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ICICI Securities Ltd IPO (ICICI Securities IPO) Detail

Mar 22, 2018 - Mar 26, 2018

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

Company Promoters:

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.

Company Financials:

Summary of financial Information (Restated Standalone)
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

Objects of the Issue:

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.

ICICI Securities IPO Details
Issue OpenMar 22, 2018 - Mar 26, 2018
Issue TypeBook Built Issue IPO
Issue Size77,249,508 Eq Shares of Rs 5
(aggregating up to Rs 4,016.97 Cr)
Face ValueRs 5 Per Equity Share
Issue PriceRs 519 - Rs 520 Per Equity Share
Market Lot28 Shares
Min Order Quantity28 Shares
Listing AtBSE, NSE
ICICI Securities IPO Tentative Date / Timetable
Bid/Offer Opens OnMar 22, 2018
Bid/Offer Closes OnMar 26, 2018
Finalisation of Basis of AllotmentApr 2, 2018
Initiation of RefundsApr 3, 2018
Credit of Shares to Demat Acct:Apr 4, 2018
IPO Shares Listing Date:Apr 5, 2018

ICICI Securities IPO Subscription Status (Live)

ICICI Securities IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Others

Total

Shares Offered

22,016,111

11,008,054

7,338,703

3,862,475

44,225,343

Mar 26, 2018 19:45

1.04x

0.36x

0.89x

0.34x

0.78x

ICICI Securities IPO Prospectus

ICICI Securities IPO Rating

474
3.6
Rating:Rated 3.6 stars

Vote Here ...

ICICI Securities IPO Listing Date

  •   ›  Listing Date: Wednesday, April 4, 2018
  •   ›  BSE Script Code: 541179
  •   ›  NSE Symbol: ISEC
  •   ›  Listing In: B
  •   ›  ISIN: INE763G01038
  •   ›  Issue Price: Rs 520 Per Equity Share
  •   ›  Face Value: Rs 5 Per Equity Share

Listing Day Trading Information

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

ICICI Securities IPO Reviews / Ratings

Dilip Davda - Subscribe for Long Term
Capital Market Review
IIFL: Subscribe
Way2wealth: Subscribe
Centrum: Subscribe for long term
Prabhudas Lilladher: Avoid
SSJ Finance: Avoid
Choice Broking: Subscribe with caution
SPA Securities: Subscribe
SMC: 2.5/5

Company Contact Information

ICICI Securities Ltd
ICICI Centre,
H.T. Parekh Marg,
Churchgate, Mumbai 400 020
Phone: +91 22 6637 7100
Fax: +91 22 2288 2445
Email: investors@icicisecurities.com
Website: http://www.icicisecurities.com

ICICI Securities IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

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ICICI Securities IPO Review / Comments

avatar
269. Abhishek Mani  May 7, 2018 17:18 I Like It. | Report Abuse
It is an excellent buy at near 350.
avatar
268. ManishDwiv  May 3, 2018 19:06 I Like It. | Report Abuse
Making new lows. whats the good price to enter?
avatar
267. AnkurGoel  Apr 27, 2018 16:02 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Source - LIVE Mint

IndoStar Capital Finance's initial public offering will open for subscription on 9 May.

The non-banking financial company is expected to raise around Rs2,000 crore through the IPO. The IPO comprises sale of new shares worth Rs700 crore and a sale of 20 million shares by existing shareholders. IndoStar plans to use the proceeds of the IPO to augment its capital base.

"Our company proposes to utilize the net proceeds from the fresh issue towards augmenting its capital base to meet future capital requirements," the company said in its IPO document.

Investment banks JM Financial, Kotak Mahindra Capital Co., Morgan Stanley India Co., Motilal Oswal Investment Advisors and Nomura Financial Advisory and Securities (India) Pvt. Ltd are managing the share sale.

IndoStar provides structured term financing solutions to corporates and loans to small and medium enterprises. It recently started offering vehicle and housing finance products

IndoStar Capital was started in 2011 by private equity investors Everstone Capital, Beacon India Fund, ACPI Investment Managers and CIDB Capital.
avatar
266. AnkurGoel  Apr 23, 2018 18:09 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Nazara technologies approved by sebi as per its latest approved list.
avatar
265. V  Apr 20, 2018 20:31 I Like It. | Report Abuse
Promoter      79.22 %
Public      20.78 %

It seems most of the MFs have accumulated this stock and still might be buying.
I think downward journey is over. Results are also good. Div declared.
I am bullish on this - like what happened in ICICI Pru Life and HDFC Life.
This is my view.
avatar
264. Surendra  Apr 16, 2018 11:31 I Like It. 1 | Report Abuse
Could any one give details of different bank's cutoff time of IPO online application on last day ?
avatar
263. Nisha Sharma  Apr 19, 2018 18:31 I Like It. | Report Abuse
ICICI securities, could receive bid for only 67.7 million shares, accumulating to 87.64% of the total issue of 77.25 million shares. So to meet the 90% criteria, ICICI bank had to trim its issue by 12% takings its dilution of stake to 21% from 24% stake to be diluted initially.
avatar
262. Ganesh  Apr 19, 2018 17:23 I Like It. | Report Abuse
Buch vagi gayo.... Chanda tu NE fasa diya
avatar
261. AnkurGoel  Apr 17, 2018 10:41 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Capricorn Food Products India Limited IPO is approved by Sebi.
avatar
261.1. Arvind Kumar Mishra  Apr 17, 2018 11:30 I Like It. | Report Abuse
When it was open pls share details if does
avatar
261.2. AnkurGoel  Apr 17, 2018 15:49 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
It is not opened yet. It will take time.
avatar
260. Aniketiaf  Apr 16, 2018 07:20 I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 3900+ Likes)
ICICI Securities has posted much better than expected Q4 result.
May start decent run.....
avatar
260.1. Cautious ipo  Apr 16, 2018 09:11 I Like It. 1 | Report Abuse
Wait for next quarter. Smells cooked
avatar
259. juju  Apr 14, 2018 22:28 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Interesting results, let's see what happens on Monday, IPO issue price will be reached or not
avatar
258. Final destination  Apr 13, 2018 19:49 I Like It. | Report Abuse
It means time to buy now.
avatar
257. harit  Apr 13, 2018 11:34 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
Ashwini gujral's call on CNBC TV 18
Don't don't don't buy Icici security at any point of time
Instead buy edelweiss
avatar
256. ARUN KUMAR SHRIVASTAV  Apr 12, 2018 17:47 I Like It. | Report Abuse
AB KHYA KARE SELL/HOLD
avatar
255. shaakaal  Apr 11, 2018 22:31 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
ne
avatar
255.1. shaakaal  Apr 11, 2018 22:33 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
next target 380
avatar
254. Pokemongo  Apr 11, 2018 16:19 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
is 400 still a good price to buy? should we wait for lower levels? what's the PE currently and book value
avatar
253. ARUN KUMAR SHRIVASTAV  Apr 10, 2018 16:42 I Like It. 1 | Report Abuse
CHANDA NA PAGAL BANAYA
avatar
252. P M  Apr 7, 2018 10:10 I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Lookout notice issued against ICICI Bank CEO Chanda Kochhar, husband Deepak Kochhar & Videocon chief Venugopal Dhoot ----- INDIA TODAY
avatar
252.3. Cautious ipo  Apr 8, 2018 10:53 I Like It. 2 | Report Abuse
Prime accused chanda kochar bro in law detained while running away abroad.
avatar
252.4. Cool Sunshine  Apr 9, 2018 13:11 I Like It. 4 | Report Abuse
gr8. Very strict action is needed within law whoever is convicted irrespective of his/her stature while ensuring no innocent is harassed just because someone has to showcase in election year that corruption will not be tolerated.
avatar
251. Cool Sunshine  Apr 6, 2018 12:30 I Like It. 9 | Report Abuse
It seems ICICI Sec is going to start its SME platform soon to enable trading & investing in SME stocks.

Discl: Currently do not possess any interest in SME stocks.
avatar
251.1. Huzefa  Apr 8, 2018 16:08 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
News source ?
avatar
251.2. snp  Apr 8, 2018 16:24 I Like It. | Report Abuse
its already started. i received a mail from them last week regarding this.
avatar
250. DownriteVJ  Apr 6, 2018 15:49 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (1000+ Posts, 700+ Likes)
ICICI Sec to consider dividend
avatar
250.1. Cool Sunshine  Apr 6, 2018 22:08 I Like It. 1 | Report Abuse
Guess it will be peanuts so wouldn't matter. Was there any further news in this regard?
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