IPO: ICICI Securities Limited

Company & Business Profile

ICICI Securities Ltd is a leading technology-based securities firm in India that offers a wide range of financial services including brokerage, financial product distribution and investment banking and focuses on both retail and institutional clients. They offer their services to corporate, financial institutions, high net-worth individuals, and retail investors.

The company operates ICICIdirect.com, an online broking platform for investors to invest in equity, derivatives, currency futures, mutual funds, and other financial products, as well as to access research information, stock picks, and mutual fund recommendations. As of December 31, 2017, ICICIdirect had approximately 3.9 million operational accounts of whom 0.8 million had traded on NSE in the preceding 12 months. Since inception, the company had acquired a total of 4.6 million customers through this platform as of December 31, 2017.

As on September 30, 2017, ICICI Securities’ retail brokerage and distribution businesses consists of over 200 of our own branches, over 2,600 branches of ICICI Bank through which our electronic brokerage platform is marketed and over 4,600 sub-brokers, authorised persons, independent financial associates and independent associates.

Objects of the Issue

The objects of the offer for the company are to:

– Achieve the benefit of listing the equity shares on the stock exchanges and for the sale of equity shares by the promoter selling shareholder.

– Listing of equity shares will enhance its visibility and brand image and provide liquidity to its existing shareholders.

Listing

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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