ICICI Securities Ltd IPO Message Board (Page 5)

IPO Size reduces from 4000 Cr. to Rs. 3500 Cr.

It will List at Discount

ICICI IPO:

I am not understanding why many investors are blaming ICICI group for less subscription. Most of the investors don't know ICICI group. Group's first IPO was launched in 1991-92. Most of the people don't know how much wealth this group has created for their investors. Last two IPO Prudential and Lombard also not bad. Investors still makes money in both IPOs.

This group is very good in giving returns for example dividend distributions. Though there are some problems in group because now ICICI is very big group. When group becomes big some problems are always come. But ICICI is far better in this condition. Stay invested in ICICI and go long. Don't look at short term. Company has very good relationship between investors. This is the main reason this company grown from normal credit union - nbfc to bank and all other financial product selling company.

You are very right icici group has always given return to every investor

I trust ICICI. Used to work for them for 4 years. Found it to be very professional. I applied to this blindly. Interesting would be to see what happens on the listings day as RIIs are the only ones who can determine the price. If most have applied with a long-term vision, this might list with minor discount.

One block deal of Rs155 crores at Rs499 for each share lifted the listing price of BB to Rs 500 which was otherwise expected to debut at around Rs425.
It seems to me, icici bank may also do something similar to make icici direct debut above issue price.

Any way to know who was the buyer in block deal?

Block deal info of BB is available on Moneycontrol.com. However it has not provided the name of the person /company. May be , further info would be available by evening today.

Galaxy Surfuctants promoters and Lead Managers did the smart job. As soon the Company received approvals from the authorities , all those connected with issue were off the block at one go and closed the issue before Annual Budget anticipating impending introduction of .tax on long tern capital gains. Icici Sec received approval months ago. But the high profile lead managers and the company dilly dallied with the time of coming out with an IPO. And in the end it was huffing and puffing closure. ICICI SEC lead managed so many issues successfully. But when it came to its own IPO , it was an unpleasant experience.

It would be worth buying shares of icici securities if same lists at a good discount on the listing date. I will be ready with the funds on listing day.

I think it will list around 420/-

With above expectation listing, I feel myself lucky rather than very assured and confident.

While self congratulatory messages are great.....but to lesser mortals I would advise not to forget that it is your own money, all risk, gain and losses are also yours only. Hence don't get carried over in extreme euphoria and act as per your own risk capacity.

Pls ignore. Got posted on wrong forum.

Once again shame on this group instead of reducing the price they reduced the size of issue.. They didn't extend the time in fear that retail investors might withdraw from the bid. Now they will automatically become so called long term investors

@juju,
But still offline/physical applicants can cancel their applications by withdrawing Balance from the bank account.

Might be they are in hurry to close issue to get tax soap on there investment

ISec IPO is a flopshow due to high price demanded by the promoters and Lead Managers. Definitely it will list in discount.
Good lesson for all promoters and Lead Managers of the future IPOs to price reasonably.

In fact lesson is for the persons who have applied, since they are the ultimate losers.

what is the Intraday target?

All those who have either missed or not applied for this IPO thinking this as very highly priced or overpriced will now lament. Similar for Bandhan Bank as well.
We are lucky that a few good, I mean better quality IPOs came together at a time when there was market volatility, poor liquidity resulting in a small crash of indices. These all led to poor subscriptions, hence led to assured allotment scenarios.
Had these same scrips like ICICI-Sec, Bandhan Bank, HAL and BDL (may be Midhani too) came up in boom time like last year in Oct-Nov'17, or sometimes prior to that when the real IPO craze was on, I am sure these same IPOs would have seen huge oversubscriptions, completely different types of reviews and very little chances of allotments for retailers.
Whoever gets allotment, unless you do not need the money urgently, please do not sell, hold it tightly for long time like a piece of jewel in your chest. These are bound to appreciate. Ignore the dances of market and singings of market-pundits. Volatility will come and go. Durable stocks will stay and give returns. Your conviction will see you thru.

Still, 86% of the investors had the guts to apply for this high price IPO in falling markets when many established companies are available at better valuations. ICICI securities employees were today calling their customers to subscribe for the IPO and many unaware customers fall in their trap. I myself received calls 3 times from my RM and she was literally pleading me subscribe for atleast 1 lot :)

I asked my ICICI brokers call that if it is that much good IPO,why emp quota is not subscribed fully?

Well, I have 10 applications. Not guts but expected NII and QIB to start the action after 2pm like they did in the last 2 IPOs which never happened ????

Big Breaking News :-

ICICI Securities cuts IPO Size after issue saw undersubscription.

Now it is around Rs. 3500 crore IPO which is successfully closed.

Final Subscription
===============
Qualified Institutional Buyers (QIBs) ---------- 1.04x
Non Institutional Investors (NII) ---------------- 0.36x
Retail Individual Investors(RII) ----------------- 0.88x
Shareholders (SHL) ------------------------------ 0.34x
Total ------------------------------------------------- 0.78x

No.of Applications (Approx) ------------ 145879
Retail Applicationwise (Approx) --------- 0.56x

May be allotment done on lower price i.e. 519
All applicants will be allotted.applied no of lots.

Best shot from Investors to ICICI which have traditions to sky high valuations.

LOL...once money received will not be given back... ICICI to all, take shares enjoy loss...

ICICI Securities Limited IPO
This time all categories investors thought a Good Lesson for this type of High valuation companies.like ICICI GROUP. Very Very Bad.

ICICI SECURITIES WILL unblock ASBA BY TOMORROW.
CHANDA KOCHAR ZINDABAD

Is it official?

Unblock ASBA ?? ...everyone will get allotment ..

It will give very bad effect on the image of ICICI group.

Even no FII interested to invest in icici group subsidiary,,,,,,,,amazing
A long list of Lead manager not able to catch funds from big corprate houses or FII.

Very Bad !! This time investors set a good lesson for these type of high valuation companies.

78% subscription..what about remaining 22%? Is icici IPO cancelled any announcement??

168. RBA Thanks 4 icici information..