ICICI Pru IPO Subscribed close to 60 % So Far

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.