FinanceInFocusLimeLightNews

ICICI Pru IPO Subscribed close to 60 % So Far

Sharing is caring!

MUMBAI: The Rs 6,000-crore initial public offering (IPO) ICICI Prudential Life Insurance Company was subscribed close to 60 % day ahead of its close. In order to sail through successfully, ICICI Pru Life needs bids worth at least Rs 2,124 crore on the final day.

A total of 68.7 million bids have so far been received against 132.4 million on offer. While the institutional investor portion was subscribed 59 per cent, the high networth and retail portions were subscribed 15 per cent and 65 per cent respectively.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button