ICICI Securities OFS subscribed 4.4 times on heavy institutional interest



The share sale in on Wednesday generated over four times demand than the shares on offer.


Institutional investors placed bids for 28 million shares as against 6.4 million shares on offer in the offer for sale (OFS).



Most of the bids came in at Rs 460 per share. Shares of ended at Rs 477 in the secondary market.


Another 712,141 shares meant for retail investors will be auctioned on Thursday.


The floor price for the OFS has been set at Rs 440 per share.


Parent is offloading 2.21 per cent stake in its broking and investment banking arm through the OFS. Currently, holds about 77.2 per cent stake in The share sale will help the bank comply with the minimum public shareholding norms.

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