Date:02/12/2005 URL: http://www.thehindubusinessline.com/2005/12/02/stories/2005120203771500.htm

Back ICICI Bank public issue gets 55% subscription on first day

Our Bureau

Mumbai , Dec. 1

ICICI Bank's domestic offering of Rs 5,750 crore was subscribed to the extent of 54.73 per cent at the end of the first day of the issue.

Bids were offered at a price of Rs 525, Rs 530 and Rs 545. The bank had a price band of Rs 505-545 a share for its public issue of shares through the book-building route.

The bank is raising Rs 5,750 crore (including a green-shoe option of Rs 750 crore) from the domestic market. This is part of a combined issue of Rs 8,050 crore, including an issue of ADRs.