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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 ₹520.00 per share . The lot size for an application is 28. The minimum amount of investment required by an retail is ₹14,532 (28 shares). 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 Date | March 22, 2018 to March 26, 2018 |
| Listing Date | April 4, 2018 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹519 to ₹520 per share |
| Issue Price Final | ₹520 per share |
| Lot Size | 28 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 6,69,25,305 shares (aggregating up to ₹3,480.12 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 32,21,41,400 shares |
| Share Holding Post Issue | 32,21,41,400 shares |
ICICI Securities IPO offers total 7,01,40,308 shares. Out of which 5,59,73,693 (79.80%) allocated to QIB, 2,29,49,528 (32.72%) allocated to QIB, 38,60,724 (5.50%) allocated to NII, 64,43,416 (9.19%) allocated to RII and 3,30,24,165 (47.08%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 5,59,73,693 (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 (5.50%) | NA |
| Retail Shares Offered | 64,43,416 (9.19%) | 2,30,122 |
| Shareholders Shares Offered | 38,62,475 (5.51%) | NA |
| Total Shares Offered | 7,01,40,308 (100.00%) |
| 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:
ICICI Securities IPO opens on March 22, 2018, and closes on March 26, 2018.
| IPO Open Date | Thu, Mar 22, 2018 |
| IPO Close Date | Mon, Mar 26, 2018 |
| Tentative Allotment | Mon, Apr 2, 2018 |
| Initiation of Refunds | Tue, Apr 3, 2018 |
| Credit of Shares to Demat | Wed, Apr 4, 2018 |
| Tentative Listing Date | Wed, Apr 4, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 26, 2018 |
Investors can bid for a minimum of 28 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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 | |
[Dilip Davda] Considering the status enjoyed by the company and the earnings growth, Investors may consider investment for long term. Read detail review...
| Listing Date | April 4, 2018 |
| BSE Script Code | 541179 |
| NSE Symbol | ISEC |
| ISIN | INE763G01038 |
| Final Issue Price | ₹520 per share |
| BSE Listing Group | B |
ICICI Securities Ltd.
ICICI Centre,
H.T. Parekh Marg,
Churchgate, Mumbai 400 020
Mumbai, Maharashtra
Phone: +91 22 6637 7100
Email: investors@icicisecurities.com
Website: http://www.icicisecurities.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
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 ₹3,480.12 Crores. The issue is priced at ₹520 per share. The minimum order quantity is 28.
The IPO opens on March 22, 2018, and closes on March 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 March 22, 2018 and closes on March 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 Wednesday, April 4, 2018. Check the ICICI Securities IPO allotment status.
The ICICI Securities IPO listing date is on Wednesday, April 4, 2018.
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