Capital market company, ICICI
Securities Limited, a subsidiary of private sector lender ICICI Bank, has filed
a DRHP with the market regulator Sebi for an Initial Public Offering (IPO) to
raise an estimated Rs 3,000 – 4,000 cr.
The issue constitutes a public offer
of up to 6.44 cr equity shares with a
face value of Rs. 5.00 each, representing about 20% of the company’s equity
capital. The offer includes reservation of upto 32.21 lakh shares for
individual investors and Hindu Undivided Family (HUF) and shareholders of ICICI
Bank.
The ICICI Bank Board, on Nov 7 had
approved the sale of a part of its shareholding in ICICI Securities. The bankers to manage the issues include
Citigroup Global Markets, CLSA, BoAML, Edelweiss Financial Services and IIFL
Holdings.
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