News Asia20 Sep 2017

India:ICICI Lombard General's IPO subscribed by almost 3x

20 Sep 2017

The initial public offer (IPO) of ICICI Lombard General Insurance, the first by a nonlife insurer in India, was oversubscribed 1.97 times when the exercise closed yesterday, with bids for over 183 million equity shares against an issue size of 61.6 million shares, excluding anchor investors' portions.

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