ICICI securities make a weak market debut, lists at 17% discount to issue price
icici-securities-make-weak-market-debut
New Delhi: India's largest broking firm ICICI Securities started the market for the first time on Wednesday, as the stock on NSE was listed at Rs 435, which was a discount of 16.35% against the issue of Rs 520. Stocks listed on BSE are Rs. 431.10, down 17.10 percent
The initial public offer (IPO) of the brokerage branch of ICICI Bank was open for membership on 22-26 March. The price band for the proposal was fixed at Rs 519-520.
The IPO of Rs 4,017 crore received a poor response from the investors as only 78 percent of the subscription was received on the last day of the process of bidding on this issue. However, with anchor allocation, a total of 87.9 percent of the bid was received on this issue.
The share of QIB was fully subscribed, but the quota for retail investors (88 percent) and non-institutional investors (33 percent) remained undefined
Post under membership, the company has cut its IPO size by 3500 crores. About Rs, 1,717 crores of this were raised from anchor investors. The share of QIB was fully subscribed, but the quota for retail investors (88 percent) and non-institutional investors (33 percent) remained undefined
This company operates the ICICIDRC Direct, an online booking platform, to help investors to invest in their investment options.
Company revenue from non-broking business, which mainly consists of distribution and investment banking, is now 37.4 percent of the total pie (financial year 17), which is above 29.7 percent (the financial year 2013).
ICICI Securities CEO Shilpa Naval Kumar said after the ban on cash, physical savings have changed from the financial side, which is accompanied by the tune of digital digitization, is a boon for digital financial space.
ICICI securities make a weak market debut, lists at 17% discount to issue price
icici-securities-make-weak-market-debut
 |
| icici-securities-make-weak-market-debut |
New Delhi: India's largest broking firm ICICI Securities started the market for the first time on Wednesday, as the stock on NSE was listed at Rs 435, which was a discount of 16.35% against the issue of Rs 520. Stocks listed on BSE are Rs. 431.10, down 17.10 percent
The initial public offer (IPO) of the brokerage branch of ICICI Bank was open for membership on 22-26 March. The price band for the proposal was fixed at Rs 519-520.
The IPO of Rs 4,017 crore received a poor response from the investors as only 78 percent of the subscription was received on the last day of the process of bidding on this issue. However, with anchor allocation, a total of 87.9 percent of the bid was received on this issue.
The share of QIB was fully subscribed, but the quota for retail investors (88 percent) and non-institutional investors (33 percent) remained undefined
Post under membership, the company has cut its IPO size by 3500 crores. About Rs, 1,717 crores of this were raised from anchor investors. The share of QIB was fully subscribed, but the quota for retail investors (88 percent) and non-institutional investors (33 percent) remained undefined
This company operates the ICICIDRC Direct, an online booking platform, to help investors to invest in their investment options.
Company revenue from non-broking business, which mainly consists of distribution and investment banking, is now 37.4 percent of the total pie (financial year 17), which is above 29.7 percent (the financial year 2013).
ICICI Securities CEO Shilpa Naval Kumar said after the ban on cash, physical savings have changed from the financial side, which is accompanied by the tune of digital digitization, is a boon for digital financial space.
ICICI securities make a weak market debut, lists at 17% discount to issue price
This is dummy text. It is not meant to be read. Accordingly, it is difficult to figure out when to end it. But then, this is dummy text. It is not meant to be read. Period.
ConversionConversion EmoticonEmoticon