Watch accompanying video of Chanda Kochhar, CEO of ICICI Bank speaking at ICICI Lombard's initial public offering (IPO) press conference.
The reserved portion of qualified institutional investors saw subscription of 134.66 times while the portion set aside for retail investors has been oversubscribed 10.60 times and non-institutional investors 345.61 times.
The Rs 600-crore IPO has oversubscribed 1.18 times on Thursday, as per data available on the National Stock Exchange.
The IPO will involve 120 million secondary shares, or 12 percent of the insurer's equity capital.
ICICI Lombard General Insurance Company will launch its initial public offer of up to 8,62,47,187 equity shares on September 15.
The initial public offering (IPO) of Dixon Technologies opens up for subscription. The company looking to raise about Rs 600 crore.
The very first reason for avoiding the issue is its weak financials and the second prominent reason is its valuations, which are high compared to listed peers, analysts said.
The company expects to raise Rs 60 crore from the primary round of equity sale and Rs 540 crore from offer for sale.
Madhya Pradesh Today Media intends to raise Rs 14.16 crore through public issue of 21,46,500 equity shares at a price of Rs 66 per share.
Listing of Reliance General Insurance is expected to be completed in FY18, the company said.
Brokerages largely remain positive on the issue and recommend subscribing to it from a long term perspective. Moneycontrol takes a look at what brokerages are saying.
Bharat Road Network aims to garner around Rs 600 crore through the issue that will close on September 8.
Indore-based snacks maker Prataap Snacks expects to launch its Rs 250-crore initial public offer (IPO) in the next couple of months.
The public issue comprises of fresh issue up to Rs 130 crore and an offer for sale of up to 37,67,254 equity shares by promoter and promoter group.
The initial public offer of Matrimony.com, which runs online match making business under BharatMatrimony brand, is likely to open on September 11.
Bharat Road Network is targeted to raise around Rs 600 crore at higher end of price band, through this issue.
The company is selling new shares to raise up to 600 million rupees, while some of its shareholders are planning to sell just over 3 million shares in the offer that closes on September 8.
Future Enterprises holds 57.42 percent stake in the company and Griffin India Partners 40 percent as of March 2017.
The retail investors category was oversubscribed 8.3 times and the non-institutional investors category 7.82 times while the reserved portion of qualified institutional investors oversubscribed 1.91 times.
The IPO, with an aim to raise up to Rs 152 crore, received bids for 69,46,240 shares as against the total issue size of 62,10,000, NSE data till 1445 hours showed. Apex Frozen on Monday raised over Rs 43 crore from anchor investors. The offer will close tomorrow.
The company aims to raise around Rs 152 crore through the issue that will close on August 24.
Apex Frozen Foods, which is in the business of aquaculture products, today raised over Rs 43 crore from anchor investors ahead of its IPO, which opens tomorrow.
At the upper end, the shares can fetch up to Rs 152.25 crore while at the lower limit, the company will raise at least Rs 148.77 crore.
Aside has a sizeable presence in the middle east with 7 hospitals, 89 clinics and 202 retail pharmacies in the Gulf Cooperation Council (GCC) states . It also has 11 multi-speciality hospitals and 6 clinics in India, and one clinic in the Philippines as of 31 March.