The company raised nearly Rs 226 crore from anchor investors on Friday.
Net proceeds from the issue would be utilised towards advertising and business promotion activities, purchase of land for construction of office premises in Chennai, repayment of overdraft facilities and general corporate purposes. Engineering firm Capacit'e Infraprojects' Rs 400 crore IPO will be launched on September 13.
The issue, with a price band of Rs 245-Rs 250 per equity share, will close on September 15.
The company plans to utilise the proceeds of the issue for funding working capital requirements, purchasing of capital assets and general corporate purposes.
The issue, the first by any general insurance company, will be open for subscription from September 15 to September 19.
So far this year, 19 companies, including BSE, Avenue Supermarts and Central Depository Services (India) Limited, have hit the market with their IPOs.
Earlier this week, Dixon Technologies and Bharat Road Network concluded their IPOs.
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