New Delhi: Shares of ICICI Prudential Life Insurance made a sluggish debut at bourses Thursday, falling 1.5 percent, against the issue price of Rs 334.


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The stock listed at Rs 329, down 1.49 percent over the issue price, on BSE. It later touched a day's low of Rs 315.65, a slump of 5.49 percent.


At NSE, it debuted at Rs 330, down 1.19 percent.


The company commands a market valuation of Rs 46,023.66 crore.


ICICI Prudential Life Insurance recently concluded its Rs 6,057-crore IPO with an oversubscription of more than 10 times.


The price band was fixed at Rs 300-334 per share. At the upper end, the offer is worth Rs 6,057 crore and was open to subscription during September 19-21.


This was the biggest initial public offering after Coal India, which had hit the capital market in 2010 to raise over Rs 15,000 crore.


The insurer is a venture between banking major ICICI Bank and UK's Prudential Corporation Holdings. Singapore's Temasek and PremjiInvest are also the shareholders.