ICICI Lombard IPO multibagger unlisted stock update

Our one more hot favorite pre-IPO stock is launching IPO tomorrow. But not before delivering multibagger returns to investors. One more baby is ready to fly high and scale new heights.

ICICI Lombard sold to all our investors at as low as Rs 70 since 2013 has become 10x  to Rs 700+ in just around 4 years. That’s the power of investing in unlisted shares. The company’s initial public offer (IPO) will open on September 15 and close on September 19. The price band is Rs 651 to Rs 661 per share.


ICICI Lombard IPO to open on 15 September

ICICI Lombard is a joint venture between ICICI Bank and Canada-based Fairfax Financial Holdings Ltd. The company is the largest private-sector non-life insurer in India based on gross direct premium income in fiscal 2017. It was valued at Rs 20,300 crore as per the last deal.

The issue consists of offer for sale of up to 3,17,61,478 equity shares by promoter ICICI Bank, up to 5,44,85,709 shares by investor Fal Corporation. The issue also include a reservation of up to 43,12,359 equity shares for purchase by ICICI Bank shareholders.

Pre IPO unlisted shares of ICICI Lombard

An image showing ICICI Lombard logo
ICICI Lombard Pre IPO shares

ICICI Lombard General Insurance Company is a joint venture between ICICI Bank and Fairfax Financial Holdings, a Canada based diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management.

For buying or selling shares of ICICI Lombard or any other companies at best rates and quality service, please click here https://buysellunlistedshares.com/buysell/

ICICI Prudential, Lombard acquire 12% stake in Fino PayTech for Rs 150 crore

FINO Paytech to start payments bank operations from April
ICICI Prudential, Lombard to acquire 12% stake in Fino PayTech

ICICI Prudential Life Insurance and ICICI Lombard have bought a 12% stake in payments bank Fino Paytech for Rs 150 crore, valuing the company at Rs 1200 crore. Proceeds from the fund-raise would be used to set up the technology framework for the payments bank, create physical infrastructure and meet marketing and operational expenses.

For buying or selling shares of Fino Paytech or any other companies, please click on buysellunlistedshares.com/buysell/
Fino Paytech had closed a Rs 251-crore funding from state-run refiner Bharat Petroleum Corp. (BPCL) for a 21% stake, in July 2016.
As per the norms, a payments bank has to bring down foreign stake from 75% currently to 49%. At Fino, primary funding has seen a total dilution of 33% and its investors include Intel Capital, IFC, Headland Capital and Blackstone. FINO was one of 11 companies to receive the Reserve Bank of India’s in-principle approval to start a payments bank last year.

FinoPayTech currently provides basic banking, direct benefit transfer (DBT) payments, remittances and other payment services for the unbanked rural and urban masses in partnership with banks and financial institutions. The payments bank licence would help it provide a range of financial offerings, such as savings and term deposits, credit and insurance besides its existing set of basic banking

and business correspondent services.
Fino Paytech is touted to be the biggest beneficiary of Demonetisation

Hidden gems! Quality unlisted stocks can spin money in no time

Sometimes betting on unlisted shares can also give you lucrative returns over time.

For instance, an investment of Rs 10,000 (face value Rs 10) made in the unlisted shares of Lux Industries in 2010 would have become nearly Rs 4,00,000 today.

For buying or selling shares of TMB or any other companies at best rates and quality service, please click here https://buysellunlistedshares.com/buysell/

For more details, please call on 08108234400 or email on buysellunlistedshares@gmail.com

Hosiery maker Lux Industries shares got listed on the National Stock Exchange in December 2015 at Rs 3,342. The company split equity shares of face value of Rs 10 each into five shares in June 2016 with a view to making them more affordable and increase liquidity.

On November 30, Lux Industries shares of Rs 2 face value were quoting at Rs 772.

Similarly, shares of the recently-listed ICICI Prudential Life Insurance are now trading at Rs 305. They were trading at Rs 125 in 2013 before listing.

The figures show the potential to make money in unlisted stocks.

ICICI Lombard, Tata Technologies, Catholic Syrian Bank and Tamilnad Mercantile Bank are among the companies that may list their shares on the bourses in the coming quarters.

Stock exchanges NSE and BSE are also planning to list their shares next year. Unlisted shares of BSE are quoting at Rs 395 with a face value of Re 1, while those of NSE are available at Rs 4,700 with a face value of Rs 10.

– extracted from recent Economic Times article