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ICICI Lombard IPO Almost Fully Subscribed On Second Day Of Bidding

The quota for qualified institutional buyers saw the highest subscription on Monday.

Arundhati Sarkar
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Lombard General Insurance Company’s Rs 5,700-crore initial public offering was almost fully subscribed on the second day of bidding.

Also Read: Banks Reap A Windfall In Insurance Arm IPOs

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