IPO News
Home >> Markets >> Equity >> News >> IPO News Detailed News
ICICI Securities settles with over 14% discount
(16:26, 04 Apr 2018)

Shares of ICICI Securities settled at Rs 445.05 on BSE, a discount of 14.41% over the initial public offer price of Rs 520.

The stock debuted at Rs 431.10, a discount of 17.10% to the initial public offer (IPO) price. The stock hit a high of Rs 462.70 and low of Rs 431.10. On BSE, 13.16 lakh shares were traded on the counter.

The IPO of ICICI Securities opened for subscription on 22 March 2018 and closed on 26 March 2018. The issue received bids for 3.46 crore shares. The price band of the issue was Rs 519 to Rs 520 per share.

Ahead of the opening of the IPO, the board of directors of the company at its meeting held on 21 March 2018, finalised allocation of 3.30 crore equity shares to anchor investors at Rs 520 per share.

The entire proceeds from the offer for sale will be paid to selling shareholders. The objects of the offer were to achieve the benefits of listing the equity shares of the company on the stock exchanges. The listing of equity shares will enhance its visibility and brand image and provide liquidity to its existing shareholders.

On a consolidated basis, ICICI Securities' profit after tax stood at Rs 399.09 crore on sales of Rs 1218.36 crore in the nine months ended December 2017.

Incorporated in 1995, ICICI Securities is a wholly owned subsidiary of ICICI Bank, India's largest financial conglomerate, offering a wide range of financial services including brokerage, financial product distribution and investment banking.

Powered by Capital Market - Live News

Adani Ports & Special Economic Zone Ltd     333.35   Down   0.00 (0.00%)   Asian Paints Ltd     1,267.60   Down   0.00 (0.00%)   Axis Bank Ltd     588.85   Down   0.00 (0.00%)   Bajaj Auto Ltd     2,610.50   Down   0.00 (0.00%)   Bajaj Finance Ltd     2,308.85   Down   0.00 (0.00%)   Bajaj Finserv Ltd     5,657.10   Down   0.00 (0.00%)   Bharat Petroleum Corporation Ltd     302.10   Down   0.00 (0.00%)   Bharti Airtel Ltd     294.00   Down   0.00 (0.00%)   Bharti Infratel Ltd     266.25   Down   0.00 (0.00%)   Cipla Ltd     639.75   Down   0.00 (0.00%)   Coal India Ltd     276.40   Down   0.00 (0.00%)   Dr Reddys Laboratories Ltd     2,573.60   Down   0.00 (0.00%)   Eicher Motors Ltd     23,002.15   Down   0.00 (0.00%)   GAIL (India) Ltd     352.30   Down   0.00 (0.00%)   Grasim Industries Ltd     905.50   Down   0.00 (0.00%)   HCL Technologies Ltd     1,003.40   Down   0.00 (0.00%)   HDFC Bank Ltd     1,992.75   Down   0.00 (0.00%)   Hero Honda Motors Ltd     2,895.20   Down   0.00 (0.00%)   Hindalco Industries Ltd     230.55   Down   0.00 (0.00%)   Hindustan Petroleum Corporation Ltd     212.15   Down   0.00 (0.00%)   Hindustan Unilever Ltd     1,546.20   Down   0.00 (0.00%)   Housing Development Finance Corporation Ltd     1,756.25   Down   0.00 (0.00%)   ICICI Bank Ltd     320.65   Down   0.00 (0.00%)   Indiabulls Housing Finance Ltd     907.35   Down   0.00 (0.00%)   Indian Oil Corporation Ltd     135.45   Down   0.00 (0.00%)   IndusInd Bank Ltd     1,620.55   Down   0.00 (0.00%)   Infosys Technologies Ltd     695.25   Down   0.00 (0.00%)   ITC Ltd     282.65   Down   0.00 (0.00%)   JSW Steel Ltd     373.60   Down   0.00 (0.00%)   Kotak Mahindra Bank Ltd     1,175.75   Down   0.00 (0.00%)   Larsen & Toubro Ltd     1,224.65   Down   0.00 (0.00%)   Mahindra & Mahindra Ltd     777.70   Down   0.00 (0.00%)   Maruti Suzuki India Ltd     7,150.90   Down   0.00 (0.00%)   NIFTY (S&P CNX)     10,584.75   Down   0.00 (0.00%)   NTPC Ltd     163.95   Down   0.00 (0.00%)   Oil & Natural Gas Corpn Ltd     165.60   Down   0.00 (0.00%)   Power Grid Corporation of India Ltd     187.20   Down   0.00 (0.00%)   Reliance Industries Ltd     1,163.80   Down   0.00 (0.00%)   State Bank of India     270.30   Down   0.00 (0.00%)   Sun Pharmaceuticals Industries Ltd     602.70   Down   0.00 (0.00%)   Tata Consultancy Services Ltd     1,962.30   Down   0.00 (0.00%)   Tata Motors Ltd     185.85   Down   0.00 (0.00%)   Tata Steel Ltd     572.80   Down   0.00 (0.00%)   Tech Mahindra Ltd     718.70   Down   0.00 (0.00%)   Titan Company Ltd     810.60   Down   0.00 (0.00%)   UltraTech Cement Ltd     3,752.70   Down   0.00 (0.00%)   UPL Ltd     642.10   Down   0.00 (0.00%)   Vedanta Ltd     212.45   Down   0.00 (0.00%)   Wipro Ltd     319.05   Down   0.00 (0.00%)   Yes Bank Ltd     248.90   Down   0.00 (0.00%)   Zee Entertainment Enterprises Ltd     469.75   Down   0.00 (0.00%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com