# Business

ICICI Lombard IPO to open on September 15

ICICI Lombard General Insurance Company Limited today said it will launch its initial public offering on September 15. The issue…

PTI | Jaipur | September 9, 2017 4:07 pm

ICICI Lombard General Insurance Company Limited today said it will launch its initial public offering on September 15.

The issue of the company will open on September 15 and close on September 19.

Through this IPO, the promoters will dilute up to 86,247,187 equity shares with a face value of Rs 10 each of ICICI Lombard.

The price band of the IPO has been fixed in the range of Rs 651- Rs 661 per equity share, Sanjeev Mantri, executive director of the company said.

Shares of Hyundai Motor India, that were listed at Rs 1,931 apiece, have slipped more than 10 per cent from its IPO price.

The IPO received bids for about 1.8 crore shares against around 16 crore shares on offer, according to the NSE data.

The country's largest IPO, Hyundai Motor India, has disappointed investors to date.