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ICICI Securities IPO is a book built issue of Rs 4,016.97 crores.
ICICI Securities IPO bidding started from March 22, 2018 and ended on March 26, 2018. The allotment for ICICI Securities IPO was finalized on Monday, April 2, 2018. The shares got listed on BSE, NSE on April 4, 2018.
ICICI Securities IPO price band is set at ₹519 to ₹520 per share. The minimum lot size for an application is 28 Shares. The minimum amount of investment required by retail investors is ₹14,560.
Bofa Securities India Limited, Citigroup Global Markets India Private Limited, Clsa India Private Limited, Edelweiss Financial Services Ltd, Iifl Securities Ltd and SBI Capital Markets Limited are the book running lead managers of the ICICI Securities IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to ICICI Securities IPO RHP for detailed information.
| IPO Date | March 22, 2018 to March 26, 2018 |
| Listing Date | April 4, 2018 |
| Face Value | ₹5 per share |
| Price Band | ₹519 to ₹520 per share |
| Lot Size | 28 Shares |
| Total Issue Size | 77,249,508 shares (aggregating up to ₹4,016.97 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 322,141,400 |
| Share holding post issue | 322,141,400 |
ICICI Securities IPO offers 44,225,343 shares. 22,016,111 (49.78%) to QIB, 11,008,054 (24.89%) to NII, 7,338,703 (16.59%) to RII. 262,096 RIIs will receive minimum 28 shares and (sNII) and (bNII) will receive minimum 392 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 22,016,111 (49.78%) | NA |
| NII (HNI) Shares Offered | 11,008,054 (24.89%) | |
| Retail Shares Offered | 7,338,703 (16.59%) | 262,096 | Other Shares Offered | 3,862,475 (8.73%) | NA |
| Total Shares Offered | 44,225,343 (100%) |
ICICI Securities IPO opens on March 22, 2018, and closes on March 26, 2018.
| IPO Open Date | Thursday, March 22, 2018 |
| IPO Close Date | Monday, March 26, 2018 |
| Basis of Allotment | Monday, April 2, 2018 |
| Initiation of Refunds | Tuesday, April 3, 2018 |
| Credit of Shares to Demat | Wednesday, April 4, 2018 |
| Listing Date | Wednesday, April 4, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 26, 2018 |
Investors can bid for a minimum of 28 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 28 | ₹14,560 |
| Retail (Max) | 13 | 364 | ₹189,280 |
| Lot Size Calculator | |||
Incorporated in 1995, ICICI Securities Ltd is a leading technology-based securities firm in India that offers a wide range of financial services including brokerage, financial product distribution and investment banking and focuses on both retail and institutional clients.
They provide equity capital market products including initial public offerings (IPO), further public offerings, rights offerings, convertible offerings, qualified institutional placements, non-convertible debentures, buyback, delisting, and open offers and international offerings for unlisted and listed entities. They offers their services to corporates, financial institutions, high net-worth individuals, and retail investors.
The company operates ICICIdirect.com, an online broking platform for investors to invest in equity, derivatives, currency futures, mutual funds, and other financial products, as well as to access research information, stock picks, and mutual fund recommendations. As of September 30, 2017, ICICIdirect had approximately 3.8 million operational accounts of whom 0.7 million had traded on NSE in the preceding 12 months. Since inception, the company had acquired a total of 4.4 million customers through this platform as of September 30, 2017.
As on September 30, 2017, ICICI Securities' retail brokerage and distribution businesses consists of over 200 of our own branches, over 2,600 branches of ICICI Bank through which our electronic brokerage platform is marketed and over 4,600 sub-brokers, authorised persons, independent financial associates and independent associates.
Strengths of the company
1. Largest Equity Broker in India Powered by Proprietary Technology Platform: ICICIdirect
2. Strong and Growing Distribution Business with an “Open-Source” Distribution Model
3. Superior Customer Experience through Product and Technology Innovation
4. Strategic Component of the ICICI Ecosystem
5. Leading Institutional Platform
6. Strong Financial Performance with Significant Operating Efficiency
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 20,401.6 | 13,920.2 | 13,611.4 | 16,203.7 | 9,029.2 | |
| Total Revenue | 14,039.0 | 11,235.6 | 12,094.6 | 8,117.4 | 7,049.7 | |
| Profit After Tax | 3,376.1 | 2,357.4 | 2,439.6 | 733.0 | 756.6 | |
The objects of the Offer for the Company are to:
1. Achieve the benefit of listing the Equity Shares on the Stock Exchanges and for the sale of Equity Shares by the Promoter Selling Shareholder;
2. Listing of Equity Shares will enhance its visibility and brand image and provide liquidity to its existing shareholders.
[Dilip Davda] Considering the status enjoyed by the company and the earnings growth, Investors may consider investment for long term. Read detail review...
The ICICI Securities IPO is subscribed 0.78 times on March 26, 2018 7:45:00 PM. The public issue subscribed 0.89 times in the retail category, 1.04 times in the QIB category, and 0.36 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.04 |
| NII | 0.36 |
| Retail | 0.89 |
| Others | 0.34 |
| Total | 0.78 |
| Listing Date | April 4, 2018 |
| BSE Script Code | 541179 |
| NSE Symbol | ISEC |
| ISIN | INE763G01038 |
| Final Issue Price | ₹520 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹520.00 |
| ₹431.10 |
| ₹431.10 |
| ₹462.70 |
| ₹445.05 |
| NSE |
|---|
| ₹520.00 |
| ₹435.00 |
| ₹435.00 |
| ₹463.00 |
| ₹445.10 |
ICICI Securities Ltd
ICICI Centre,
H.T. Parekh Marg,
Churchgate, Mumbai 400 020
Phone: +91 22 6637 7100
Email: investors@icicisecurities.com
Website: http://www.icicisecurities.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
ICICI Securities IPO is a main-board IPO of 77,249,508 equity shares of the face value of ₹5 aggregating up to ₹4,016.97 Crores. The issue is priced at ₹519 to ₹520 per share. The minimum order quantity is 28 Shares.
The IPO opens on March 22, 2018, and closes on March 26, 2018.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The ICICI Securities IPO opens on March 22, 2018 and closes on March 26, 2018.
ICICI Securities IPO lot size is 28 Shares, and the minimum amount required is ₹14,560.
You can apply in ICICI Securities IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for ICICI Securities IPO will be done on Monday, April 2, 2018, and the allotted shares will be credited to your demat account by Wednesday, April 4, 2018. Check the ICICI Securities IPO allotment status.
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