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    ICICI Lombard

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    PiyushKumar
    ICICI Securities acted as the sole book runner for ICICI Bank's sale of 180 million shares worth approximately INR 22,500 million in ICICI Lombard General Insurance. The sale represented 3.96% of ICICI Lombard's total shares and was completed successfully despite high market volatility. The order book was multiple times oversubscribed with demand from both existing and new long-term investors.

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    ICICI Lombard

    Uploaded by

    PiyushKumar
    29 views2 pages
    ICICI Securities acted as the sole book runner for ICICI Bank's sale of 180 million shares worth approximately INR 22,500 million in ICICI Lombard General Insurance. The sale represented 3.96% of ICICI Lombard's total shares and was completed successfully despite high market volatility. The order book was multiple times oversubscribed with demand from both existing and new long-term investors.

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    ICICI Securities acted as the sole book runner for ICICI Bank's sale of 180 million shares worth approximately INR 22,500 million in ICICI Lombard General Insurance. The sale represented 3.96% of ICICI Lombard's total shares and was completed successfully despite high market volatility. The order book was multiple times oversubscribed with demand from both existing and new long-term investors.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    29 views2 pages

    ICICI Lombard

    Uploaded by

    PiyushKumar
    ICICI Securities acted as the sole book runner for ICICI Bank's sale of 180 million shares worth approximately INR 22,500 million in ICICI Lombard General Insurance. The sale represented 3.96% of ICICI Lombard's total shares and was completed successfully despite high market volatility. The order book was multiple times oversubscribed with demand from both existing and new long-term investors.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    I-Sec Acted as the Sole Book Runner to Successfully Close c.

    INR 22,500 mn Stake Sale by ICICI Bank in ICICI Lombard.

    I am delighted to share that ICICI Securities (I-Sec) has successfully


    acted as the sole book runner in ICICI Bank's c. INR 22,500 mn block
    trade in ICICI Lombard General Insurance Co. Ltd. ("ICICI
    Lombard"), India's largest private sector non-life insurer. The sale
    constituted 3.96% of total shares outstanding of the company. I-Sec
    led the demand generation and ensured seamless execution thus
    creating value for both the buyers and sellers in the process.

    Highlights of the Transaction :

    Volatile market backdrop: The deal was successfully executed despite high volatility in
    global and Indian capital markets due to global lock-down and India-China border tensions
    Large Deal Size: The transaction involved a sale of 18.0 mm shares of the company v/s an
    average daily trading volume (based on last three months) of c.0.8 mn shares
    Anchored By Long-Only FIIs: The deal was anchored by Long-Only FIIs who constituted
    c.70% of the book. The order book was multiple times oversubscribed with bids from multiple
    pools of capital and closed within 1 hour of launch
    Price Insensitive Demand: I-Sec was able to generate price insensitive demand from both
    existing as well as new investors which helped us to move investors higher up the price curve.
    The realization price for the seller was INR 1250.5 which was at a tight discount of 2% over
    the previous day's closing of INR. 1,275.7
    Partner of Choice in Volatile Markets: This was the 3rd transaction which I-Sec was able to
    successfully close in the last 3 weeks despite volatile market environment. Other transactions
    include Reliance Industries' Rights Issue (INR 531,242 mn) and JM Financial's QIP (INR 7,700
    mn)
    Go-To Banker for Insurance Deals: With this deal, I-Sec has successfully closed 11
    transactions in the Insurance sector in the past 4 years including 3 IPOs, 2 OFS deals, 5 block
    transactions and 1 advisory transaction

    About ICICI Lombard General Insurance Co. Ltd.

    ICICI Lombard is the largest private-sector non-life insurer in India based on gross direct premium
    income. The company 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.

    Regards,
    Ajay Saraf
    Executive Director

    About ICICI Securities


    ICICI Securities Limited (I-Sec) is a subsidiary of ICICI Bank Ltd. The company began its operation
    in May 1995 and continues to grow its operation through expanding its client base and providing
    different type of services.

    I-Sec is a technology-based firm offering a wide range of financial services including investment
    banking, institutional broking, retail broking, private wealth management, and financial product
    distribution.

    I-Sec sees its role as 'Creating Informed Access to the Wealth of the Nation' for its diversified set
    of clients that include corporates, financial institutions, high net-worth individuals and retail
    investors.

    I-Sec is listed on National Stock Exchange (NSE) and the BSE Limited (BSE). For details, visit :
    www.icicisecurities.com

    Disclaimer
    The information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered
    in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in
    any form, without prior written consent of ICICI Securities Limited. The contents thereof are solely for informational purpose
    and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or
    other financial instruments or any other product. I-Sec and its affiliates accept no liabilities for any loss or damage of any
    kind arising out of any inaccurate, delayed or incomplete information or for any actions taken in reliance thereon. This
    information is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or
    located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use woul d be
    contrary to law, regulation or which would subject I-Sec and affiliates to any registration or licensing requirement within such
    jurisdiction.
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