Icici Lombard Ipo

ICICI Lombard makes tepid trading debut

Shares of ICICI Lombard closed at Rs 680 compared to the issue price of Rs 661

ICICI Lombard IPO gets fully subscribed, bidding ends later today

Bidding for the sale closes later on Tuesday

ICICI Lombard IPO subscribed 98% a day before close

Institutional portion fully subscribed, retail 60% covered, wealthy investor portion subscribed just 8%

Rs 5,700-cr ICICI Lombard IPO subscribed 27% on Day One

The 61.7-mn share offering has so far received total bids for 16.5 mn shares

ICICI Lombard allots Rs 1,620-cr worth shares to anchor investors

The company's Rs 5,700-cr IPO opens on Friday and closes on Tuesday

IPO: General insurance can be the next hot spot

ICICI Lombard General Insurance launches this week. This is the first general insurance IPO

ICICI Lombard IPO: A safe growth option

Market leadership, first-mover advantage stand the company in good stead

Promoters to dilute 19% in ICICI Lombard's Rs 5,700-cr IPO

ICICI Lombard is a joint venture between ICICI Bank and Fairfax Financial Holdings

ICICI Lombard sets IPO price band, looks to raise Rs 5,700 crore

ICICI Bank, the majority shareholder of ICICI Lombard, will dilute 31,761, 478 of its equity shares

ICICI Lombard's Rs 5,700-cr IPO: Price band set at Rs 651-661 per share

Sources said the company promoters will dilute their holding by 19% as part of the issue

ICICI Lombard IPO to open for subscription from Sept 15

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

ICICI Lombard IPO to hit market on September 15

ICICI Lombard is a joint venture between ICICI Bank and Canada-based Fairfax Financial Holdings Ltd

ICICI Lombard gets Sebi's approval for Rs 6,000 crore IPO

This could be the first by a general insurer in the country

ICICI Lombard files for first IPO by non-life insurer, to dilute 19% equity

ICICI Lombard General Insurance on Friday said it would offer about 19 per cent of its shares in an initial public offer (IPO), in which parent ICICI Bank and a unit of Fairfax Financial Holdings will offload their shares.This is the first time that a non-life insurance company has filed a draft red herring prospectus for an IPO. In the prospectus, the insurer said it would offer 86,247,187 equity shares, at the face value of Rs 10 per share, representing about 19 per cent of its equity share capital. ICICI Bank, the majority shareholder of ICICI Lombard general insurance, will dilute 31,761, 478 of its equity share, while FAL Corp, a unit of Fairfax Financial Holdings, will dilute upto 54,485,709 equity shares.Around 5 per cent of the total shares offered for dilution, that is 4,312,359 equity shares, will be reserved for individual and Hindu Undivided Family (HUF) shareholders of ICICI Bank, the bank said in a statement to exchanges. This is the second insurance company of ICICI ...

ICICI Bank to sell part of its stake in ICICI Lombard via IPO

The bank said that the IPO size and other details of the offer would be determined in due course

ICICI Lombard may be first private general insurer to go public this year

ICICI Lombard, largest private general insurer in the country, has begun preparing for an Initial Public Offer (IPO) of equity. This could be the first such by a private general insurer. It has begun discussion with investment bankers and aims to hit the market in the second half of this financial year, said two people familiar with the matter. The issue size is expected to be between Rs 3,500 and Rs 4,500 crore. ICICI Lombard is a joint venture between ICICI Bank and Canada-based Fairfax Financial Holdings. The IPO will enable the shareholders to monetise their holdings. Fairfax, with 35 per cent in the venture, could divest its stake. ICICI Lombard has 8.4 per cent of the market in general insurance. It is a presence in the vehicle, home, travel and health insurance spaces. The firm has 19,800 agents/brokers. Interestingly, Fairfax has got a preliminary conditional nod from the Insurance Regulatory and Development Authority of India for a new non-life venture, with another partner. .