The brokerage and investment banking firm ICICI Securities Limited is going to launch its initial public offering (IPO) in March 2018. The parent company of ICICI Securities is the ICICI Bank Ltd. ICICI Securities is the third company from the ICICI group to raise money from the markets. In 2017, ICICI Lombard General Insurance Co. Ltd raised Rs. 5,700 crore and in 2016, ICICI Prudential Life Insurance Co. Ltd raised Rs. 6,000 crore in an IPO.
ICICI Securities Ltd IPO
ICICI Securities is planning to raise Rs. 4,017 crore from this share sale. The company has notified the dates of the IPO along with the price band and other details. The IPO of ICICI Securities Ltd will open from 22nd March 2018. The final date to fill the application for the IPO would be 26th March 2018. The company has set a price band of Rs. 519- Rs. 520 per equity share for this IPO. The ICICI Bank is the 100% stakeholder in the company. The ICICI Bank will be going to sale the 24% stake through this IPO. The ICICI Bank’s holding will be decreased to 76% post this IPO. At the upper end of the price band, the company will be valued at Rs. 16,751 crores. Earlier the company has targeted the valuation of Rs. 25,000 crore.
The share sale will be a pure secondary offering. The parent company ICICI Bank is going to sell 7,72,40,000 equity shares through this IPO. This secondary share sale will also include 38,60,000 shares for the shareholders of ICICI Bank Limited.
Investors should download the ICICI Securities DRHP from the SEBI website to study all details about this IPO. You can also download the prospectus of ICICI Securities IPO from the bottom part of this webpage.
In the given section of the Page, you will get information about the ICICI Securities IPO Grey Market Price and Premium, ICICI Securities IPO Allotment, ICICI Securities IPO Review, Financials, Price, Important Dates and other details. Please read all information before applying for this IPO.
Contents
ICICI Securities IPO
About the company: ICICI Securities Limited is a brokerage and investment banking company. The company is a part of ICICI Bank Limited. The company was set up in 1995 and it is situated in Mumbai. ICICI Securities provides various financial services including retail and institutional broking, financial product distribution, investment banking, merchant banking and advisory services to financial institutions, corporates, retail investors and high net-worth individuals. It is India’s largest brokerage by revenues and by investors and includes the retail broking arm ICICIdirect.com.
Company Promoters: ICICI Bank Limited
Objects of the Issue
The ICICI Securities Limited IPO is the pure Offer for Sale. ICICI Securities will not receive any proceeds from the Offer.
- Enhance its visibility and brand image and provide liquidity to its existing shareholders.
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges
ICICI Securities IPO Grey Market Price, Rates, ISec GMP Premium
| Date | GMP | Kostak Rate | Sauda |
|---|---|---|---|
| 28 March 2018 | Discount |
ICICI Securities IPO, Allotment, Isec Grey Market, GMP, Subscription, Date, Price, Listing Date
| Name | ICICI Securities Limited |
|---|---|
| Open Date | 22 March 2018 |
| Close Date | 26 March 2018 |
| Allotment Date | 01 April 2018 |
| Refund Date | 02 April 2018 |
| Listing Date | 04 April 2018 |
| Issue Price | Rs. 519 – Rs. 520 Per Equity Share |
| Lot Size | 28 Shares |
| Minimum Order Quantity | 28 Shares |
| Issue Type | Book Built Issue IPO |
| Issue Size | Initial Public offer of 77,249,508 Equity Shares |
| Lead Manager | DSP Merrill Lynch Limited, ICICI Securities Limited, Citigroup Global Markets India Private Limited, CLSA India Private Limited, Edelweiss Financial Services Limited, IIFL Holdings Limited and SBI Capital Markets Limited |
| Registrar | Karvy Computershare Private Limited |
| Listing at | NSE / BSE |
Subscription Details
| Category | SHARES OFFERED | 22 March 2018 | 23 March 2018 | 26 March 2018 |
|---|---|---|---|---|
| RII | 7338703 | 0.22 | 0.38 | 0.88 |
| NII | 11008054 | 0.04 | 0.05 | 0.35 |
| QIB | 22016111 | 0.49 | 0.54 | 1.04 |
| Shareholders | 3862475 | 0.09 | 0.16 | 0.33 |
| Total | 44225343 | 0.29 | 0.36 | 0.78 |
Listing Date
The company has decided to list its shares on 04th April 2018.
Listing Day Figures (04th April 2018)
| BSE (541179) | NSE (ISEC) | |
|---|---|---|
| IPO Price | Rs. 520 | Rs. 520 |
| Open | Rs. 431.10 | Rs. 435 |
| High | Rs. 462.70 | Rs. 463 |
| Low | Rs. 431.10 | Rs. 435 |
| Close | Rs. 445.05 | Rs. 445.10 |
ICICI Securities Ltd Address
Corporate Office: ICICI Securities Limited, Shree Sawan Knowledge Park, Plot No. D-507, T.T.C. Industrial Area MIDC, Turbhe, Navi Mumbai 400 705
Telephone: +91 22 6637 7100
Fax: +91 22 2288 2445
E-mail: [email protected]
Website: www.icicisecurities.com
IPO DRHP / Prospectus
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