
ICICI Securities is a subsidiary firm of ICICI Bank and doing broking business in India. The ipo to hit the market on March 21 according to reports CNBC-TV18 quoting sources. ICICI Securities ipo price band might be around 1215-1240 per share. The company has a value of 16800 crore.
Last year ICICI Lombard raised around 5700 crore while ICICI Prudential Life raised 6000 crore from initial public offer. This March will be a month of IPO and there are lot to prove for the companies which will give a good return in short term.
ICICI Securities will be a good ipo to bet on and it will give a good returns in longer term for sure.