India 's ICICI Lombard hopes to raise INR5,700 crore ( $ 500 m ) via an initial public offering ( IPO ) . ICICI Lombard , which has about an 8.4 % market share of the country 's general insurance industry , will be India 's first non - life insurance to be listed . It has set a price band of INR651 to INR661 per share , and will see stakeholders Axis Bank and Fairfax Financial Holdings offload 86.24 million shares .
India's ICICI Lombard hopes to raise INR5,700 crore ($890m) via an initial public offering (IPO). ICICI Lombard, which has about an 8.4% market share of the country's general insurance industry, will be India's first non-life insurer to be listed. It has set a price band of INR651 to INR661 per share, and will see stakeholders ICICI Bank and Fairfax Financial Holdings offload 86.24 million shares.