India: ICICI Securities cut IPO size to nearly $542m owing to weak subscription

India: ICICI Securities cut IPO size to nearly $542m owing to weak subscription

Photo: Reuters

ICICI Securities Ltd, the brokerage and investment banking arm of ICICI Bank Ltd, on Monday cut the size of its initial public offering (IPO) to around Rs3,520 crore after IPO witnessed low subscription, especially in the portion of shares reserved for high net-worth individuals (HNI).

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