ICICI Securities, The Subsidiary Of ICICI Bank, Finally Closed The Issue - Dollar Advisory & Financial Services

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Tuesday 27 March 2018

ICICI Securities, The Subsidiary Of ICICI Bank, Finally Closed The Issue

ICICI Securities, the subsidiary of ICICI Bank, finally closed the issue and raised approximately Rs 3,500 crore against total IPO size of Rs 4,017 crore earlier due to tepid response from non-institutional and retail investors on final day yesterday.

The offer was largely supported by qualified institutional investors whose reserved portion fully subscribed on the last day.

“The company has successfully closed its proposed Offer for Sale by ICICI Bank and raised approximately around Rs 3,500 crore," ICICI Securities said.

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