Signals, Powered By EquityPandit
ICICI Securities, the subsidiary of ICICI Bank, will open its initial public offering (IPO) of 7,72,49,508 equity shares for subscription on March 22, 2018.
The offer will close on March 26,2018. The price band has been fixed at Rs.519-520 per share. The public issue of ICICI Securities is expected to raise Rs.4,017 crore and bids can be made for a minimum lot of 28 equity shares and in multiples of 28 shares thereafter.
Furthermore, in its filings to the exchanges the bank said, “The Offer includes a reservation of up to 38,62,475 equity shares of ICICI Securities for purchase by ICICI Bank shareholders, i.e., the individuals and HUFs who are the public equity shareholders of ICICI Bank Limited.”
