Latest News
-
Reliance, ONGC, Tata, Adanis: Energy Stocks Didn't Get The Memo Of Bears, Up 12% In 30-Days; 10 Stocks To BUY -
Sebi to Enhance Price Discovery for Firms Trading Below Book Value -
Hindustan Zinc to Persist in Demerger Discussions with Government, Says CEO -
8 Tata Group Stocks To Buy That Will Pay Dividends Soon, Q4 In Focus; Are You Invested? -
Gold Prices In US: Yellow Metal Rates Surge Amid Escalating Tensions In Middle East; Hit Record High -
Jio Financial Services Sees 80% YoY Decline In Q4 Net Profit, Net Interest Income Dives 70% -
Rs 25/Share Dividend Payout: Multibagger Small Cap Tata Stock Declares 52.6% Jump In Q4 PAT -
Wipro Q4 Results: Cons PAT Up 5% QoQ To Rs 2,834.6 Crore, Revenue Guidance Weaker Than Estimates -
How To Apply Your Voter ID Card Online: Quick Guide For Indian Citizens -
Emmforce Autotech IPO Debut April 23: Issue Size, Price Band, Check Details?
ICICI Securities IPO Subscribed 36% on Day 2
The over Rs 4,000-crore initial public offer of ICICI Securities was subscribed 36 per cent on the second day of bidding yesterday. The IPO to raise over Rs 4,000 crore received bids for 1,59,57,060 shares against the total issue size of 4,42,25,343 shares, NSE data showed.
Qualified institutional buyers (QIBs) portion was subscribed 54 per cent, non-institutional investors 5 per cent and retail investors 39 per cent. The IPO is of 77,249,508 shares (including anchor portion of 33,024,165 shares).
The issue of the brokerage firm, part of ICICI group, which will close on March 26, is in a price band of Rs 519-520. ICICI Securities on Wednesday raised Rs 1,717 crore from anchor investors. DSP Merrill Lynch, ICICI Securities, Citigroup Global Markets India, CLSA India, Edelweiss Financial Services, IIFL Holdings and SBI Capital Markets are managing the issue.
Source: PTI
