ICICI Prudential Asset Management Company has set a price band of 2,061 to 2,165 rupees ($22.92-$24.07) per share for its initial public offering it said in a filing dated Saturday.
The company, a venture between India’s second-largest private lender, ICICI Bank and British insurer Prudential , plans to sell 49 million shares in the IPO.
Subscriptions for the IPO, which is a pure offer-for-sale, will open on Friday and close on December 16.
($1 = 89.9340 Indian rupees)
Reuters
