Wednesday, March 14, 2018

ICICI Securities IPO worth Rs.4200 crore coming up on 22 March

After ICICI Prudential Life Insurance and ICICI Lombard General Insurance now the third  ICICI company coming up in the primary market to raise 4200 crore via IPO. ICICI Securities IPO to start from March 22.

ICICI Securities is a subsidiary firm of ICICI Bank and doing broking business in India. The ipo to hit the market on March 21 according to reports CNBC-TV18 quoting sources. ICICI Securities ipo price band might be around 1215-1240 per share. The company has a value of 16800 crore.

Last year ICICI Lombard raised around 5700 crore while ICICI Prudential Life raised 6000 crore from initial public offer. This March will be a month of IPO and there are lot to prove for the companies which will give a good return in short term.

ICICI Securities will be a good ipo to bet on and it will give a good returns in longer term for sure.