09 Jun 07 ICICI Bank IPO : ICICI Bank mega FPO
June 2007 is likely to be remembered by Indian investors investing in the primary IPO market for a long time, as the month of the mega IPO issues. Just one week after the mega 9500 crore DLF IPO, ICICI bank will be coming out with a 10,000 crore IPO issue. The ICICI Bank IPO is scheduled to open for subscription on June 18th. However, the ICICI Bank IPO may be postponed since the investment bankers managing the ICICI Bank IPO issue feel that the DLF IPO will suck out all the liquidity in the market. It would be perfect for the ICICI Bank IPO to open for subscrition in july when the refund from the DLF IPO would have arrived and most retail investors would have cashed out after DLF lists in the stock market. ICICI Bank will also sell 5% stake in the ICICI group holding company, ICICI holdings. Following the increase in interest rates, banks including ICICI Bank, Central Bank are coming out with IPO / FPO issues to raise cheap funds. Banks will also need capital for the meeting the CAR as per the BASEL II norms. For more details about the ICICI Bank IPO keep checking this space regularly. ICICI Bank IPO is likely to be priced at about Rs. 900. In its previous FPO, ICICI Bank offered a 5% discount on the IPO issue price for retail investors. Hope ICICI Bank follows the same strategy this time too. In its previous IPO ICICI Bank had a green shoe option which acts as an insurance, to a certain extent, against the unlikely event of the share price falling below the IPO issue price, soon after listing.
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want to apply in dlf ipo
In its previous IPO ICICI Bank had a green shoe option …
What does it mean by green shoe option?
Green shoe option is the option to issue additional shares to IPO investors in case the IPO oversubscribes
SEND ME NEW IPO THAT ARE LIKELY TO HIT MARKET SOON…
SEND ME NEW IPO THAT ARE LIKELY TO HIT MARKET SOON…