Bookbuilding IPO | ₹3,480 Cr | Listed at BSE, NSE | Thu, Mar 22, 2018 - Mon, Mar 26, 2018
ICICI Securities IPO is a book build issue of ₹3,480.12 crores. The issue is entirely an offer for sale of 6.69 crore shares of ₹3,480.12 crore.
ICICI Securities IPO bidding started from Mar 22, 2018 and ended on Mar 26, 2018. The allotment for ICICI Securities IPO was finalized on Apr 2, 2018. The shares got listed on BSE, NSE on Apr 4, 2018.
ICICI Securities IPO price band is set at ₹520 per share. The lot size for an application is 28. The minimum amount of investment required by an retail is ₹14,560 (28 shares) (based on upper price). The lot size investment for sNII is 14 lots (392 shares), amounting to ₹2,03,840, and for bNII, it is 69 lots (1,932 shares), amounting to ₹10,04,640.
BOFA Securities India Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to ICICI Securities IPO RHP for detailed Information.
IPO Open
Thu, Mar 22, 2018
IPO Close
Mon, Mar 26, 2018
Issue Price
₹520 per share
Market Cap (Pre-IPO)
₹16,751.35 Cr
| IPO Date | 22 to 26 Mar, 2018 |
| Listed on | Wed, Apr 4, 2018 |
| Face Value | ₹5 per share |
| Price Band | ₹519 to ₹520 |
| Issue Price | ₹520 per share |
| Lot Size | 28 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 6,69,25,305 shares (agg. up to ₹3,480 Cr) |
| Offer for Sale | 6,69,25,305 shares of ₹5 (agg. up to ₹3,480 Cr) |
| Share Holding Pre Issue | 32,21,41,400 shares |
| Share Holding Post Issue | 32,21,41,400 shares |
| BSE Script Code / NSE Symbol | 541179 / ISEC |
| ISIN | INE763G01038 |
ICICI Securities IPO comprises a total issue size of 7,01,40,308 shares. The net offer to the public is 6,62,77,833 shares, after excluding 38,62,475 shares under a preferential allotment. Of the Net offer 5,59,73,693 (84.45%) are allocated to QIB, 38,60,724 (5.83%) allocated to NII 64,43,416 (9.72%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 5,59,73,693 | 84.45% | 79.80% | NA |
| − Anchor Investor Shares Offered | 3,30,24,165 | 47.08% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 2,29,49,528 | 32.72% | NA | |
| NII (HNI) Shares Offered | 38,60,724 | 5.83% | 5.50% | NA |
| Retail Shares Offered | 64,43,416 | 9.72% | 9.19% | 2,30,122 |
| Preferential Reservations | ||||
| Shareholders Shares Offered | 38,62,475 | 5.51% | NA | |
| Total Shares Offered | 7,01,40,308 | 100.00% | 100.00% | |
Investors can bid for a minimum of 28 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 28 | ₹14,560 |
| Retail (Max) | 13 | 364 | ₹1,89,280 |
| S-HNI (Min) | 14 | 392 | ₹2,03,840 |
| S-HNI (Max) | 68 | 1,904 | ₹9,90,080 |
| B-HNI (Min) | 69 | 1,932 | ₹10,04,640 |
ICICI Securities IPO raises ₹1,717.26 crore from anchor investors. ICICI Securities IPO Anchor bid date is March 21, 2018.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Mar 21, 2018 |
| Shares Offered | 3,30,24,165 |
| Anchor Portion (₹ Cr.) | 1,717.26 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, May 2, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Jul 1, 2018 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only shareholder | Up to Rs 2 Lakhs | Yes |
| Shareholder + RII/NII |
|
Yes for shareholder/RII |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The ICICI Securities IPO is subscribed 0.78 times on March 26, 2018 7:45:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.04 | 2,20,16,111 | |
| NII | 0.36 | 1,10,08,054 | |
| Retail | 0.89 | 73,38,703 | |
| Others | 0.34 | 38,62,475 | |
| Total | 0.78 | 4,42,25,343 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Lead Managers | 26.36 |
| 2 | Selling commission and processing fees for SCSBs(1) (2) and selling commission and bidding charges for the Syndicate Members, Registered Brokers, RTAs and CDPs | 2.42 |
| 3 | Fees payable to Registrar to the Offer | 0.01 |
| 4 | Printing and stationery expenses | 3.10 |
| 5 | Advertising and marketing expenses | 22.85 |
| 6 | Others: i. Listing fees; ii. SEBI, BSE and NSE processing fees; iii. Fees payable to Legal Counsels; and iv. Miscellaneous. | 32.01 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹520.00 | ₹520.00 |
| Open | ₹431.10 | ₹435.00 |
| Low | ₹431.10 | ₹435.00 |
| High | ₹462.70 | ₹463.00 |
| Last Trade | ₹445.05 | ₹445.10 |
Lead Manager Reports
ICICI Securities IPO is a main-board IPO of 6,69,25,305 equity shares of the face value of ₹5 aggregating up to ₹3,480 Crores. The issue is priced at ₹520 per share. The minimum order quantity is 28.
The IPO opens on Thu, Mar 22, 2018, and closes on Mon, Mar 26, 2018.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in ICICI Securities IPO using UPI as a payment gateway. Zerodha customers can apply in ICICI Securities IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ICICI Securities IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ICICI Securities IPO opens on Thu, Mar 22, 2018 and closes on Mon, Mar 26, 2018.
ICICI Securities IPO lot size is 28, and the minimum amount required for application is ₹14,560.
You can apply in ICICI Securities IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Wed, Apr 4, 2018. Check the ICICI Securities IPO allotment status.
The ICICI Securities IPO listing date is on Wed, Apr 4, 2018.
