,043                     0.04                     0.15                   28.55
RII 57,122,434                     0.25                     0.65                     1.42
Others 18,134,105                     0.20                     0.48                   12.20
Total 132,378,973                     0.16                     0.52                   10.48
All figs. in no.of Times

Allotment of ICICI Prudential IPO

The allotment  of IPO generally comes within a week from the IPO closure date. If you have applied for ICICI Prudential IPO, then you may check your status on the below given link with either PAN number or Application number or DP Client Id on the link given below.

All you need to follows are these steps.

  1. Go to the given link Allotment Status link here
  2. Select IPO as ICICI Prudential Life Insurance IPO
  3. Enter your PAN or Application No. or DP Client Id

It may take few seconds so be little patient. If you have not got the shares, please check the basis of allotment here on this link

Listing Date for ICICI Prudential IPO

Listing Date for ICICI Prudential Life Is expected to be by end of Sept or October beginning.

Lead Manager Details:

Global Co-Ordinators And Book Running Lead Manager 

DSP Merrill Lynch Limited

Ground Floor, A Wing, One BKC, G Block, Bandra Kurla Complex

Bandra (East), Mumbai 400 051

Tel: (91 22) 6632 8000   Fax: (91 22) 2204 8518


Investor grievance e-mail:


Contact person: Radha Chakka

SEBI registration number: INM000011625

ICICI Securities Limited

ICICI Center, H.T. Parekh Marg, Churchgate, Mumbai 400 020

Tel: (91 22) 2288 2460   Fax: (91 22) 2282 6580


Investor grievance e-mail:


Contact person: Amit Joshi / Ujjaval Kumar

SEBI registration number: INM000011179

Book Running Lead Manager:

CLSA India Private Limited

8/F Dalamal House, Nariman Point, Mumbai 400 021

Tel: (91 22) 6650 5050  Fax: (91 22) 2284 0271


Investor grievance e-mail:


Contact person: Sarfaraz Agboatwala

SEBI registration number: INM000010619

# Formerly CLSA India Limited

Deutsche Equities India Private Limited

The Capital, 14th floor, C -70, G Block, Bandra Kurla Complex, Mumbai 400 051

Tel: (91 22) 7180 4444   Fax: (91 22) 7180 4199


Investor grievance e-mail:


Contact person: Viren Jairath

SEBI registration number: INM000010833

Edelweiss Financial Services Limited

14th Floor, Edelweiss House, Off. C.S.T. Road, Kalina, Mumbai 400 098

Tel: (91 22) 4086 3535    Fax: (91 22) 4086 3610


Investor grievance e-mail:


Contact person: Pradeep Tewani

SEBI registration number: INM0000010650

HSBC Securities and Capital Markets (India) Private Limited

52/60, Mahatma Gandhi Road, Fort, Mumbai 400 001

Tel: (91 22) 2268 5555  Fax: (91 22) 2263 1284


Investor grievance e-mail:


Contact person: Mayank Jain/ Shreye Mirani

SEBI registration number: INM000010353

IIFL Holdings Limited

10th Floor, IIFL Centre, Kamala City, Senapati Bapat Marg, Lower Parel (West), Mumbai 400 013

Tel: (91 22) 4646 4600   Fax: (91 22) 2493 1073


Investor grievance e-mail:


Contact person: Gaurav Singhvi/ Pinak Bhattacharyya

SEBI registration number: INM000010940

JM Financial Institutional Securities Limited

7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025

Tel: (91 22) 6630 3030   Fax: (91 22) 6630 3330


Investor grievance e-mail:


Contact person: Lakshmi Lakshmanan

SEBI registration number: INM000010361

SBI Capital Markets Limited

202, Maker Tower ‘E’, Cuffe Parade, Mumbai 400 005

Tel: (91 22) 2217 8300   Fax: (91 22) 2218 8332


Investor Grievance e-mail:


Contact person: Gitesh Vargantwar

SEBI registration number: INM000003531

UBS Securities India Private Limited

2 North Avenue, Maker Maxity, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051

Tel: (91 22) 6155 6000   Fax: (91 22) 6155 6292


Investor grievance e-mail:


Contact person: Jasmine Kaur

SEBI registration number: INM000010809

Registrar Of The Company

Karvy Computershare Private Limited

Karvy Selenium Tower B, Plot 31-32 Gachibowli, Financial District Nanakramguda, Hyderabad 500 032

Tel: (91 40) 6716 2222   Fax: (91 40) 2343 1551


Investor grievance e-mail:


Contact person: M. Murali Krishna

SEBI registration number: INR000000221

Registered Office:

 ICICI Pru Life Towers, 1089, Appasaheb Marathe Marg, Prabhadevi,  Mumbai 400 025;

Tel: (91 22) 4039 1600;    Fax: (91 22) 6662 2031

Contact Person: Vyoma Manek, Company Secretary and Compliance Officer



Corporate Identity Number: U66010MH2000PLC127837

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