ICICI Prudential Life Insurance IPO opens for bidding

The initial public offering (IPO) of ICICI Prudential Life Insurance Co. opens for bidding today, 19 September 2016. The IPO closes on 21 September 2016. The price band for the IPO is Rs 300- 334 per share.

The recent market buoyancy has triggered an IPO boom. Companies with good fundamentals are seeing huge oversubscription, leaving investors with nil or low allotment. For assured allotment of desired quantity of shares of ICICI Prudential at attractive price and for more details, please call on 08108234400 or email me on buysellunlistedshares@gmail.com

ICICI Bank raised Rs 1635.33 crore by selling shares at Rs 334 per share to anchor investors as part of the Rs 6056 crore public issue. India’s largest private sector bank by asset size sold 48.96 million ICICI Prudential Life shares to institutional investors via an anchor allotment. At the upper end, ICICI Prudential Life will be valued at Rs 47,955 crore.

ICICI Prudential Life filed its IPO proposal with the Securities and Exchange Board of India (Sebi) on 18 July and received the regulator’s approval on 2 September.

 

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