ICICI Lombard IPO To Hit Market On September 15

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    ICICI Lombard General Insurance Company Limited today said it will launch its initial public offering on September 15.

    The issue of the company will open on September 15 and close on September 19. Through this IPO, the promoters will dilute up to 86,247,187 equity shares with a face value of Rs 10 each of ICICI Lombard. ICICI Lombard IPO: Know The Details

    ICICI Lombard IPO To Hit Market On September 15

    The price band of the IPO has been fixed in the range of Rs 651- Rs 661 per equity share, Sanjeev Mantri, executive director of the company said.

    ICICI Lombard is a joint venture between ICICI Bank and Canada-based Fairfax Financial Holdings Ltd. ICICI Lombard is the largest private-sector non-life insurer in India based on gross direct premium income in fiscal 2017.

    Earlier last week, ICICI Lombard General Insurance Company received go-ahead from capital market regulator Sebi for the IPO, which would be the first by a general insurer in the country.

    Goodreturns.in 

    Read more about: icici lombard ipo
    Story first published: Saturday, September 9, 2017, 16:49 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more