ICICI Bank IPO Details

Bid/Issue opens: June 19, 2007
Bid/Issue closes: June 22, 2007
Price Band: Rs 885 - 950
Minimum application: 6 shares and in multiples of 6 shares thereof
Maximum Retail Bid Amount: Rs 100,000

Key Features

Discount : Discount to Issue Price of Rs 50 per share for Retail bidders

Payment option I (Part payment)
Retail bidders: Rs. 250 per Equity Share on application. Rs. 250 on allotment and the balance on call to be made within six months of allotment.
The retail client can maximum bid for 114 x Rs. 885 = 1,00,890 wherein he will have to pay 114 x Rs. 250 = 28,500/-.
At lower side, client can bid for 108 x Rs. 950 = 1,02,600 wherein he will have to pay 108 x Rs. 250 = 27,000/-
In case a client applies for first bid of 114 shares and second bid for 108 shares cheque amount would be for 114 x 250 = 28,500 i.e the maximum no of shares x Rs 250.

Payment option II (Full payment)

Retail customer can bid for maximum 114 shares at bid amount of Rs. 885/- (lower price band), whereby bid value which will go in Exchange will be Rs. 1,00,890/- (114 x 885) and bank account will be debited for Rs. 95,190/- (114 x 835*) after considering discount of Rs. 50/-.
Further, retail client can bid for 108 shares at bid amount of Rs. 950/- (upper price band) whereby bid value which will go in Exchange will be Rs. 1,02,600/- (108 x 950) and bank account will be debited for Rs. 97,200/- (108 x 900*) after considering discount of Rs. 50/-.