ICICI Lombard General Insurance Company’s initial public offer (IPO) will open on September 15 and close on September 19. The price band is Rs 651 to Rs 661 per share.
For buying or selling shares of ICICI Lombard, please call on 08108234400 or click on https://buysellunlistedshares.com/buysell/
ICICI Lombard is a joint venture between ICICI Bank and Canada-based Fairfax Financial Holdings Ltd. The company is the largest private-sector non-life insurer in India based on gross direct premium income in fiscal 2017. It was valued at Rs 20,300 crore as per the last deal.
The issue consists of offer for sale of up to 3,17,61,478 equity shares by promoter ICICI Bank, up to 5,44,85,709 shares by investor Fal Corporation. The issue also include a reservation of up to 43,12,359 equity shares for purchase by ICICI Bank shareholders.