IPO is not cancelled. Offer size reduced to meet SEBI requirements https://www.bloombergquint.com/ipos/2018/03/26/icici-securities-reduces-ipo-size-after-failing-to-enthuse-wealthy-investors
At last, retailers and HNI taught a lesson to ICICI group
166. ipo share| Link| Bookmark|
March 26, 2018 8:36:37 PM
IPO Guru (1600+ Posts, 800+ Likes)
With names like edelweiss in the list of lead managers, QIB portion was expected to get high subscription but that did not happen. Now I strongly believe that chanda kochar might be the CEO called by investing agencies in the first week of April regarding gitanjali gems loan. I do not find any other reason for failure of analysis of so many experts to subscribe this IPO.
What so ever may be the valuations of the IPO , ICICI Group cannot allow this ipo gather dust , by hook or crook they will manage to garner the funds and close it as soon as possible .. Its reputation is at stake now ...
ICICI group under Chandra kochhar is one of the most greedy & disrespectful group.it is always against the small investors. Remember last ipo from this group which gave listing gains?
Even after extension, maximum three working days in this financial year, issue fails to garner 90 percent, then issue will have to be shelved. Retailers should use this opportunity of extension to withdraw their applications and teach a lesson to greedy promoters.
160. jajo| Link| Bookmark|
March 26, 2018 5:49:09 PM
Top Contributor (300+ Posts, 200+ Likes)
As the issue is undersubscibed, most probably ISec IPO will be extended for 2 days with lower price. Let's wait for the official announcement.
Lower the price?..No..No...That's not good marketing......They should rather increase the price and offer the1st 300 lucky subscribers that once in a lifetime chance to have candle light dinner with Chanda Kochhar .....hahaha ha..
Now..wouldnt that make the offer absolutely irresistible?...,C'mon!.tell me buddy..
159. jajo| Link| Bookmark|
March 26, 2018 5:50:51 PM
Top Contributor (300+ Posts, 200+ Likes)
As the issue is undersubscibed, most probably ISec IPO will be extended for 2 days with lower price. Let's wait for the official announcement.
Are you ICICI employee or Kochar relative who is frustrated with low subscription RAJAT JINDAL? may be you are one of Ch*** like many others who make unnecessary comment without any reason.
BTW what do you know mr Ch***? so you are claiming other KNOW nothing?
Minimum subscription 90% required for one ipo sail through. Now it reaches 78% only. So issue will be extended to another two days or issue may be cancelled.
156.1. DownriteVJ| Link| Bookmark|
March 26, 2018 5:30:55 PM
IPO Guru (1400+ Posts, 1200+ Likes)
Probability of extension is higher. Lets see what happens.
153. Pokemongo| Link| Bookmark|
March 26, 2018 5:33:02 PM
Top Contributor (400+ Posts, 300+ Likes)
If you observe most of these are offer for sale. ICICI Securities is raising Rs 4,000 crore, which is entirely marked for offer for sale. If they are able to close it on time, original investors will save close to Rs 360 crore of tax.
ICICI Securities Limited IPO as on 04:10 PM 26 March 2018
Qualified Institutional Buyers(QIBs)* 1.04 Non Institutional Investors 0.36 Retail Individual Investors(RIIs) 0.84 Shareholder 0.34 Total 0.78 *Excluding Anchor Total No.of Application Approx : ~ 137719 Retail Subscription on the basis of Apps : 0.53 x