ICICI Public Offer Generates Fervent Response

A portion of the 46.9 million shares allotted to Qualified Institutional
bidders (QIB) received a wholehearted response being bid six times the
offer, with foreign institutional investors (FIIs) tendering 19 crore
applications and domestic financial institutions bidding for 9.09 crore
shares.

5% of the shares were secured for existing retail shareholders
who had fewer than 110 stocks of the bank before June 13, 2007,
and all retail investors are entitled to a discount of Rs.50 through
the book-building process.

The discount to retail shareholders would be adjusted
in the final call amount.
As for non-institutional bidders, the payment would have to
be made in two instalments – Rs. 250 on application, and the
rest when the shares are allotted.

In the case of QIBs, 10% of the share
bid is to be submitted on application, the margin amount once
the allocation is confirmed, less Rs.250 per share, and the balance on
the final allotment.