ICICI Prudential Life Insurance Company Ltd. share price target

ICICI Prudential(I-Pru) is the largest Pvt Sector insurance player with a market share of 21.9% in the pvt sector and 11.3% share in the overall industry. The company had a persistency ratio of 82.5% and solvency ratio of 320%, one of the best in the industry.The issue opens on Sep 19,2016 and closes on Sep 21 2016.

Valuations & View: At the price of band of `300-334 the issue is offered at 3.1x and 3.4x its reported FY16 EV. While the company has enough scope for business growth in the future, we believe the issue is fully priced in and hence they have a NEUTRAL rating on the issue.

Consistent Leadership across Cycles : The company has consistently generated the most new business premiums on a retail weighted received premium basis among all private sector life insurers in India for every year since fiscal 2002. The company's market share, on a retail weighted received premium basis, in the Indian life insurance sector increased from 5.9% in fiscal 2012 to 11.3% in fiscal 2016 and Its market share among the...

ICICI Prudential Life Insurance Company Ltd (ICICI Pru) was the largest private sector life insurer in India by total premium in fiscal 2016. Issue Open: Sep 19 - Sep 21 2016. ICICI Prudential Life Insurance Company Ltd (ICICI Pru) was the largest private sector life insurer in India by total premium in fiscal 2016 and assets under management at March 31, 2016. It is a joint venture between ICICI Bank Limited, in terms of total assets with an asset base of Rs. 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 was one of the first private sector life insurance companies in India and commenced operations in fiscal 2001. It offers customers a range of life insurance, health insurance and pension products and services. Every fiscal year since fiscal 2002, it has consistently generated the most new business premiums on a retail weighted received premium basis among all private sector life insurers in India

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ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) is a joint venture between ICICI Bank, India's largest Private Sector Bank in terms of total assets with an asset base of 7.2 trillion as on March 31, 2016 and Prudential Corporation Holdings Ltd, a part of the Prudential Group, an international financial services group with GBP 509 billion of Assets Under Management (AUM) as on December 31, 2015. ICICI Prudential Life was one of the first private sector life insurance companies in India and commenced operations in fiscal 2001. It offers its customers a range of life insurance, health insurance and pension products and...