<p> ICICI Prudential Life Insurance Company has raised Rs 1,635.33 crore through an anchor allotment of 4.89 crore shares. The allotment was done at the higher end of the price band (Rs 334 per share), ICICI Prudential Life Insurance Company said.<br /><br /></p>.<p>Anchors for the issue include Morgan Stanley, Goldman Sachs, Nomura, Government of Singapore, UTI Mutal Fund, Russell Investment, GMO Emerging, SBI Mutal Fund, Tata Mutal Fund, HDFC Standard Life, Reliance, Birla Sun Life, Kotak Mahindra, IDFC among others.<br /><br />ICICI Prudential Life is planning to raise a tad above Rs 6,000 crore (at the upper end of the price band) through its initial public offering of 18.13 crore shares at a price band of Rs 300 to Rs 334 per share through an offer for sale by ICCI Bank. <br /><br />The IPO will open on Monday, September 19, 2016, and close on Wednesday, September 21, 2016. DSP Merrill Lynch and ICICI Securities are the global coordinators and book running lead managers to the issue. <br /><br />CLSA India, Deutsche Equities India, Edelweiss Financial Services, HSBC Securities and Capital Markets (India), IIFL Holdings, JM Financial Institutional Securities, SBI Capital Markets and UBS Securities India are the book running lead managers to the issue.<br /><br />The public offer comprises of up to 18,13,41,058 equity shares of ICICI Prudential Life Insurance Company, including a reservation of up to 1,81,34,105 equity shares (10% of the offer) for the shareholders of ICICI Bank.<br /><br />The offer would constitute 12.63 % of the company’s post-offer paid-up equity share capital, being . At the upper end of the price band, the offer would be worth Rs 6,057 crore.<br /><br />This would be the biggest initial public offering after Coal India. The state-run firm had hit the capital markets in 2010 to raise over Rs 15,000 crore.</p>
<p> ICICI Prudential Life Insurance Company has raised Rs 1,635.33 crore through an anchor allotment of 4.89 crore shares. The allotment was done at the higher end of the price band (Rs 334 per share), ICICI Prudential Life Insurance Company said.<br /><br /></p>.<p>Anchors for the issue include Morgan Stanley, Goldman Sachs, Nomura, Government of Singapore, UTI Mutal Fund, Russell Investment, GMO Emerging, SBI Mutal Fund, Tata Mutal Fund, HDFC Standard Life, Reliance, Birla Sun Life, Kotak Mahindra, IDFC among others.<br /><br />ICICI Prudential Life is planning to raise a tad above Rs 6,000 crore (at the upper end of the price band) through its initial public offering of 18.13 crore shares at a price band of Rs 300 to Rs 334 per share through an offer for sale by ICCI Bank. <br /><br />The IPO will open on Monday, September 19, 2016, and close on Wednesday, September 21, 2016. DSP Merrill Lynch and ICICI Securities are the global coordinators and book running lead managers to the issue. <br /><br />CLSA India, Deutsche Equities India, Edelweiss Financial Services, HSBC Securities and Capital Markets (India), IIFL Holdings, JM Financial Institutional Securities, SBI Capital Markets and UBS Securities India are the book running lead managers to the issue.<br /><br />The public offer comprises of up to 18,13,41,058 equity shares of ICICI Prudential Life Insurance Company, including a reservation of up to 1,81,34,105 equity shares (10% of the offer) for the shareholders of ICICI Bank.<br /><br />The offer would constitute 12.63 % of the company’s post-offer paid-up equity share capital, being . At the upper end of the price band, the offer would be worth Rs 6,057 crore.<br /><br />This would be the biggest initial public offering after Coal India. The state-run firm had hit the capital markets in 2010 to raise over Rs 15,000 crore.</p>
