ICICI Securities Shares To List On Bourses On Wednesday
ICICI Shares are scheduled to get listed on BSE and NSE on Wednesday, i.e on April 4, 2018. Between March 22 and March 26, the initial public offering was opened for subscription. ICICI Securities had fixed a price band of Rs 519-520 per share.
The company had reduced the size of its IPO to little over Rs 3,500 crore. This was done when the share sale received a sluggish response, especially from high networth individuals.
It was observed that the sale of the shares of leading brokerage firm received around 88 per cent subscription including the anchor portion as well. It was to raise up to Rs 4,016 crore.
The ICICI Securities has also stated in an interview that it has successfully closed its proposed Offer for Sale and raised around Rs 3,500 crore.
Now it can be concluded that the size of the initial public offer has been reduced in the wake of sluggish response.