ICICI Lombard's IPO Subscribed 98% On Day 2

New Delhi: The initial share sale offer of ICICI Lombard General Insurance Company was subscribed 98 per cent on the second day of bidding today, as per stock exchanges data. The initial public offer (IPO), through which the insurer is looking to raise about Rs 5,700 crore, received bids for 6,01,87,028 shares against the total issue size of 6,16,66,740 shares, data available with the NSE showed. The category for qualified instituti...