ICICI Prudential Life Insurance Shares In Finance

2 years ago Nikhil Pillai 0

ICICI Prudential Life Insurance Shares In Finance

ICICI Prudential Life Insurance Company is a joint investment between ICICI Bank. One of India’s foremost financial services companies-and Prudential Corporation Holdings Limited. A first international financial services group, headquartered in the United Kingdom.

India’s largest private sector life insurer ICICI Prudential Life Insurance Company will list its equity shares on September 29 and became the first Indian insurer to get place on stock exchanges. The scrip of insurer gets list at Rs 329 on BSE(Bombay Stock Exchange), a 1.5 percent discount to offer price of Rs 334. On NSE(National Stock Exchange), the stock got listed at Rs 330 respectively.

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As the progress, the stock extended losses and dropped 5.5 percent to hit a low of Rs 315.65 on BSE.

On NSE, the scrip plunged 5.56 per to hit a low of Rs 315.40.

At opening trade, the market capitalization of the insurer was at about Rs 48,000 crore, which is on the top list of 50 firms regarding market capitalization on BSE.

 

The shares on offer for the public got subscriptions worth Rs 46,298 crore. In which, along with shares worth Rs 1,635 crore previously allocated to anchor investors, have taken the entire bid amount to Rs 47,933 crore.

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The IPO(Initial public offering) received bids for 138.58 crore shares against the total issue size of 13.23,78 crore shares, as per data available with the NSE.

Nikhil Pillai

Nikhil Pillai is the co-founder at Digito Private Limited. He is a digital marketing veteran with a lot of experience and expertise in developing websites too. He is mostly a vivid reader and loves to travel a lot. Bikes and Football are his passions apart from watching movies that come with a twist.

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