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
ICICI Bank Ltd is the promoter of the company. ICICI Bank currently holds 322,141,400 Equity Shares, equivalent to 100% of the pre-Offer issued, subscribed and paid-up Equity Share capital of the company.
|Particulars||For the year/period ended (in Rs. million)|
|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.
»» Issue Open: Mar 22, 2018 - Mar 26, 2018
»» Issue Type: Book Built Issue IPO
»» Issue Size: 77,249,508 Equity Shares of Rs 5 aggregating up to Rs 4,016.97 Cr
»» Face Value: Rs 5 Per Equity Share
»» Issue Price: Rs 519 - Rs 520 Per Equity Share
»» Market Lot: 28 Shares
»» Minimum Order Quantity: 28 Shares
»» Listing At: BSE, NSE
ICICI Securities IPO Subscription Status tells if ICICI Securities IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. ICICI Securities IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||22,016,111||11,008,054||7,338,703||3,862,475||44,225,343|
|Day 1 - Mar 22, 2018 17:00 IST||0.4900||0.0400||0.2200||0.0900||0.2900|
|Day 2 - Mar 23, 2018 17:00 IST||0.5410||0.0570||0.3860||0.1620||0.3620|
|Day 3 - Mar 26, 2018 19:45 IST||1.0400||0.3560||0.8860||0.3380||0.7800|
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