EV(Embedded Value) is a criteria used for finding valuation of an Insurance co.Its defined by IRDA. Icici Pru EV is 3.4 vs 4.1 for MAX HDFC. Further IRDA is very stingy in computing EV for insurance co vs otehr cos in other nations as per informed csources. FOR EV exact meaning take the help of Google Baba
I intend to hold this quality stock .
The anchor investors are believed to have included Government Of Singapore, Nomura, Monetary Authority Of Singapore, National Pension Service Managed By Oaktree Capital Management LP, The Boeing Company Employee Retirement Plans Master Trust, Russell Emerging Markets Funds, Oaktree Emerging Markets, Pggm World Equity Ii BV and National Westminster Bank Plc as trustee of the Jupiter India Fund. The investors also included Goldman Sachs, Morgan Stanley, Copthall Mauritius Investment Limited, Integrated Core Strategies Asia Pte Ltd, as also DSP Blackrock, Chennai 2007, GMO Funds, HDFC Standard Life Insurance, Rochdale Emerging Markets, Legg Mason Western Asset Asian Enterprise Trust, Wasatch Global Opportunities Fund, as also various mutual fund schemes of Tata MF, Reliance MF, UTI MF, SBI MF, Birla Sunlife, L&T MF, IDFC MF, Kotak Mahindra MF, Sundaram Mutual Fund and Edelweiss Mutual Fund.
Read more at: http://www.moneycontrol.com/news/ipo-upcoming-issues/icici-pru-ipo-anchor-investors-get-rs-1635-cr-worth-shares_7468841.html?utm_source=ref_article
Incidentally Howard Marks the great investor and Co Chairman Oaktree capital has invested heavily as anchor investor.These are very high quality investors in for a long time.