The initial public offer (IPO), through which the insurer is looking to raise about Rs 5,700 crore, received bids for 1,66,69,466 shares as against the total issue size of 6,16,66,740, according to NSE data.
The qualified institutional buyer (QIB) category was subscribed 62 per cent, non-institutional investors 4 per cent and retail individual investors 18 per cent.
The insurer is looking to raise about Rs 5,700 crore at the higher end of the price band, which is fixed between Rs 651-661 per share.
For ICICI Bank group, this is the second public offer this fiscal. Its life insurance arm ICICI Prudential had raised Rs 6,000 crore through an IPO earlier.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)