Company made best use of the opportunity thrown up by demonetisation
New business premiums up 21% at Rs 1529 cr, persistency ratio at 78.6%, slightly down from 79.1% a year ago
Experts say offer price captured much of the valuations, leaving little room for listing gains
The stock slipped to Rs 297, down 11% against its issue price of Rs 334 per share on the NSE in intra-day trade.
The company's public issue was oversubscribed 10 times
A quick compilation of recommendations from leading brokerages on whether should you subscribe to the offer or not
ICICI Bank will bring down its stake in ICICI Prudential Life Insurance to 54% (down from 67.52% as of Sep 7) over three years
Fifth largest IPO in the domestic market
Insurer to hit the market this month; ICICI Bank to divest 12.65%; It is biggest IPO since Coal India's Rs 15,200-cr issue in Oct 2010
The insurer is a venture between banking major ICICI Bank and UK's Prudential Corporation Holdings
While its valuation stood at Rs 32,500 cr in November 2015, it now commands Rs 45,000-50,000 cr with the public offer
ICICI Prudential Life Insurance Company aims to raise Rs 5,000 cr via the IPO, the first by an insurer in India and the biggest in six years
The company, a joint venture between ICICI Bank and Britain's Prudential, plans to file its offer document with market regulator Sebi by the end of this year
ICICI Bank said last week it planned to file for an IPO of the life insurance unit during the current financial year
Interview with Chief investment officer, ICICI Prudential Life Insurance Company