| The ICICI Bank scrip closed at Rs 291.50 on the Bombay Stock Exchange (BSE) yesterday, down 1.29 per cent over Tuesday's close of Rs 295.30. |
| According to the data available at the National Stock Exchange website at 8.30 PM, foreign institutional investors has put in bids for 179.5 million shares while the insurance companies have put in bids from 2 7.4 million shares. |
| Over all the issue has received bids for 239.1 million shares as against the issue size of 119.6 million shares. According to the data, the maximum bids have been posted at Rs 280 per share. |
| The ICICI Bank issue was fully subscribed on the first day itself. |
| The maximum number of bids (80.9 million shares) were received at Rs 280, followed by 63.5 million shares at Rs 295. Bids for 22.6 million shares were received at Rs 255. |
| The Life Insurance Corporation of India (LIC), the General Insurance Corporation of India (GIC) and its four erstwhile subsidiaries had made their initial bid at Rs 285 per share. |
| The insurance behemoth has made a bid for 10 per cent of the issue size. It currently holds 7.98 per cent stake in the private sector bank. |
| GIC and the four state-owned general insurance companies intend to maintain their total current holdings in the bank at 6.59 per cent. |
| They have accordingly bid for a portion of the fresh issue whereby if allotted, their stake will be maintained. |
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