Friday, July 15, 2016

ICICI Prudential Life Insurance IPO - $764 million IPO of ICICI Pru Life

By
ICICIprulife.com - ICICI Prudential Life Insurance Co Ltd is all set to file their biggest public IPO. Under the cover of ICICI Bank LTD, india’s one of the known insurance company ICIC Pru Life is going for public IPO. 

ICICI Prudential Life Insurance IPO - $764 million IPO of ICICI Pru Life

ICICI Prudential Life Insurance IPO
And the Public IPO is not so small, its Rs.50 Billion ($764 million). Around after one month of this, ICICI will come up with Public IPO notification where they are going to ask for Rs.500cr.

Financial Condition of ICICI Pru Life

ICICI Bank (on the name on which) this insurance company started functioning in the year 2001 is one of the leading name in Indian banking sector as well as in insurance sector too. At the time writing this, ICICI Prudential life insurance has Assets worth rs.1039.39 Billion ( and going for another 50 billion IPO). As per the Wikipedia, total worth of ICICI Prudential is around Rs.1,00,000cr only. And in the financial year 2016, ICICI Pru Life has generated Rs.191.64 Billion of Premium. 

ICICI Prudential life insurance company limited is not solely owned by ICICI Bank, its a joint venture.  ICICI Bank owns 68% of ICICI Pru life insurance and Britain's Prudential PLC owns 26%. Remaining 2% is owned by Singapore state investor Temasek and well known investor Aziz Premji’s Premji invest.


As per the information from sources, it is ICICI Bank which is going to sell their stack via public IPO. None from ICICI Bank and ICICI Pru Life has made any official comment, but most probably in August, 2016 the IPO will be lunched.

Management of ICICI Pru Life

As per the current listings, ICICI Prudential Life Insurance Company Limited is managed by Mr. Sandeep Bakshi and he is at CEO role as well. Puneet nanda is CMO and Sandeep Batra as Executive Director.

Products of ICICI Pru Life

As per the current listings, ICICI Pru Life offers various policies like iProtect Online Term Plan, Wealth Plans, Traditional Saving Plans, Retirement Plans, Group Plan and Rural Plan.

The Reason to pursue IPO is not yet known. We will update the detail review of IPO, once the official announcement is made, till keep visiting the 15August.in.

0 comments:

Post a Comment

Powered by Blogger.