 "ICICI Pru: Good record, growth prospects")
ICICI Prudential Life Insurance Company is the country’s leading privately owned entity in the segment. It has strong parentage, a record of consistent premium growth, healthy profitability and high return ratios. It is in an under-penetrated sector, with high growth potential.
The company has been growing ahead of the sector average in the past few years and garnered more market share in the process. Positively, the management expects this trend to continue.
At the upper price band of Rs 300 to Rs 334, its initial public offering (IPO) of equity values the company at 3-3.4 times the FY16
The company has been growing ahead of the sector average in the past few years and garnered more market share in the process. Positively, the management expects this trend to continue.
At the upper price band of Rs 300 to Rs 334, its initial public offering (IPO) of equity values the company at 3-3.4 times the FY16
