ICICI Lombard General Insurance Company Ltd. share price target

IPO NOTE

ICICI Lombard is the largest non-life private sector insurer in India. It is a JV between ICICI Bank and Fairfax Financial Holdings Ltd of Canada. Backed by strong parentage, and under penetration of non-life insurance business in India, the company has been on a strong growth path with its Gross Direct Premium Income growing by 26.7% ove..

ICICI Lombard General Insurance Company Ltd. (ILGI) is the largest private sector non-life insurer in India based on gross direct premium income (GDPI) in FY17, a position which it has maintained since FY04....

The Company will not receive any proceeds from the Offer for Sale by the Selling Shareholder. The objects of the Offer are to achieve the benefits of listing the Equity Shares of the Company on the Stock Exchanges. The listing of the Equity Shares will enhance the ICICI...

Incorporated in 2000, ICICI Lombard General Insurance Company Ltd founded as a joint venture with ICICI Bank Limited, is engaged in providing various general insurance products and services in India. It mainly offers fire, engineering, hull, aviation, motor, casualty, health, travel, energy, personal accident, marine, liability, home, rural, and credit insurance products and services. It also provides reinsurance, insurance claims management, and investment management services. It was the largest private sector non life insurer in India based on Gross Direct Premium Income (GDPI) in fiscal year 2017. The company provides services to conglomerates, small and medium enterprises, state and...

Issue Open: Sep 15 - Sep 19 2017, Price Band: Rs. 651 - 661, Issue Size: 86,247,187 Equity Shares Issue Open: Sep 15 - Sep 19 2017, Price Band: Rs. 651 - 661, Issue Size: 86,247,187 Equity Shares (Entirely Offer for sale by ICICI Bank and FAL) Including ICICI Bank shareholders Reservation Portion.

ICICI Lombard (Lombard) was founded as a joint venture between ICICI Bank Ltd and Fairfax Financial Holdings Ltd. Lombard is the largest private-sector non-life insurer in India based on gross direct premium income (GDPI) in FY17. Its market share, by GDPI, increased from 7.9% in FY15 to 8.4% in FY17. Lombard offers a comprehensive and welldiversified range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels. As of June 30, 2017, ICICI Lombard had 20,775 agents, 51 corporate...

ICICI Lombard General Insurance Company Ltd. (ILGIC) was founded as a joint venture between ICICI Bank Ltd., India's largest private sector bank (in terms of consolidated total assets) and Fairfax Financial Holdings Ltd., a Canadian based holding company engaged in property and casualty insurance and re-insurance and casualty management. ILGIC is the largest private sector non-life insurer in India based on gross direct premium income since FY04 after commencing operations in FY02. ILGIC offers its customers a wide range of products including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance. Consistent market leadership ILGIC is the largest private sector non-life insurer in...

18.0% among private-sector non-life insurers in India. It has presence in 618 districts of 716 pan India through its wide distribution network. In FY17, 87.5% of new policies were initiated on digital platform. While number of policies grew at a cumulative annual growth rate of 13.1% between FY15 and FY17. As of June 17, ICICILOM had 164.46 bn in total investment assets, with an investment leverage, net of borrowings of 4.07x. ICICILOM annualized total portfolio return (including unrealized gains) for FY17 was 13.0%. ICICILOM have a strong capital position with a solvency ratio of 2.13x as of...