ICICI Securities IPO

ICICI Securities IPOBusiness description – ICICI Securities 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, powered by its significant retail brokerage business, which accounted for 90.5% of the revenue from the brokerage business (excluding income earned on our funds used in the brokerage business) in fiscal 2017.

As of December 31, 2017, ICICIdirect, its award winning proprietary electronic brokerage platform, had approximately 3.9 million operational accounts of whom 0.8 million had traded on NSE in the preceding 12 months. Since inception, the company has acquired a total of 4.6 million customers through this platform as of December 31, 2017.

Promoters of ICICI Securities – ICICI Bank Limited
ICICI Securities IPO details
Subscription Dates 22 – 26 March 2018
Price Band INR519 – 520 per share
Fresh issue Nil
Offer For Sale 77,249,508 shares (INR4,009.25 – 4,016.97 crore)
Total IPO size 77,249,508 shares (INR4,009.25 – 4,016.97 crore)
Minimum bid (lot size) 28 shares
Face Value  INR5 per share
Retail Allocation 10%
Listing On NSE, BSE
ICICI Securities’ consolidated financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 9M FY2018
Total revenues 705.8 812.3 1,209.5 1,124.6 1,404.2 1,344.7
Total expenses 597.2 672.5 759.8 750.5 882.2 732.1
Profit after tax 71.8 89.2 293.9 238.7 338.6 399.1
Net margin (%) 10.2 11.0 24.3 21.2 24.1 29.7

ICICI Securities Contact Details

ICICI Securities Limited 
Shree Sawan Knowledge Park, Plot No. D-507
T.T.C. Industrial Area MIDC, Turbhe
Navi Mumbai 400 705

Phone: +91 22 6637 7100
+91 22 2288 2445
[email protected]
Website: www.icicisecurities.com

Registrar of ICICI Securities IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
 +91 40 2343 1551 
 [email protected]
Website: www.karvycomputershare.com

Valuation of ICICI Securities (Based on latest FY)

Earnings Per Share (EPS): INR10.51

Price/Earnings (P/E) ratio: 49.38 – 49.47

Return on Net Worth (RONW): 77.47%

Net Asset Value (NAV): INR14.99 per share

ICICI Securities IPO Subscription Details

Category Shares offered Subscription (no. of times) 
Day 1 Day 2 Day 3
QIB 22,016,111 0.48 0.54 1.04
NII 11,008,054 0.04 0.05 0.35
Retail 7,338,703 0.21 0.39 0.88
ICICI Bank shareholders 3,862,475 0.09 0.16 0.33
Total 44,225,343 0.29 0.36 0.78

ICICI Securities IPO Allotment Status

ICICI Securities IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

Listing Performance of ICICI Securities

IPO Opening Date: 22 March 2018

IPO Closing Date: 26 March 2018

Finalisation of Basis of Allotment: 2 April 2018

Initiation of refunds: 3 April 2018

Transfer of shares to demat accounts: 4 April 2018

Listing Date: 4 April 2018

Listing Price on NSE: INR435 per share (down 16.34% from IPO price)

Closing Price on NSE: INR445.1 per share (down 14.40% from IPO price)


  1. Very high priced but ICICI Direct is the best and largest in the business. There is no other company close to it in number of users. I have been using ICICI Direct for many years and I’m happy even though brokerage is high.

  2. Good anchor list but it is just covering the fact that icici has always brought ipo at high prices. Clearly avoiding this one, trade war is starting and stock markets may see panic selling…

  3. There are rumours Chanda Kochar may be arrested with Essar case. If that happens it would be a a big negative for this IPO.

  4. Tax on a long term gain is positive for brokerage companies and icici securities is leading one so though expensive but can be hold for atleast one quarter result . Huge profit is expected.

  5. ICICI brand has taken a big hit after Kochar fiasco. Sure shot it will list below the allotment price but icicidirect is a fundamentally good company. I plan to keep adding in this month with a 12 month horizon. I think it can double if market conditions improve.

  6. ICICI Direct is taking hit because of incredibly high valuation and intense competition in the broking industry. But we have to understand that ICICIDirect has a huge following among traders. We have to wait and watch at least for next on equarter.Ms Kochar is likely to move ahead unscatched.


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