Business Daily from THE HINDU group of publications
Sunday, Jun 24, 2007
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Business Daily from THE HINDU group of publications Sunday, Jun 24, 2007 ePaper |
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Private Banks Money & Banking - Public Offer
Our Bureau
Mumbai June 23 ICICI Bank has fixed the offer price of its follow-on public issue at Rs 940 per equity share. For retail investors the price would be Rs 890, which is a discount of Rs 50 from the offer price. The issue price represents a premium of 3.6 per cent to the average closing price since the announcement of the issue on April 28, the bank said in a press release. ICICI Bank's scrip closed at Rs 953.75 on Friday. The price band for the 100 per cent book-building issue was Rs 885-950. The issue was subscribed 11.5 times with the qualified institutional buyers category being subscribed 21.6 times, non-institutional investors category being subscribed 6.1 times and retail individual investors category being subscribed 1 time. The size of the domestic issue was Rs 8,750 crore with a greenshoe option of Rs 1,312.5 crore.
Related Stories: More Stories on : Private Banks | Public Offer | ICICI Bank Ltd
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