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Open
19 Sep 2016
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Close
21 Sep 2016
3
Allotment
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Listing
Thu, Sep 29, 2016
Price Band
₹300 to ₹334
Issue Size
18,13,41,058 shares (agg. up to ₹6,057 Cr)
Lot Size
44 Shares
Listing Date
Thu, Sep 29, 2016
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 7.88x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To achieve the benefits of listing the Equity Shares of our Company on the Stock Exchanges and to carry out the sale of 181,341,058Equity Shares by the Promoter Selling Shareholder |
About ICICI Prudential Life IPO
Incorporated in 2001 as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, ICICI Prudential Life Insurance Company Ltd is a Mumbai based largest private sector life insurer in India. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.ICICI Prudential Life offer a range of life insurance, health insurance and pension products and services to its customers. ICICI Prudential offers the products and services through an extensive multi-channel sales network across India, including through the branches of bank partners, individual agents, corporate agents, employees, offices and its website.Company has a market share of 11.3% on a retail weighted received premium basis in India. Among the 23 private sector life insurance companies in India, Company has a market share of 21.9% on a retail weighted received premium basis. Visit chittorgarh.com for more detail.IPO Highlights (As of March 31, 2016):1. ICICI Bank owns 68 percent of the company and selling 12.65% stake though this IPO.2. At the upper end of the price band, IPO will raise over Rs 6000 Cr.3. Britain's Prudential PLC, which owns nearly 26% of the
Contact Details
ICICI Prudential Life Insurance Co.Ltd. AddressICICI PruLife Towers1089, Appasaheb Marathe MargPrabhadeviMumbai, Maharashtra, 400025+91 22 4039 1600investor@iciciprulife.comVisit Website