ICICI Lombard General Insurance Company (ILGIC) plans to offer a portion of existing paid-up equity shares worth up to Rs 5,700 crore in the primary market. This will provide liquidity to existing shareholders including ICICI Bank and FAL Corporation. Of the 8.6 crore shares on offer, 43.1 lakh shares are reserved for ICICI Bank shareholders.
Though the company is a market leader in the country's general insurance sector, a steeply demanded valuation is a major concern for investors. Nevertheless, long-term investors seeking an exposure to the non-life insurance business, may consider the maiden offer in the sector given the company's consistent track record of growth and dividend payments, and strong managem ..
