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ICICI Securities IPO worth INR 4,017 Crore opens today

ICICI Securities will be opening its Initial Public Offering on Thursday at Rs. 4,016 Crore. The subscription for IPO will be made available on 26th March. ICICI Securities which is a subsidiary of ICICI Bank in terms of its broking revenues is the largest domestic brokerage is the largest domestic brokerage. It is also offering shares in the price range of Rs. 519 to Rs. 520. For a lot of minimum 28 equity shares, bids can be made and then in multiples of 28 equity shares after that. A total of 7,72,49,508 shares are up for sale in which reservation of up to 38,62,475 shares is included for purchase by the shareholders of ICICI Bank.

Temasek of Singapore, Fairfax of Canada, Fidelity of US, and the Blackrock of US were all the foreign anchors that were included as was disclosed by the I-Sec on Wednesday. On the other hand, the domestic institutions included MF, HDFC, Blackrock MF, DSP, SBI MF, Reliance MF, IDFC MF, Birla MF, and Premji Invest. The anchor book has its major portion as the only funds including pension funds, sovereign wealth funds, and other foreign, as well as, domestic institutions.

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