ICICI Lombard IPO to hit market on Sept 15; 86,247,187 shares on sale
9 Sept 2017 4:08 PM IST
The price band of the IPO has been fixed in the range of Rs 651- Rs 661 per equity share.
Bank said the credit is interest-free for first 45 days, after which if money is not repaid, the customer will have to pay Rs 50 towards delayed payment fee and 3 pc interest. (Photo:Representational/PTI)
Jaipur: ICICI Lombard General Insurance Company Limited on Saturday 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.
( Source : PTI )
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