(i) HDFC ERGO General Insurance Company Limited is a joint venture between HDFC Ltd. and ERGO International AG, a Germany-based company that is part of the Munich R Group. HDFC holds 51 percent, and ERGO the other 49 percent. The firm operates in 101 Indian cities with over 127 branches and 2,000 plus staff members.
It is a subsidiary of HDFC limited.
(ii) The company offers all lines of general insurance products including motor, health, personal accident, home, fire, marine, aviation, liability, crop insurance, etc.
Highlights of the FY2018-19
a) It is the 3rd largest General Insurance company in the private sector with Gross Written Premium 8722 Cr for FY19 and 5.1% shares as on March 2019.
b) Issued more than 8.5 Million Policy during the FY19.
c) Credit Rating of AAA from ICRA and CRISIL for the NCD issued in the market.
d) The solvency ratio of 1.75x as which is well above the 1.5x requirement of IRDA. An insurance company is considered to be solvent if its assets are adequate enough and liquid to pay off claims or liabilities as and when they arise. Thus insurance company solvency ratio indicates its paying claim ability. Higher the solvency ratio better the claim paying ability.
Highlights of the FY2019-20
a) 3rd largest General Insurance Company in private sector. The total GWP stands at ~9400 Crores.
b) Overall market share of 6.2% for Fiscal Year 2019-20 considering full year business of HDFC ERGO Health Insurance and HDFC ERGO.
c) Credit rating of ICRA/AAA & CRISIL/AAA with a stable outlook for the Non-Convertible Debentures (Subordinated Debt) programme.
d) Solvency ratio of 1.78x vis-a-vis IRDAI required solvency ratio of 1.50x.
e) PAN-India presence across 203 branches and a close knit family of 7,800 professionals.
f) Issued more than 1 Crores policies and serviced more than 1.5 million claims in FY20.
|Total Available Shares:||NA|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||NA Shares|
|Current Unlisted Share Price:||₹ NA Per Equity Share|
|Shareholder's name||No. of Shares (FY20)||% of total shares (FY20)|
|Gross Written Premium||9760||8721||7401||2252||482|
|Net Written Premium||4866||4372||3455||999||364|
|Net Earned Premium||4450||3810||2994||989||297|
|ESOP Exercised Price||91||151||257||364|
Please find below the procedure for buying HDFC Ergo General Insurance Limited Unlisted Shares at UnlistedZone.
Please find below the procedure for selling HDFC Ergo General Insurance Limited Unlisted Shares at UnlistedZone.
Lock-in period of HDFC Ergo General Insurance Limited Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the HDFC Ergo General Insurance Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy HDFC Ergo General Insurance Limited Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not be applicable
If you buy HDFC Ergo General Insurance Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
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The HDFC Ergo General Insurance Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
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If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
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We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their HDFC Ergo General Insurance Limited Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their HDFC Ergo General Insurance Limited Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
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