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IPO - Arpico Insurance LTD

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IPO - Arpico Insurance LTD

Post by Sriranga on Fri Nov 28, 2014 3:45 pm


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Re: IPO - Arpico Insurance LTD

Post by nihal123 on Fri Nov 28, 2014 9:05 pm

කොටසක් රුපියල් 12 ක් බැගින් සාමාන්‍ය ඡන්ද සහිත කොටස් මිලියන 6.6 ක මහජන කොටස් නිකුතුවක් කිරීම මගින් රුපියල් මිලියන 79 කට ආසන්න මුදලක් රැස්කර ගැනීමට ආපිකෝ ඉන්ෂුවරන්ස් ලිමිටඩ් සූදානම් වේ.

මෙම කොටස් නිකුතුව දිරිසවි පුවරුවේ ලයිස්තුගත කිරීමට කොළඹ කොටස් වෙළඳ පොළ විසින් අවසර ලබාදී තිබෙන අතර නිකුතුව මහජනතාවට විවෘත වන්නේ දෙසැම්බර් 11 වනදායි.

සුරැකුම් පත් හා විනිමය කොමිෂන් සභාවේ ප්‍රධානී ආචාර්ය නාලක ගොඩහේවා මහතා පසුගියදා අප සමග පැවසුවේ ඉදිරියේදී මහජන කොටස් නිකුතු කිහිපයක්ම කිරීමට සැලසුම් කර තිබෙන බවයි.
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Re: IPO - Arpico Insurance LTD

Post by smallville on Fri Nov 28, 2014 10:06 pm

Any insights to this?

I cant even remember hearing such insurance company scratch

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Re: IPO - Arpico Insurance LTD

Post by Hawk Eye on Fri Nov 28, 2014 10:48 pm

Oh..lovely..long waiting for this announcement
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Re: IPO - Arpico Insurance LTD

Post by Leon on Sat Nov 29, 2014 8:47 am

Hawk Eye wrote:Oh..lovely..long waiting for this announcement

Do you mean it??
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Re: IPO - Arpico Insurance LTD

Post by rainmaker on Sat Nov 29, 2014 10:43 am

smallville wrote:Any insights to this?

I cant even remember hearing such insurance company scratch

They started a few years ago. It's owned by Yaddehige and managed by some ex-SLIC/JINS managers.


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Re: IPO - Arpico Insurance LTD

Post by serene on Sat Nov 29, 2014 4:34 pm

scratch Is this a good time for IPO's.

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Re: IPO - Arpico Insurance LTD

Post by kavi84 on Sat Nov 29, 2014 4:51 pm

what would be the effect of insurance compny merging case?

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Re: IPO - Arpico Insurance LTD

Post by nihal123 on Wed Dec 10, 2014 1:26 pm



හෙට 11 දා විවෘත වන Arpico Insurance , IPO ව ගැන ප්‍රධාන විධායක කතා කරයි.-Video



(www.randora.lk-10/12/14) - වසර 2011 ඔක්තෝම්බර් මස රක්ෂණ බලපත්‍ර ලබා ගනිමින් රක්ෂණ ව්‍යාපාර කරණයට 2012 දි එක් වු ආර්පිකෝ (ජිවිත) රක්ෂණ සමාගම Arpico Insurance එම 2012 වසරේ රුපියල් මිලියන 100 ක වාරික ආදායමකුත් 2013 රුපියල් මිලියන 200 ක ආදායමකුත් ලබමින් මේ වසරේ රුපියල් මිලියන 350 ක රක්ෂණ වාරික ආදායමක් අපේක්ෂා කරන බව එහි ප්‍රධාන විධායක ඩී.සී කේවිටියගල මහතා පවසයි.
මේ වසර 03 තුළ රක්ෂණ ඔප්පු 15,000 ක් නිකුත් කර ඇති බවද හෙතෙම කීය.

ඊයේ 09 දා කොළඹදි පැවති මෙහි මුළික කොටස් නිකුතුව හදුන්වා දිම පිළිබඳ ආයෝජක හමුවට එක් වෙමින් මේ බව ප්‍රකාශ කළේය. ඒ මහතා වැඩිදුරටත් පවසා සිටියේ තම සමාගම ආර්පිකෝ සමුහයේ 35,000 කට අධික සේවක සේවිකාවන්ගේ සහ ඔවුන්ගේ පවුල් වල මෙන්ම ස්වකිය සමුහ සමාගම් වල සැපයුම් කරුවන්ගේ සේවා දායකත්වය හරහා දැනට ඇති ශාඛා 19 හා ඉදිරි යෝජිත ශාඛා ජාලය හරහා ව්‍යාප්ත විමට සැලසුම් කර ඇති බවයි.


සංශෝධිත රක්ෂණ පණත අනුව අනිවාර්ය ලයිස්තුගත විමේ රේගුලාසි සපුරාලමින් තමන් මෙලෙස කොළඹ කොටස් වෙළෙඳ පොළ දිරි සවි පුවරුවේ ලයිස්තුගත වන මුල්ම සමාගම බව හෙතෙම කියා සිටියේය.

දෙසැම්බර් 11 දා හෙට විවෘත වන මෙම මුළික කොටස් නිකුතුව මගින් මිලියන 6.6 කට අධික කොටස් ප්‍රමානයක් කොටසක් රුපියල් 12 මගින් නිකුත් කර රුපියල් මිලියන 80 කට ආසන්න මුදලක් රැස් කිරිමට නියමිතය. එමගින් අදාල ව්‍යාස්ථාපිත රේගුලාසි මෙන්ම තම ශාඛා ජාලය ව්‍යාප්ත කිරිමට ඇවැසි අරමුදල් හා අවධානම් පදනම් වු අවම ප්‍රාග්ධන අවශ්‍යතා සපුරා ගැනිමට අරමුණු කරන බවද කීය.(සියළු තොරතුරු ඇතුළත් ලේඛනය සදහා මේ මත ක්ලික් කරන්න)

තම තක්සේරුව අනුව මෙහි කොටසක අගය රුපියල් 16 ක් වන බ වද කීය.

කලින් ආර්පිකෝ සමුහය සතුව තිබු ඒෂීයන් ඒලායන්ස් කළමනාකරණ පළපුරුද්ද ඇසුරු කර ආර්පිකෝ සමුහය සදහාම වෙනම රක්ෂණ සමාගමක් ආරම්භ කිරිමට කටයුතු කළ බවද හෙතෙම පවසා සිටියේය.


1978 සිට ව්‍යාප්ත වන මෙරට රක්ෂණ අංශය සමාගම් 22 ක් පුරා විහිදි යමින් දැඩ් නියාමනයට යටත්ව මේ වන විට කටයුතු කරයි.රුපියල් මිලියන 25 සිට රුපියල් මිලියන 500 දක්වා අවම රක්ෂණ සමාගම් ප්‍රාග්ධනයද මේ වන විට ජාතික රක්ෂණ මණ්ඩලය විසින් 2015 සිට ඉහළ නැංවිමට නියමිතය.එසේම අවදානම් පදනම් වු ප්‍රාග්ධන සීමාද හදුන්වා දි ඇත.
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Re: IPO - Arpico Insurance LTD

Post by Hawk Eye on Wed Dec 10, 2014 2:39 pm

Leon wrote:
Hawk Eye wrote:Oh..lovely..long waiting for this announcement

Do you mean it??

I was watching the investments KGAL had been making on this company from 2011 ..then RPC increasing its stake gradually on KGAL. KGAL were issued Arp.Insurance shares at par value 10.They now hold nearly 44%. Only a small number of shares through IPO at Rs.12. I expect this will give a good run.I started collecting KGAL at lower levels and in small qty and holding it now at a cost 98. Not expecting to do anything with Arpico Insurance.

I dont know whether my expectations will be full filled indirectly through Arpico Insurance


Last edited by Hawk Eye on Thu Dec 11, 2014 11:43 am; edited 1 time in total (Reason for editing : correction in holding %)
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Re: IPO - Arpico Insurance LTD

Post by smallville on Wed Dec 10, 2014 7:41 pm

Has anyone gone thru this IPO docs?
found anything suspisious???

I dont know abt this company but some ppl know it exists.. Hope someone can enlighten whether this price 12 is fair or not..

As Hawk says, if RPC was given shares at 10, the IPO price 12 is a pretty fair to me.. But have to check whether any directors were given at a discounted rate so they can cash in or any PPs were done as in SHL's case..

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Re: IPO - Arpico Insurance LTD

Post by sashimaal on Wed Dec 10, 2014 7:44 pm

Capital Trust analysis:
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Re: IPO - Arpico Insurance LTD

Post by Top Trader on Wed Dec 10, 2014 9:14 pm

By looking at the Value, some investors might even apply for the 100%!!!

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Re: IPO - Arpico Insurance LTD

Post by Top Trader on Wed Dec 10, 2014 9:20 pm

smallville wrote:Has anyone gone thru this IPO docs?
found anything suspisious???

I dont know abt this company but some ppl know it exists.. Hope someone can enlighten whether this price 12 is fair or not..

As Hawk says, if RPC was given shares at 10, the IPO price 12 is a pretty fair to me.. But have to check whether any directors were given at a discounted rate so they can cash in or any PPs were done as in SHL's case..

Research from Capital Trust (link given on this post) says pre IPO shares Locked for 6 months from the date of listing

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Re: IPO - Arpico Insurance LTD

Post by Sriranga on Wed Dec 10, 2014 10:15 pm

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Arpico Insurance eyes more growth via IPO

Post by Sriranga on Wed Dec 10, 2014 10:43 pm

By Senuri de Silva

Arpico Insurance has launched its initial public offering (IPO), with shares being available for subscription from 11 December 2014.

A total of 6.6 million shares will be issued, with Rs. 79.5 million to be raised upon full subscription.

The decision behind the IPO is threefold; firstly to fulfil a regulatory requirement of the IBSL, secondly to fulfil a requirement of the risk-based capital regime, and finally to fund an expansion plan of the company.

Of the funds raised, Rs. 31 million will be used for the expansion plan to open 12 new branches by the end of 2015 and widen its reach.

Richard Pieris Director Professor Lakshman R. Watawala spoke of the benefit of the IPO to the public saying, “While engaging in business we also want to ensure that a part of this success is also enjoyed by the public of this country.”

He also described how the company has not yet reached its full potential, saying “Arpico
Insurance is still in its infancy. That’s why we see that there is a great future for this company.”

According to him, a large part of the untapped market for insurance remains in the rural and urban areas, which have not been focused on by other insurance companies. “This country is hardly being utilised in the Life insurance sector. Even though there are much larger companies that have built up over a period of time, they still have not been able to penetrate the rural areas and the urban areas so we will be looking at these areas.”

In its third year of operation, the organisation is said to be showing tremendous results in the insurance industry of Sri Lanka.

“Arpico Insurance started in 2012 with a new value proposition – insurance for the living. The company was able to set new standards in insurance with a record-breaking GWP of Rs. 100 million in the first year of operation. In the second year of operation the company made a GWP of Rs. 200 million and is targeting to surpass Rs. 340 million this year,” said Arpico Insurance Director Viville Perera.

Describing Arpico Insurance’s rapid growth, Professor Watawala said: “As a new company we have tremendous growth, a 300% growth from the first year to the third year. In the fourth, fifth and sixth year we will definitely have immense growth taking place in this company and there after we will be able to give the benefits that we derive from this company to our shareholders.”

Speaking of the valuation of the share, he said the shares being sold for Rs. 12 had in fact been valued at Rs. 16 per share. “The expert valuers valued the share at Rs. 16 but we are giving a bargain to our new customers.”

Arpico Ataraxia Vice President Tharanga Gamage spoke of future plans for the company, which includes reaching Rs. 1 billion GWP by 2017 and high retention rates by 2018. “Arpico Insurance hopes to earn profits in 2015. It is already on its way to achieving profits in 2015 in its third year of operation. In addition it hopes to hit a GWP of Rs. 1 billion in 2017 and have Rs. 1 billion in the Life fund by 2018. It also hopes to reach retention targets of 65% for the second year and 75% for the first year by 2018. Currently retention targets are on par with industry standards of 40-50%. It also hopes to increase the branch network and penetrate more into the market.”
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Re: IPO - Arpico Insurance LTD

Post by serene on Thu Dec 11, 2014 7:59 am

Thanks Reds for Sharing.
Timing Question scratch
However relatively small IPO.

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Re: IPO - Arpico Insurance LTD

Post by First Guy on Fri Dec 12, 2014 7:26 am

Hawk Eye wrote:
Leon wrote:
Hawk Eye wrote:Oh..lovely..long waiting for this announcement

Do you mean it??

I was watching the investments KGAL had been making on this company from 2011 ..then RPC increasing its stake gradually on KGAL. KGAL were issued Arp.Insurance shares at par value 10.They now hold nearly 44%. Only a small number of shares through IPO at Rs.12. I expect this will give a good run.I started collecting KGAL at lower levels and in small qty and holding it now at a cost 98. Not expecting to do anything with Arpico Insurance.

I dont know whether my expectations will be full filled indirectly through Arpico Insurance

KGAL was allotted at 10/- which means it's a 20% gain at IPO price. But it's rather small compared to its other investments, isn't it? Will it make an impact?
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Re: IPO - Arpico Insurance LTD

Post by nihal123 on Fri Dec 12, 2014 12:52 pm

ආර්පිකෝ මුළික කොටස් නිකුතුවට අධි දායකත්වයක්
Written by RANDORA NewsDesk Published in සමාගම් නිවේදන හා පුවත් Friday, 12 December 2014

ආර්පිකෝ මුළික කොටස් නිකුතුවට අධි දායකත්වයක්
(www.randora.lk-12/12/14) – ඊයේ විවෘත වු ආර්පිකෝ රක්ෂණ සමාගමේ මුළික කොටස් නිකුතුව අධ් දායකත්වයක් ලද හෙයින් අද පස්වරු 4.30 ට අවසන් කරන බව නිකුතුවේ කළමනාකරුවෝ පවසති.

මෙම මුළික කොටස් නිකුතුව මගින් මිලියන 6.6 කට අධික කොටස් ප්‍රමානයක් කොටසක් රුපියල් 12 මගින් නිකුත් කර රුපියල් මිලියන 80 කට ආසන්න මුදලක් රැස් කිරිමට නියමිතය. එමගින් අදාල ව්‍යාස්ථාපිත රේගුලාසි මෙන්ම තම ශාඛා ජාලය ව්‍යාප්ත කිරිමට ඇවැසි අරමුදල් හා අවධානම් පදනම් වු අවම ප්‍රාග්ධන අවශ්‍යතා සපුරා ගැනිමට අරමුණු කරන බවද සදහන්ය.
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