ICICI Lombard Issues Over 1.71 Lakh Equity Shares Under ESOP
By Ankur Chandra | Updated at: Jun 14, 2025 06:02 PM IST
Mumbai, June 13, 2025: ICICI Lombard General Insurance Company Ltd (NSE: ICICIGI, BSE: 540716) has issued 1,71,062 equity shares with a face value of ₹10 each to eligible employees under its stock-based compensation programmes. The allotment took place on June 12, 2025, and falls under the company’s long-term incentive structure.
On June 13, 2025, ICICI Lombard General Insurance Co Ltd saw its stock price rise by 2.05%, gaining ₹39 to trade at ₹1,940.90 by 11:00 a.m. IST. The stock opened at ₹1,875.20 and touched an intraday high of ₹1,941.20, with a low of ₹1,864.00. This positive movement followed the company’s announcement of allotting over 1.71 lakh equity shares under its ESOP schemes. With a market cap of ₹96,270 crore, the stock holds a P/E ratio of 38.63 and a quarterly dividend of ₹3.11.
On June 9, 2025, the company allotted 87,251 equity shares under its ESOP schemes, with 74,489 shares issued under the 2005 plan and the balance under newer schemes. Just a few days prior, on June 3, 2025, ICICI Lombard allocated 2,346 shares under its ESOP framework. Additionally, on April 22 and May 6, 2025, the firm issued 29,841 and 35,582 shares, respectively, under its employee stock-option programme.
Going further back, on September 6, 2022, ICICI Lombard allotted 6,400 shares under its 2005 ESOP plan.
Breakdown of Share Allocation
The shares were distributed across two employee benefit schemes, as detailed below:
| Scheme Name | Shares Allotted |
|---|---|
| ICICI Lombard Employees Stock Option Scheme – 2005 | 1,64,113 |
| ICICI Lombard Employees Stock Unit Scheme – 2023 | 6,949 |
| Total | 1,71,062 |
The allotment was approved at 11:14 p.m. on June 12 by a Whole-time Director, who acted under delegated authority granted during the Board of Directors’ meeting held on July 18, 2023.
Capital Structure Update
The newly issued shares will be at par with existing equity shares, meaning they will carry equal rights, including eligibility for dividends and voting privileges.
| Particulars | Pre-Allotment | Post-Allotment | Change |
|---|---|---|---|
| Face Value (₹) | 10 | 10 | No Change |
| Equity Shares (Nos.) | Not disclosed | Not disclosed | +1,71,062 |
Regulatory Compliance
The allotment adheres to all applicable provisions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company made the disclosure as part of its obligations under Regulations 30 and 10(c) of the SEBI LODR norms.
Company Overview
ICICI Lombard General Insurance Company Ltd is a leading private general insurer in India, offering a wide portfolio of insurance solutions including motor, health, travel, and corporate coverages. The company is regulated by the IRDAI and is known for its nationwide distribution network and strong digital presence.
This equity allotment reflects ICICI Lombard’s ongoing focus on rewarding and retaining talent, aligning employee interests with long-term shareholder value.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/a6e86683-a9d1-459b-9232-8f9c912f86f5.pdf
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
