The initial public offering of ICICI Prudential Life Insurance received bids for 52 per cent of the offer-for-sale of over 13.23 crore shares remaining for subscription.
At 5 p.m. on Day 2, bids for over 6.87 crore shares were received across both the exchanges BSE and NSE. Of this, bids for over 3.79 crore shares were placed at the cut-off price. The total IPO size at the upper end of the price band of ₹300-334 is over ₹6,000 crore.
The public offer of over 18.13 crore equity shares includes anchor investors’ portion of over 4.89 crore shares.