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ICICI Prudential Life Insurance IPO (ICICI Pru Life IPO) Details

ICICI Prudential Life Insurance IPO (ICICI Pru Life IPO)  Details:

ICICI Prudential Life Insurance Company Ltd. is one of the leading life insurance players in India. It has assets held over Rs. 100,000 Cr.

For the financial year 2015, the company garnered a total premium of Rs. 153.07 billion. The company has assets under management of Rs. 1001.83 billion as on March 31, 2015.

ICICI Prudential Life’s capital infused stands at Rs. 48.16 billion (as of March 31, 2015) with ICICI Bank Ltd. and Prudential plc holding 68% and 32% stake respectively.

ICICI Prudential Life Insurance IPO (ICICI Pru Life IPO) is expected to come in September month.


The objects of the Offer are:

  1. To achieve the benefits of listing the Equity Shares of Company on the Stock Exchanges.
  2. To carry out the sale of up to 181,341,058 Equity Shares by the Selling Shareholder.
  3. The listing of the Equity Shares will enhance the “ICICI Prudential” brand name and provide liquidity to the existing shareholders.
  4. The listing will also provide a public market for the Equity Shares in India.

Kindly note that Company will not receive any proceeds from the Offer.

ICICI Prudential Life Insurance IPO (ICICI Pru Life IPO) Details:

  1. Issue Open: September 19, 2016 – September 21, 2016
  2. Issue Type: 100% Book Built Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 181,341,058 Equity Shares of Rs 10 aggregating up to Rs 6056 Cr
  5. Issue Price: Rs. 300 – 334 Per Equity Share
  6. Market Lot: 44 Shares
  7. Minimum Order Quantity: 44 Shares
  8. Listing At: BSE, NSE

BOOK RUNNING LEAD MANAGERS of ICICI Prudential Life Insurance IPO (ICICI Pru Life IPO) :

  1. 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


2. 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


3. 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


4. 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


5. 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


6. SBI Capital Markets Limited

202, Maker Tower ‘E’ Cuffe Parade,

Mumbai 400 005

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


7. 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



of ICICI Prudential Life Insurance IPO (ICICI Pru Life IPO) :

  1. 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


2. ICICI Securities Limited

ICICI Center, H.T. Parekh Marg Churchgate

Mumbai 400 020

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


3. CLSA India Private Limited

8/F Dalamal House Nariman Point

Mumbai 400 021

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


REGISTRAR TO THE ICICI Prudential Life Insurance IPO (ICICI Pru Life IPO):

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


ICICI Prudential Life Insurance IPO (ICICI Pru Life IPO) Draft Red Herring Prospectus (DRHP) :

ICICI Prudential Life Insurance IPO (ICICI Pru Life IPO) Draft Prospectus

Market Update:

After RBL Bank IPO Bidding and RBL Bank IPO Allotment now RBL Bank IPO Listing also completed successfully. Yet another IPO giving good handsome listing gains to its investors.

Now next in pipeline are ICICI Prudential Life Insurance IPO and L&T Technology IPO which can hit market soon in September month.

5 SME IPO are either active for bidding or are planned within a week time including Mitsu Chem Plast Ltd IPO , Madhya Bharat Agro Products Ltd IPOSprayking Agro Equipment LtdNarayani Steels Ltd IPO and Spicy Entertainment And Media Ltd (SEML) . 

There are some good stocks in Pipeline this year including BSE itself coming with its own IPO. BSE will be selling its shares on index and traded on exchange.

Other some important IPO’s to looked upon are NSE IPO and HDFC Standard Life IPOetc.

So Keep watching this blog to keep yourself updated with all the news.

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