ICICI Lombard IPO to open for subscription from Sept 15

Price band to be declared five days before the offer goes live

ICICI Bank, the holding company of ICICI Lombard General Insurance, has announced that its general insurance arm will be open for subscription via an initial public offering (IPO) on September 15. The subscription for IPO is slated to close on September 19.

The price band of the offer as decided by ICICI Lombard and the selling stakeholders, in consultation with the lead managers, is expected to be announced five days before the IPO opens for subscription, said the bank in a BSE filing.

In its draft red herring prospectus (DRHP) submitted to the Securities and Exchange Board of India (SEBI),