| ICICI Bank today priced its Rs 5,000 crore domestic public issue at Rs 525 a share, while the $433 million (about Rs 2,000 crore) American depository share (ADS) was priced at $26.75 per ADS. For domestic retail investors, the issue price will be Rs 498.75 per share, at 5 per cent discount. |
| The stock price of the private bank today rose to close at Rs 542.45 on the National Stock Exchange, up from Rs 529.90 yesterday. ICICI bank's ADS closed at $27 on the New York Stock Exchange yesterday. Each ADS represents two equity shares of the bank. |
| The domestic issue has a greenshoe option of Rs 750 crore and the ADS has a greenshoe option of $65 million (about Rs 300 crore). The bank may exercise the options in due course. The new shares and the ADSs will be listed on December 16. |
| The combination of domestic issue and the ADS received bids worth Rs 75,000 crore. The bidding for public issue was open from December 1 to 6. The price band was Rs 505 to Rs 545 a share and most of the bids received were around Rs 530. |
| The response from retail investors in domestic issue was for Rs 1,710 crore against Rs 1,900 crore reserved for them. ICICI Bank received bids 1.73 times the portion reserved for high net worth individuals. |
| The bank has reserved 25 per cent of the ADS offering to the public offering without listing in Japan. |
| DSP Merrill Lynch and JM Morgan Stanley Pvt Ltd are book running managers for public issue in India. Merrill Lynch International, Morgan Stanley and Nomura Securities are the joint global coordinators for the ADS offering. |
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