According to the data available on the BSE website, the portion reserved for qualified institutional buyers (QIB) was oversubscribed by 1.55 per cent.
The reinsurance major has fixed the issue price in the band Rs 855 to Rs 912 per equity share. The face value of the share is Rs 5.
The number of shares on the offer was 12,47,00,000 shares and as per BSE data at 6 p.m. total number of bids were 9,40,62,368.
The issue will close on October 13, 2017.
Post issue the promoters stake would come down to 85.78 per cent and the total equity capital will be up to Rs 438.6 crore from Rs.430 crore.
The IPO is a mix of offer of sale and fresh issue.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.