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ICICI Bank’s biggest Insurance IPO for ICICI Lombard General Insurance IPO launched on Friday with Brokerages recommend subscribing to the Rs 5,700-crore initial public offering of India’s largest non-life private sector insurer. ICICI Lombard is a joint venture between ICICI BankBSE -0.48 % and Fairfax Holdings.
The IPO will see ICICI Bank initial offer is 86247187 Equity Shares of each face value of Rupees 10 out of which ICICI has 3.1 crore shares and Fairfax’s indirect subsidiary selling 5.6 crore shares.
Company informed this details to media at an press meet at Kolkata on 14th Sep 2017.
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