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.
0 comments:
Post a Comment