 "ICICI Securities raises Rs 17 billion from 58 anchor investors")
ICICI Securities on Wednesday allotted 33 million shares worth Rs 17.2 billion to 58 anchor investors. Some of the overseas investors who were alloted shares include Fidelity, Artisan, Fairfax, Nomura, Amansa & Blackrock.
Among the domestic investors, those given allotments are HDFC MF, DSP Blackrock, Reliance MF, Premji Invest, SBI MF, Birla MF and IDFC MF. The allotment was made at Rs 520 apiece. ICICI Securities' IPO opens for subscription on Thursday.
The price band for the issue is Rs 519 to Rs 520 per share. In the IPO, parent ICICI Bank is divesting 24% stake for about Rs 40 billion. ICICI Securities is the country’s leading broking and investment banking firm.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%