ICICI Securities Ltd’s IPO opened on Mar'22 to Mar'26 for subscription to raise Rs 4,017 cr.IPO constitutes 23.98% of post-offer paid-up equity share capital in which 7.72 cr shares are offered for sale at fixed price band of Rs 519 to Rs 520. 1/2 of portion is blocked for subscription by its shareholders(ie 3.86 cr shares to 58 anchor investors amounting Rs 1,717.26 cr).Investors can bid for at least 28 shares & in multiples of 28 thereafter.
ICICI Securities Ltd IPO: ICICI group’s brokerage arm ICICI Securities Ltd’s IPO opened today for the subscription to raise up to Rs 4,017 crore. The IPO of ICICI Securities Ltd is the fourth public issue from ICICI group to date and third in last three years. ICICI Securities IPO constitutes 23.98% of the post-offer paid-up equity share capital in which 7.72 crore equity shares are being offered via the offer for sale route. The promoter ICICI Bank has successfully completed initial share sales of ICICI Lombard General Insurance and ICICI Prudential Life Insurance in 2017 and 2016 respectively.
We take a look at 15 details about ICICI Securities Ltd’s Rs 4,000 crore IPO that you can’t afford to miss before you go for the subscription
Ref. : http://www.financialexpress.com/market/icici-securities-ipo-opens-15-things-about-rs-4000-crore-public-offer-you-cant-afford-to-miss/1107103/ --- Dated: Mar'22,2018.