Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Smartkarma

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ICICI Lombard General Insurance Company / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/547" target="_blank" data-smartkarma-citation="entities:547:1">ICICI Bank Ltd (ICICIBC IN)</a><a href="https://www.smartkarma.com/entities/25882" target="_blank" data-smartkarma-citation="entities:25882:1"></a> and <a href="https://www.smartkarma.com/entities/24007" target="_blank" data-smartkarma-citation="entities:24007:1">Fairfax Financial Holdings Ltd. (FFH CN)</a> plan to raise a combined US$900m through selling part of their holdings in <a href="https://www.smartkarma.com/entities/25882" target="_blank" data-smartkarma-citation="entities:25882:1">ICICI Lombard General Insura (7595419Z IN)</a> via an IPO. </p><p>This will be the first listing by a general insurance company in India and given that the company has the highest market share amongst private general insurers, it is likely to garner keen interest. However, being a unique listed play also raises issues around valuation and comparables. In this insight, we have looked at a number of private transactions in the industry and compared its performance versus some of its peers. </p>

ICICI Bank Ltd (ICICIBC IN) and Fairfax Financial Holdings Ltd. (FFH CN) plan to raise a combined US$900m through selling part of their holdings in ICICI Lombard General Insura (7595419Z IN) via an IPO. This will be the first listing by a general insurance company in India and given that the company has the highest market share amongst private general insurers, it is likely to garner keen interest. However, being a unique listed play also raises issues around valuation and comparables. In this insight, we have looked at a number of private transactions in the industry and compared its performance versus some of its peers. 

ICICI Lombard IPO - Bigger Doesn't Always Mean Better

India

ICICI Lombard General Insurance Company Limited operates as an insurance company. The Company offers motor, health, travel, rural, business, third party, personal accident, and home insurance, as well as claim settlements and renewals services. ICICI Lombard General Insurance serves customers in India.

ICICI Lombard General Insurance Company (ICICIGI IN)

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ICICI Lombard IPO - Bigger Doesn't Always Mean Better

ICICI Bank Ltd (ICICIBC IN) and Fairfax Financial Holdings Ltd. (FFH CN) plan to raise a combined US$900m through selling part of their holdings in...

Sumeet Singh