ICICI Securities Limited
ABOUT THE ISSUER
ICICI Securities Limited (“I-Sec”) was incorporated on March 9, 1995 and ICICI Bank is the holding company for I-Sec. I-Sec is a leading Technology-based securities firm in India offering financial services to both Retail and Institutional clients.
Rs.519 - Rs.520
28 Shares and in multiple thereof
Rs.4,009~Cr – 4,017^ Cr
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About ICICI Securities Limited
ICICI Securities Limited provides institutional and retail broking, merchant banking, and advisory services to corporates, financial institutions, high net-worth individuals, and retail investors in India. It offers 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. The company also provides advisory services for acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, mergers, and exchange offers; and private equity advisory services on various products, including mezzanine and private equity financing, secondary sale transactions, pre-IPO deals, and preferential allotments by listed companies. In addition, it operates ICICIdirect.com, an online broking platform 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. Further, the company operates financial superstores that provide products, including online trading accounts, equities, mutual funds, IPOs, life and general insurance, fixed deposits, and other financial products; and offers trader, equity research and advisory, and wealth management services. ICICI Securities Limited was formerly known as ICICI Securities and Finance Company Limited and changed its name to ICICI Securities Limited in April, 2003. The company was incorporated in 1995 and is based in Mumbai, India. ICICI Securities Limited operates as a subsidiary of ICICI Bank Limited.
Objects of the IPO Issue:
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 Limited IPO Issue Details
|Issue Period||Issue Opens On: Thursday, March 22, 2018 Issue Closes On: Monday, March 26, 2018|
|Issue Details||Offer for Sale of 77,249,508 Equity Shares|
|Issue Size (Rs. Cr)||Rs.4,009~Cr – 4,017^ Cr|
|ICICI Bank Shareholders Reservation||3,862,475 Equity Shares (Rs.200~Cr – 201^Cr)|
|Price Band||Rs.519 – 520|
|Bid Lot||28 Equity Shares and multiple thereof|
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.
Strengths of ICICI Securities Limited
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
Summary of financial Information (Restated Standalone)
|Profit After Tax||3,376.1||2,357.4||2,439.6||733.0||756.6|