"By and large we are satisfied with the retail investor response to the bond issue," said the official. The bond issue has a greenshoe option allowing the institution to retain oversubscription up to the extent of Rs 300 crore.

The present bond issue is part of the Rs 3,000-crore umbrella bond issues that ICICI has lined up to be brought to the market throughout the year. The institution has got a one-time vetting of the issue prospectuses from the Securities and Exchange Board of India with freedom to fix the coupon rate as and when it approaches the market.