ICICI Securities OFS

ICICI Securities OFS. Offloading 2.2% Stake

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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.


Series – Non RetailIS
Series – RetailRS
Number of shares being offered for sale71,21,403 equity shares of Rs 5/- each.
Maximum Bid Quantity71,21,403 equity shares
Allocation MethodologyPrice priority basis
Name of the Seller (s)ICICI Bank Limited
Name of the broker (s) on behalf the sellerICICI Securities Limited and Motilal Oswal Financial Services Limited
Face ValueRs 5
Floor PriceRs 440
Date of offer09-12-2020 and 10-12-2020
Market Lot1 Equity Share
Tick SizeRs 0.05
ExchangeBSE & NSE
Non Retail Category – Bidding details (IS Series)
Bidding session Date (For IS series)09-Dec-2020
Bidding session Time09:15 AM to 3:30 PM
SeriesIS (Non retail category)
Date to indicate carry forward of unallocated Bids in Non-retail category10-Dec-2020
Carry Forward Timings09:15 AM to 3:30 PM
Retail category Bidding details (RS Series)
Bidding session Date (For RS series)10-Dec-2020
Bidding session Time09:15 AM to 3:30 PM
SeriesRS (Retail category)
Reservation portion for Retail10% 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

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