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ICICI Prudential Life IPO - Opportunity for Retail Investor

Post the liberalization of insurance sector, many expected that it will evolve the sector and that what happened.
ICICI Prudential operate in all segment of insurance sector coupled with very strong management team controlling around 11.2% overall insurance sector.
The profitability in FY16 came around 1600 Cr plus and that indicate that company is on strong footing.
Only pension management portfolio is struggling a bit and expecting that the company will make that segment profitable soon.
It is one of the largest IPO post 15k Cr Coal India IPO and it will attract huge subscription.  I am expecting more than 50 times subscription request as well as interest from HNI.
The price point range of 330 to 334 INR wherein one can apply for allocation of 44 shares per request and it's multiple. The price points translate the company potential market cap of around $7Bn.
It is also expected that it will have minimum 15 to 20% upwards on listing and very good investment opportunity for Retail Investor provided they invest for long term.

It also gives another indication to government of India about the opportunity to list Life Insurance Corporation. Government may get billions of $ of market cap and may make history. 
Please consult your financial advisor before investing.
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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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