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Company Background

Company Background

ICICI Lombard General Insurance Company Limited largest private-sector non-life insurer in India based on gross direct premium income in fiscal 2017, a position it has maintained since fiscal 2004 after being one of the first few private-sector companies to commence operations in the sector in fiscal 2001. It offers customers a comprehensive and well-diversified range of products, including motor, health, crop/weather, fire, personal accident, marine, engineering and liability insurance, through multiple distribution channels.

The company was founded as a joint venture between ICICI Bank Limited, India's largest private-sector bank in terms of consolidated total assets with an asset base of Rs.9.9 trillion at March 31, 2017, and Fairfax Financial Holdings Limited, a Canadian based holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management with US$43.38 billion of total assets at December 31, 2016.

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.
Issue Highlights
Issue opens Friday, September 15, 2017
Issue closes Tuesday, September 19, 2017
Price Band Rs. 651/- to Rs. 661/-
Offer Size Up to 86,247,187 Equity Shares
Offer for Sale by ICICI Bank: Up to 31,761,478 Equity Shares
Offer for Sale by FAL: Up to 54,485,709 Equity Shares

The Offer consists of:
ICICI Bank Shareholders Reservation Portion#: Upto 4,312,359 Shares
Net Offer: Up to 81,934,828 Equity Shares
# The Individuals & HUF who are the public equity shareholders of ICICI Bank Limited as on the date of the RHP i.e. September 06, 2017.
Bid Lot 22 Equity Shares & in multiple thereafter
Face Value Rs.10/- per share
Listing NSE / BSE
BRLM Edelweiss / DSPML / ICICI Sec / IIFL / CLSA /JM
Registrar Karvy Computershare Private Limited
Payment Compulsorily ASBA Mode

Issue Break up

Issue Size Issue Size Allocation No. of Shares Issue Size (Rs. in Crs)
Lower Band Upper Band
Shareholders   4312359 280.73 285.05
QIB 50.00% 4,09,67,413 2666.98 2707.95
NIB 15% 12290225 800.09 812.38
Retail 35.00% 2,86,77,190 1866.89 1895.56
Total 100% 8,62,47,187 5614.69 5700.94
Object of the Issue
The objects of the Offer are to achieve the benefits of listing the Equity Shares of the Company on the Stock Exchanges and to carry out the sale of up to 86,247,187 Equity Shares by the Selling Shareholders. The listing of the Equity Shares will enhance the "ICICI Lombard" brand name and provide liquidity to the existing shareholders. The listing will also provide a public market for the Equity Shares in India. The Company will not receive any proceeds from the Offer.
Retail Payment Chart
Retail Payment Chart - ICICI Lombard General Insurance Company Limited
No. of Shares Cut off price per share Rs.661 Total Amount (Rs.)
22 661 14542
44 661 29,084
66 661 43,626
88 661 58,168
110 661 72,710
132 661 87,252
154 661 1,01,794
176 661 1,16,336
198 661 1,30,878
220 661 145,420
242 661 159,962
264 661 174,504
286 661 189,046
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SEBI/ Regulatory Registration Nos.: BSE:INB/INF 010607233 NSE:INB/INF/INE 230607239. Merchant Banking: INM000010973 DP Reg: IN-DP-CDSL-28-99 DP ID - CDSL 12013200
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