IPO of ICICI LOMBARD- Valuation By Experts

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According to our estimates, fair value of the company lies between Rs. 300-380/share. We have often seen that a particular sector becoming favorite of the market and new listings take advantage of it to list at premium valuations. We are cautious on entire financial space as it underestimates risk of business model and we believe its not the right time to get aggressive at such peak valuations. ProfitAim Research focus in every stream of share market, as every updates or news affects the price movements of the stocks. Our market experts derive stock option tips and best option tips after proper market analysis.

Issue Date: Sep 15, 2017 – Sep 19, 2017

Face Value: INR 10 per equity share

Issue Type: Book Built Issue IPO

Issue Size: Offer for Sale of 8,62,40,000 shares

Issue Size: INR 5,700 Cr.

Price Band: INR Rs 651 – 661 per equity share

Market Lot: 22 Shares approx

Minimum Order Quantity: 22 Shares

Listing at: BSE, NSE


About the company

ICICI Lombard General Insurance Company Limited largest private‐sector non‐life insurer in India based on gross direct premium income in fiscal 2017. Incorporated in 2000, ICICI Lombard General Insurance Company Ltd founded as a joint venture between with ICICI Bank Limited and Fairfax Holdings Canada.

It offers customers a range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels. In fiscal 2017, the company issued approximately 17.7 million policies and their gross direct premium income was Rs.107.25 billion, translating into a market share, on a gross direct premium income basis, of 8.4% among all non‐life insurers in India and 18.0% among private‐sector non‐life insurers in India.