Bidding for ICICI Lombard’s IPO closes on Tuesday. Photo: MintMumbai: The initial public offering (IPO) of general insurance firm ICICI Lombard General Insurance Co. Ltd to raise as much as Rs57 billion was fully subscribed early on the last day of the sale on Tuesday, stock exchange data showed. As of 10.45am, the sale had received bids 1.03 times the number of shares on offer, according to data from the BSE and the NSE. Bidding for the sale closes later on Tuesday. Exchange data showed qualified institutional buyers had bid for 2.37 times the shares on offer for that category, while retail investors had bid 0.62 times, shareholders bid for 0.58 times and non-institutional investors bid 0.10 times.

Source: Mint September 19, 2017 06:22 UTC