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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

IPO DateMar 22, 2018 - Mar 26, 2018
Issue TypeBook Built Issue IPO
Issue Size77,249,508 Eq Shares of ₹5
(aggregating up to ₹4,016.97 Cr)
Face Value₹5 Per Equity Share
IPO Price₹519 to ₹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 AcctApr 4, 2018
IPO Shares Listing DateApr 5, 2018

ICICI Securities IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum128₹14,560
Maximum13364₹189,280

ICICI Securities IPO Subscription Status (Bidding Detail)

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

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ICICI Securities IPO Listing Date

Listing DateWednesday, April 4, 2018
BSE Script Code541179
NSE SymbolISEC
Listing InB
ISININE763G01038
IPO Price₹520 Per Equity Share
Face Value₹5 Per Equity Share

Listing Day Trading Information

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

ICICI Securities IPO Reviews / Ratings

Company Contact Information

ICICI Securities Ltd
ICICI Centre,
H.T. Parekh Marg,
Churchgate, Mumbai 400 020

Phone: +91 22 6637 7100
Email: investors@icicisecurities.com
Website: http://www.icicisecurities.com

ICICI Securities IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

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

ICICI Securities IPO FAQs

  1. 1. What is ICICI Securities IPO?

    ICICI Securities IPO is a main-board IPO of 77,249,508 equity shares of the face value of ₹5 aggregating up to ₹4,016.97 Crores.

    The issue price of the IPO is ₹519 to ₹520 Per Equity Share. The minimum order quantity is 28 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Mar 22, 2018 and closes on Mar 26, 2018.

    Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When ICICI Securities IPO will open?

    The ICICI Securities IPO opens on Mar 22, 2018 and closes on Mar 26, 2018.

  3. 3. How to apply for ICICI Securities IPO?

    ICICI Securities IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When ICICI Securities IPO allotment?

    The finalization of Basis of Allotment for ICICI Securities IPO will be done on Apr 2, 2018, and the allotted shares will be credited to your demat account by Apr 4, 2018. Check the ICICI Securities IPO allotment status.

  5. 5. When is ICICI Securities IPO listing date?

    The ICICI Securities IPO listing date is on Wednesday, April 4, 2018, at BSE, NSE.
  6. 6. What is the lot size of ICICI Securities IPO?

    ICICI Securities IPO lot size is 28 Shares and the minimum order quantity is 28 Shares.

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ICICI Securities IPO Review / Comments

Abhishek Mani
269. Abhishek Mani  May 7, 2018 18:18
It is an excellent buy at near 350.
ManishDwiv
268. ManishDwiv  May 3, 2018 20:06
Making new lows. whats the good price to enter?
AnkurGoel
267. AnkurGoel  Apr 27, 2018 17:02
IPO Guru IPO Guru (1000+ Posts, 1100+ 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.
AnkurGoel
266. AnkurGoel  Apr 23, 2018 19:09
IPO Guru IPO Guru (1000+ Posts, 1100+ Likes)
Nazara technologies approved by sebi as per its latest approved list.
V
265. V  Apr 20, 2018 21:31
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.
Surendra
264. Surendra  Apr 16, 2018 12:31
Could any one give details of different bank's cutoff time of IPO online application on last day ?
Nisha Sharma
263. Nisha Sharma  Apr 19, 2018 19:31
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.
Ganesh
262. Ganesh  Apr 19, 2018 18:23
Buch vagi gayo.... Chanda tu NE fasa diya
AnkurGoel
261. AnkurGoel  Apr 17, 2018 11:41
IPO Guru IPO Guru (1000+ Posts, 1100+ Likes)
Capricorn Food Products India Limited IPO is approved by Sebi.
Arvind Kumar Mishra
261.1. Arvind Kumar Mishra  Apr 17, 2018 12:30
When it was open pls share details if does
AnkurGoel
261.2. AnkurGoel  Apr 17, 2018 16:49
IPO Guru IPO Guru (1000+ Posts, 1100+ Likes)
It is not opened yet. It will take time.
Aniketiaf
260. Aniketiaf  Apr 16, 2018 08:20
IPO Guru IPO Guru (1000+ Posts, 6100+ Likes)
ICICI Securities has posted much better than expected Q4 result.
May start decent run.....
Cautious ipo
260.1. Cautious ipo  Apr 16, 2018 10:11
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Wait for next quarter. Smells cooked
juju
259. juju  Apr 14, 2018 23:28
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Interesting results, let's see what happens on Monday, IPO issue price will be reached or not
Final destination
258. Final destination  Apr 13, 2018 20:49
It means time to buy now.
harit
257. harit  Apr 13, 2018 12:34
IPO Guru IPO Guru (1300+ Posts, 2200+ 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
ARUN KUMAR SHRIVASTAV
256. ARUN KUMAR SHRIVASTAV  Apr 12, 2018 18:47
AB KHYA KARE SELL/HOLD
shaakaal
255. shaakaal  Apr 11, 2018 23:31
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
ne
shaakaal
255.1. shaakaal  Apr 11, 2018 23:33
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
next target 380
Pokemongo
254. Pokemongo  Apr 11, 2018 17:19
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
ARUN KUMAR SHRIVASTAV
253. ARUN KUMAR SHRIVASTAV  Apr 10, 2018 17:42
CHANDA NA PAGAL BANAYA
P M
252. P M  Apr 7, 2018 11:10
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Lookout notice issued against ICICI Bank CEO Chanda Kochhar, husband Deepak Kochhar & Videocon chief Venugopal Dhoot ----- INDIA TODAY
Cautious ipo
252.3. Cautious ipo  Apr 8, 2018 11:53
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Prime accused chanda kochar bro in law detained while running away abroad.
Cool Sunshine
252.4. Cool Sunshine  Apr 9, 2018 14:11
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.
Cool Sunshine
251. Cool Sunshine  Apr 6, 2018 13:30
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.
Huzefa
251.1. Huzefa  Apr 8, 2018 17:08
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
News source ?
snp
251.2. snp  Apr 8, 2018 17:24
its already started. i received a mail from them last week regarding this.
DownriteVJ
250. DownriteVJ  Apr 6, 2018 16:49
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
ICICI Sec to consider dividend
Cool Sunshine
250.1. Cool Sunshine  Apr 6, 2018 23:08
Guess it will be peanuts so wouldn't matter. Was there any further news in this regard?



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