ICICI Bank raises Rs 15,000 cr via QIP at an issue price of Rs 358 a share

The names of allotees are Monetary Authority of Singapore (11.08 per cent), Morgan Stanley Investment Management Inc (7.31 per cent) and Societe Generale (5.55 per cent)

ICICI Bank said on Saturday it has completed the allotment of equity shares under its qualified institutions placement and raised about Rs 15,000 crore through the issuance of 41.89 crore equity shares at an issue price of Rs 358 per unit.

The issue price represents a 1.9 per cent premium to the floor price determined based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR regulations and a discount of 1.5 per cent to the closing price of bank's equity shares on BSE and NSE prior to the launch of issue.

"The equity issuance witnessed healthy participation from