News From Press ICICI Lombard IPO: Price band set at Rs651-661 per share

ICICI Lombard IPO: Price band set at Rs651-661 per share

Source: Mint Sep 8, 2017

ICICI Lombard General Insurance Co. Ltd has set a price band of Rs651-661 per share for its initial public offering (IPO), according to a filing with the stock exchanges on Thursday.

The ICICI Lombard IPO will launch on 15 September and close on 19 September, the insurance firm said earlier on Thursday.

Founded in 2001, ICICI Lombard is the first non-life insurance company to file for an IPO. The initial share sale, a pure offer for sale, will see stakeholders ICICI Bank Ltd and Fairfax Financial Holdings Ltd sell around 86.24 million shares.

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