ICICI Lombard General Insurance Company Limited IPO to close on Sep 19, 2017

The Initial Public Offering (IPO) of ICICI Lombard General Insurance Company Limited which opened for subscription on 15-Sep-2017 will close on 19-Sep-2017. The company has come out with Public Offer of upto 86,247,187 Equity Shares (including anchor portion of 24,580,447 Equity Shares) at a price band of Rs 651 to Rs 661 through 100% book building process.

The issue has received subscription of 0.27 times till 5 PM on Sep 15, 2017. The issue has garnered subscription for 16669466 equity shares against the offer of 61666740 equity shares.

Source : Equity Bulls

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