ICICI Lombard General Insurance's Rs 5,700 Crore IPO Opened

ICICI Lombard General Insurance's Rs 5,700-crore IPO opened for subscription today, with a price band of Rs 651-661 per share.

The company raised Rs 1,624.77 crore by allotting 2.45 crore shares to 64 anchor investors at the upper band of Rs 661 apiece.

The issue will close on September 19.

ICICI Lombard General Insurance is a joint venture between ICICI Bank and Canadian NRI Prem Watsa-promoted Fairfax Financial Holdings.

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