COMPANY BACKGROUND

ICICI Securities Limited 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.

It has been the largest equity broker in India since fiscal 2014 by brokerage revenue and active customers in equities on the National Stock Exchange (Source: CRISIL), powered by its significant retail brokerage business, which accounted for 90.5% of the revenue from its brokerage business (excluding income earned on its funds used in the brokerage business) in fiscal 2017.

Issue Highlights

Issue opens

Thursday, March 22, 2018

Issue closes

Monday, March 26, 2018

Issue Size

Up to 77,249,508 Equity Shares (Rs. 4009.25 Crs – Rs. 4016.97 Crs.) ICICI Bank Shareholders’ Reservation Portion Up to 3,862,475 Equity Shares Net Offer Up to 73,387,033 Equity Shares (Rs.3808.79 Crs – Rs. 3816.13 Crs.

Price Band

Rs.519/- to Rs.520/- per share

Bid Lot

28 Equity Shares and in multiples thereafter

Face Value

Rs. 5/- per share

Listing

NSE & BSE

Registrar

Karvy Computershare Private Limited

Payment

Compulsorily ASBA Mode


Issue Break up

Category Issue Size Allocation Equity Shares Issue Size (Rs. in Crs) Issue Size (Rs. in Crs)
    Lower Band Upper Band
Shareholder   3,862,475 200.46 200.85
QIB 75% 55,040,276 2856.59 2862.09
NIB 15% 11,008,054 571.32 572.42
Retail 10% 7,338,703 380.88 381.61
Total 100% 77,249,508 4009.25 4016.97

 

Object of the Issue

The Offer comprises an offer for sale by the Promoter Selling Shareholder.

The Promoter Selling Shareholder will be entitled to the entire proceeds of the Offer after deducting the Offer expenses and relevant taxes thereon. The Company will not receive any proceeds from the Offer. The objects of the Offer for the Company are to achieve the benefit of listing the Equity Shares on the Stock Exchanges and for the sale of Equity Shares by the Promoter Selling Shareholder. Further, the Company expects that the listing of Equity Shares will enhance its visibility and brand image and provide liquidity to its existing shareholders

Retail payment chart - ICICI Securities Limited

No. of Shares Cut off price per share Rs. 520 Total Amount (Rs.)
28 520 14560
56 520 29120
84 520 43680
112 520 58240
140 520 72800
168 520 87360
196 520 101920
224 520 116480
252 520 131040
280 520 145600
308 520 160160
336 520 174720
364 520 189280