ICICI Securities IPO
ICICI Securities IPO — date, price band, lot size & details 2018
ICICI Securities listed on 4 Apr 2018 at ₹435, 16.3% below the ₹520 issue price.
ICICI Securities is a technology based securities firm offering broking, financial product distribution and investment banking to retail and institutional clients. Its total income was Rs 1,403.90 crore in FY2017.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 22 Mar 2018
- Close 26 Mar 2018
- Allotment 02 Apr 2018
- Refund/credit 03 Apr 2018
- Listing 04 Apr 2018
Issue summary
The terms of the offer, as filed.
| IPO Dates | 22 to 26 Mar, 2018 |
|---|---|
| Price Band | ₹519 – ₹520 |
| Face Value | ₹5 |
| Lot Size | 28 Shares |
| Issue Size | ₹3480.12 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,560 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 28 shares at the ₹520 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 28 | ₹14,560 |
| Retail (max) | 13 | 364 | ₹1,89,280 |
| S-HNI (min) | 14 | 392 | ₹2,03,840 |
| S-HNI (max) | 68 | 1,904 | ₹9,90,080 |
| B-HNI (min) | 69 | 1,932 | ₹10,04,640 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Profit after tax rose from Rs 243.96 crore in FY2015 to Rs 337.61 crore in FY2017, and was Rs 398.31 crore in nine months to December 2017.
- 02Total income rose from Rs 1,123.56 crore in FY2016 to Rs 1,403.90 crore in FY2017.
- 03It is backed by ICICI Bank, which held 79.02% after the issue.
- 04Total assets grew from Rs 1,361.14 crore in FY2015 to Rs 2,917.42 crore on 31 December 2017.
Risks · 5
- 01Broking income swings with market volumes; total income fell from Rs 1,209.46 crore in FY2015 to Rs 1,123.56 crore in FY2016.
- 02Total borrowing rose from Rs 172.86 crore in FY2016 to Rs 860.71 crore on 31 December 2017.
- 03Low cost brokers compete hard on fees, which can pressure its pricing; reserves were Rs 508.99 crore.
- 04The whole Rs 3,480.12 crore issue was an offer for sale, so none of it went to the company.
- 05ICICI Bank held 100% before the issue and 79.02% after it, so it controls the company.
Three years of numbers
All figures in ₹ crore, as reported in the ICICI Securities offer document.
| Metric | 31 Dec 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 2,917.42 | 2,040.16 | 1,392.02 | 1,361.14 |
| Total Income | 1,344.69 | 1,403.90 | 1,123.56 | 1,209.46 |
| Profit After Tax | 398.31 | 337.61 | 235.74 | 243.96 |
| Reserves and Surplus | 508.99 | 323.98 | 233.16 | 191.06 |
| Total Borrowing | 860.71 | 395.41 | 172.86 | 226.53 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the ICICI Securities IPO will be updated shortly.
About the company
It offers a wide range of financial services including broking, distribution of financial products and investment banking, for both retail and institutional clients.
Its capital market work includes IPOs, further public offers and rights issues.
The IPO was Rs 3,480.12 crore and was entirely an offer for sale by ICICI Bank at Rs 520, the top of the Rs 519 to Rs 520 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
ICICI Securities IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: Kalyan Jewellers India (-15.0%).
IIFL Capital Services Limited
145 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: Rategain Travel Technologies (-15.3%).
Bofa Securities India Limited
64 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
Citigroup Global Markets India Pvt. Ltd
74 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
CLSA India Pvt. Ltd
18 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: Star Health and Allied Insurance Company (-6.1%).
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: KSK Energy Ventures (-12.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of ICICI Securities?
The current Grey Market Premium is ₹12.5, or 2% over the issue price.
What is the ICICI Securities IPO price band?
₹519 to ₹520, on a face value of ₹5.
When is the allotment?
The basis of allotment is 2 April 2018, with listing on 4 April 2018.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
