ICICI Prudential Life IPO: 10 things to know Before Subscribing

ICICI Prudential Life Insurance Company, the largest private sector life insurer by total premium and assets under management in FY16, will open its Rs 6,057-crore public issue for subscription on September 19. 

 

It is the largest IPO in last six years after Coal India 's Rs 15,000-crore public issue. The price band is fixed at Rs 300-334 per share for its 18.13 crore equity shares initial public offer (representing 12.63 percent of the post-offer paid-up equity share capital) that will close on September 21. 

 

It is an offer for sale by ICICI Bank . Hence, the company will not get any issue proceeds. Incorporated at Mumbai in July 2000, ICICI Prudential Life already raised Rs 1,635 crore through anchor investors' portion on Friday, the day before issue opening. 

 

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