Key Highlights
- Marking the ICICI group’s first IPO in eight years, the issue attracted bids worth nearly ₹3 lakh crore, making it the fourth most-subscribed IPO in India’s capital market.
- Prior to this, the three group companies, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and ICICI Securities, which listed in 2016, 2017 and 2018, respectively had opened at a discount.
- ICICI Prudential Life Insurance shares had listed at ₹329 in September 2016, a discount of 1.50% as against its offer price of ₹334.
- By the end of the trading session, it had slumped to ₹297.65 on the BSE, shedding 10.88%.
- It was followed by the listing of ICICI Lombard General Insurance Company in September 2017 at a 1.66% discount at ₹650 as against the IPO price of ₹661.
