Here’s What You Need To Know About ICICI Lombard’s IPOThe issue opens on Friday (September 15), and will close on September 19 (Tuesday). Priced in a band of Rs 651-661, the issue can be subscribed in lot sizes of 22 shares.
ICICI Lombard has a diversified portfolio of insurance products comprising motor, health and personal accident, corporate, weather, fire, marine and engineering insurance.
Over 8.6 crore equity shares will be sold as part of the IPO, which will include ICICI Bank selling over 3 crore shares and the rest from Canadian Fairfax Financial Holdings.
SBI Life Insurance Co., the pure-play life insurance unit of the biggest Indian lender, State Bank of India, will launch its IPO on September 20. Strong stock markets have fueled a surge in IPO activity in 2017. The country has already seen more than $3 billion in IPOs this year, according to Reuters data.
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