Thursday, 10 August 2017

ICICI LOMABRAD GENERAL INSUARNCE – IPO DRAFT FILLED WITH SEBI


ICICI LOMABRD GENERAL INSURANCE COMPANY LIMITED, incorporated in Year 2000, is a Joint Venture between ICICI Bank Limited and Fairfax Financial Holdings Limited, a Canada based diversified financial services company. ICICI Lombard provides all types of insurance services to customers across the country and beyond with its 257 no. of branches as on March 2016. ICICI Lombard enjoys market share of 8.4% in 2017 under Non- Life Insurance segment.

Valuation of the company has almost increased by 20% since 2016 when Fairfax had bought 9% stake from ICICI Bank on FDI approval at valuation of 17000+ crs and today Fairfax is selling 12.18% stake valuing the company at 20,300 crs.

ICICI Lombard General Insurance has filled IPO draft with SEBI on 17th July, 2017. ICICI Lombard IPO is a pure offer for sale from promoter’s i.e ICICI Bank – offering 31,761,478 shares and Fairfax – offering 54,485,709 shares. 




The Two key reason for Listing of ICICI Lombard General Insurance:
  1. Bull strike in Stock Market which shall fetch the company good valuation
  2. Fairfax is keen to promote its new general insurance company, and as per the rule a foreign entity cannot hold more than 10% in two general insurance companies at the same time.


RESULT HIGHLIGHTS FOR YEAR ENDED MARCH 2017   - (Fig. In Crs)

PARTICULAR
MARCH 2017
MARCH 2016
NET PREMIUM
6163.61
4821.62
TOTAL INCOME
1018.49
722.09
PAT
701.88
507
EPS
15.66
11.35
RESERVES
3271.14
2728.11
INVESTMENT
15078
11562
RONW (%)
19%
16%
NET EARNING (%)
11%
11%
SOLVENCY RATIO
2.10X
1.82X



For buying and selling any unquoted / unlisted / delisted or suspended shares in physical or demat you can reach us at Contact No.91+ 09215709100 or Email us on mittalmanish2003@gmail.com









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