The Hindu Business Line : ICICI Bank follow-on offer subscribed by 3.15 times

Mumbai June 20 ICICI Bank's follow-on public offer of about 9.88 crore shares was subscribed 3.15 times on the second day of issue, according to the NSE Web site. On Wednesday, the qualified institutional investor's portion was subscribed by 6.24 times, while the retail individual investor's portion was by 0.0362 times (against yesterday's 0.0064 times)and non-institutional investors portion by 1.269 times.

The bank received 31.18 crore bids and received 10.32 lakh bids at the cut-off price, according to the data available on the NSE at 5 pm. Maximum bids were received at the lower end of the price band.

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ICICI Bank follow-on offer subscribed by 3.15 times