You are here: Home » Finance » News » Insurance
Business Standard

ICICI Lombard to make market debut today

The insurer had fixed the price band at Rs 651-661 per share for the Rs 5,700-crore IPO

Press Trust of India  |  New Delhi 

Lombard
Chanda Kochhar, Chairperson, ICICI Lombard General Insurance, Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance and Kaku Nakhate, DSP Merrill Lynch during the IPO press conference in Mumbai (Photo: Kamlesh Pednekar)

General Company will debut on the on Wednesday after it concluded its offer last week.

The offer of was oversubscribed 3 times during September 15-19.


The insurer had fixed the price band at Rs 651-661 per share for the Rs 5,700-crore

General is a joint venture between and Canadian NRI Prem Watsa-promoted Financial Holdings.

For the group, this was the second public offer this fiscal. Its life arm ICICI Prudential had raised Rs 6,000 crore through an earlier.

CLSA India Private, Edelweiss Financial Services and Institutional Securities were the books running lead managers of the

First Published: Wed, September 27 2017. 02:59 IST
RECOMMENDED FOR YOU