ICICI Securities Ltd IPO

Add to Calendar 2018-03-22 12:00 AM 2018-03-26 12:00 AM Asia/Kolkata ICICI Securities Ltd IPO ICICI Securities Ltd India

ICICI Securities ltd. is a stock market based company operating from mumbai. Company has the large network of branches and sub broker system which enables it in becoming the largest stock broking company in india. Company owns more than 200 branches and 4600 sub brokers and associates.

Date of establishment: ICICI securities was formed in 1995

Product & Service Offering: Company gives broking services to its clients and customers through its trading platform ICICIdirect.com. Company is active in equity, derivatives, currency futures, mutual funds, and other financial products. It also gives tips and stock recommendations to clients.  Apart from that ICICI securities offers 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.

Promoters of ICICI Securities ltd.: ICICI Bank Ltd is the promoter of the company holding the 100% of the issued equity.

Customer segment: ICICI securities has more than 3.5 million operations accounts out of 4.4 million customers acquired.

Objects of the Issue:

The object of the issue is to :
-     Provide an opportunity to promoter to dilute its holding
-     Leverage the benefit of listing at exchange
-     Enhance its visibility and brand image  

Company Financials:

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

 

 

 

Issue Detail

  • Issue Open: Mar 22, 2018
  • Issue Close: Mar 26, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 5 Per Equity Share
  • Price Band: Rs 519 - Rs 520 Per Equity Share
  • Bid Lot:28 Shares
  • Minimum Order Quantity:28 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 4,016.97 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 22,016,111 11,008,054 7,338,703 - 3,862,475 44,225,343
Day 1 - Mar 22, 2018IST 0.4900 0.0400 0 0.0400 0.2200 0.0900 0.2900
Day 2 - Mar 23, 2018IST 0.5410 0.0570 0.3860 - 0.1620 0.3620
Day 3 - Mar 26, 2018IST 1.0400 0.3560 0.8860 - 0.3380 0.7800

Listing Day Trading Information

- BSE NSE
Issue Price Rs 520.00 Rs 520.00
Open Rs 431.10 Rs 435.00
Low Rs 431.10 Rs 435.00
High Rs 462.70 Rs 463.00
Last Trade Rs 445.05 Rs 445.10
Volume 1,315,944 7,417,211

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Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker

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