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ICICI Prudential became the first insurer in the country to be listed on the BSE and NSE on Thursday.
Updated : Mar 22, 2018, 02:58 AM IST
ICICI Prudential Life Insurance Limited became the first domestic insurer on Thursday to list its shares.
The company's shares debuted on the BSE at Rs 329 apiece, a 1.5% discount from the issue price of Rs 334. On the NSE, it was listed at 330 a share.
Intraday, ICICI Pru's shares hit a day's low of Rs 315.65, down 4.1% from the listing price of Rs 329 and down 5.5% from the initial issue price.
ICICI Prudential Rs 6,000-crore IPO opened on September 19, and concluded last week on September 21. It was oversubscribed 10.48 times.
The IPO will have ICICI Bank sell 12.63% of its stake to raise nearly Rs 6,057 crore, while Prudential Partners will not be trimming its stake holding.