Icici Securities IPO:GMP, Issue Size, Issue Price and Important dates

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Icici Securities IPO is a leading technology-based securities firm in India that offers a wide range of financial services and is all set to make a debut in the stock market with an issue size of 4016.97 Cr.   

Icici Securities IPO – Overview    

 Issue Date           22-26 March 2018 
Icici Securities IPO Opening Date           22 March 2018 
Icici Securities IPO Face Value           INR 5 per share           
Icici Securities IPO Price           INR 520 per share          
Icici Securities IPO Lot Size           265 Shares          
Issue Size           4016.97 Cr      
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE
QIB Shares Offered             1.04 times 
NII (HNI) Shares           0.36 times 
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. 

Tentative Dates           

Icici Securities IPO opening date           22 March 2018  
Icici Securities IPO closing date           26 March 2018  
Basis of Allotment           2 April 2018 
Initiation of Refunds           3 April 2018 
The credit of Shares to Demat          4 April 2018 
ICICI SECURITIES IPO Listing Date           5 April 2018 

Company Overview    

It 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 offer 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. 

Icici Securities IPO- Industry Overview    

There were a total of approximately 13.3 million and 16.2 million demat accounts at the CDSL and the NSDL, respectively. In addition, the number of demat accounts with CDSL and NSDL has increased at a CAGR of 11.0% and 5.5%, respectively, from March 31, 2013, to September 2017, reflecting the growing popularity of direct equity investments. In addition, the number of companies whose shares are available for trading in the demat format has increased tremendously, capturing the sizeable benefits of dematerialization and the presence of a dual depository system. As of September 30, 2017, a total of 10,503 and 18,682 companies had signed up for dematerialization at the CDSL and the NSDL, respectively. 

 Icici Securities IPO-Objectives           

  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. 

Financial Statements          

Particulars          31-March-17 31-Mar-16 31-Mar-15 
Total Assets          20,401.6 13,920.2 13,611.4 
Total Revenue          14,039.0 11,235.6 12,094.6 
Profit After Tax          3,376.1 2,357.4  2,439.6 

Icici Securities IPO- Strengths          

  1. Largest Equity Broker in India Powered by Proprietary Technology Platform: ICICI direct. 
  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 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 

Registrar 

KFin Technologies Limited 
 
Phone: 04067162222, 04079611000 
Email: einward.ris@karvy.com 
Website: https://karisma.kfintech.com/ 

Lead Manager(s) 

  1. BofA Securities India Limited (Past IPO Performance) 
  1. Citigroup Global Markets India Private Limited (Past IPO Performance) 
  1. CLSA India Private Limited (Past IPO Performance) 
  1. Edelweiss Financial Services Ltd (Past IPO Performance) 
  1. IIFL Securities Ltd (Past IPO Performance) 
  1. SBI Capital Markets Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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