ICICI Securities OFS is open for subscription from 09 December 2020 to 10 December 2020. the company is aiming to offload a 2.2% stake. at present ICICI bank is holding 77.2% stakes in ICICI Securities. the floor price for the OFS is fixed at ₹440. If the OFS is fully subscribed, ICICI Bank will be able to raise at least ₹313 crores.
ICICI OFS Details
Symbol | ISEC |
Series – Non Retail | IS |
Series – Retail | RS |
Number of shares being offered for sale | 71,21,403 equity shares of Rs 5/- each. |
Maximum Bid Quantity | 71,21,403 equity shares |
Allocation Methodology | Price priority basis |
Name of the Seller (s) | ICICI Bank Limited |
Name of the broker (s) on behalf the seller | ICICI Securities Limited and Motilal Oswal Financial Services Limited |
Face Value | Rs 5 |
ISIN | INE763G01038 |
Floor Price | Rs 440 |
Date of offer | 09-12-2020 and 10-12-2020 |
Market Lot | 1 Equity Share |
Tick Size | Rs 0.05 |
Exchange | BSE & NSE |
Non Retail Category – Bidding details (IS Series) | |
Bidding session Date (For IS series) | 09-Dec-2020 |
Bidding session Time | 09:15 AM to 3:30 PM |
Series | IS (Non retail category) |
Date to indicate carry forward of unallocated Bids in Non-retail category | 10-Dec-2020 |
Carry Forward Timings | 09:15 AM to 3:30 PM |
Retail category Bidding details (RS Series) | |
Bidding session Date (For RS series) | 10-Dec-2020 |
Bidding session Time | 09:15 AM to 3:30 PM |
Series | RS (Retail category) |
Reservation portion for Retail | 10% of offer size (As per SEBI OFS Guidelines, Retail bids below the cut-off price shall not be eligible for allocation) |
Final Thoughts
ICICI Securities OFS opens for subscription on 10 December 2020. Non-retail investors can put their bids on 10/12/2020 and Retail investors can subscribe on 11/12/2020. Subscribing for the IRCTC OFS is purely your personal choice. make a detailed study and make an investment according to your analysis.
Happy Investing