ICICI Prudential Life set for stock market debut today

ICICI Prudential Life Insurance, which recently concluded its Rs 6,057-crore IPO, will make its stock market debut on Thursday, becoming the first insurer to list. The company's public issue was oversubscribed 10 times.

The quota set aside for qualified institutional buyers was subscribed 11.83 times, while for the non-institutional investor category, it was 28.55 times. The retail portion was oversubscribed 1.37 times.

The public offer comprises up to 18,13,41,058 shares of ICICI Prudential Life Insurance Company, including reservation of up to 1,81,34,105 (10 per cent of the offer) for shareholders of ICICI Bank.

Endurance Tech fixes price band

Endurance Technologies has fixed price band from Rs 467 to Rs 472 per equity share for its initial public offering (IPO). The offer is being made through the book building process, consisting of an offer for sale of up to 19,295,968 equity shares by Actis Components and System Investments and up to 53,17,056 equity shares by the promoter selling shareholder Anurang Jain. The offer opens on October 5 and closes October 7.

Security and Intelligence files IPO papers with Sebi

Security and Intelligence Services on Wednesday filed their draft papers with Securities and Exchange Board of India to raise an estimated Rs 500 crore through an initial public offering. The firm provides security solutions and business support services to a wide range of customers across India and Australia. The IPO comprises fresh issue of shares worth Rs 362.25 crore and an offer for sale of up to 6,518,876 by the existing shareholders, as per Draft Red Herring Prospectus.