ICICI Bank has filed a draft red herring prospectus with SEBI to take its subsidiary company ICICI Securities public in the coming days.

The proposed public offer involves ICICI Bank shedding 20 per cent holding in ICICI Securities through OFS route.

Over 6.44 crore equity shares or 20 per cent of I-Sec’s share capital of face value ₹5 each will be on offer.

The proposed offering will include a reservation of over 32.21 lakh shares (up to 5 per cent of the offer) for individual and HUF shareholders of ICICI Bank, according to the draft red herring prospectus.

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