ICICI Prudential(I-Pru) is the largest Pvt Sector insurance player with a market share of 21.9% in the pvt sector and 11.3% share in the overall industry. The company had a persistency ratio of 82.5% and solvency ratio of 320%, one of the best in the industry.

Angel Broking has recommended 'Subscribe' to IPO of ICICI Prudential Life Insurance. Commenting on the investment rationale, the stock broker said, ''At the price of band of Rs 300-334 the issue is offered at 3.1x and 3.4x its reported FY16 EV. While the company has enough scope for business growth in the future, we believe the issue is fully priced in and hence we have a Neutral rating on the issue.''

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