ICICI Bank offers Rs 50 off to retail investorsBS Reporter / Mumbai June 17, 2007ICICI Bank has fixed a price band of Rs 885 to Rs 950 per share for its follow-on public offer (FPO) of Rs 8,750 crore. The issue will have a greenshoe option of Rs 1,312.5 crore through the book building route.Retail bidders and existing shareholders will be allotted shares at a discount of Rs 50 per share to the issue price, which will be determined after the offer closes on June 22. The minimum bid size will be six equity shares for retail bidders and existing retail shareholders. Bids will have to be in multiples of six equity shares for all bidders.The ICICI Bank shares had closed at Rs 908 a share on the Bombay Stock Exchange on Friday. The floor of the price band is 2.6 per cent lower than the closing price and the upper end of the band is 4.4 per cent higher.The issue will open on June 19. The bank will also raise Rs 10,062.5 crore, including a greenshoe option of Rs 1,312.5 crore through issuance of American Depository Shares. The bank
