ICICI Securities makes weak debut; ends 14% below issue price on BSE

The stock listed at Rs 431, a 17% lower against its issue price of Rs 520 per share on the BSE, while on NSE the stock opened 16% lower at Rs 435

ICICI Securities made a weak debut by listing at Rs 431, a 17% lower against its issue price of Rs 520 per share on the BSE. On the National Stock Exchange (NSE), the stock opened at Rs 435, a 16% below its offer price.

ICICI Securities ended at Rs 445, a 14% below its issue price, after hitting high of Rs 463 on the BSE in intra-day trade. A combined 8.74 million shares changed hands on the counter on the BSE and NSE, the exchange data shows.

ICICI Securities had reduced the size of its initial public offer