14 Jun 07 ICICI Bank FPO : Retail Investors to get 5% discount
ICICI Bank seems to be highly retail investor friendly and seems to have a soft corner for small investors. Just like the discount offered in its previous FPO (Follow on public issue), ICICI Bank will be offering retail investors a similar 5 % discount in the present FPO. This makes the ICICI Bank FPO very attractive to small investors since they already have a 5% upside potential on the table. This discount and the Green shoe option (if exercised) will make the FPO very safe for retail investors. The price band for the ICICI Bank FPO has not been fixed yet. ICICI Bank prefers to wait and look at the response the DLF IPO gets before deciding on the price band for their FPO. So, if DLF IPO does well, ICICI Bank will fix a higher price band for their FPO. On the other hand if the DLF IPO does not do well, ICICI Bank might be a bit more conservative in fixing the price band for the FPO issue. The ICICI Bank FPO’s price band will be made public on Monday June 18th which is just one day prior to the ICICI Bank FPO opening for subscription.
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Dear Bullish Indian,
Will you please explain what exactly is “Green Shoe Option” and whether to exercise or not by retail investors ?
Thanks.
akkbatra
dear bullishindian
ihave apply bank cut-off 900@ what is expected to when allotment of share gain. Is there right info. that ICICI every sector is exteact befor november end. insurance , life insu. , productial, and other.
harshal shah
Even i heard abt such a rumour. However, I’m not sure how far it is true