ICICI Securities makes weak debut; lists at 17% discount
04/04/2018
Shares of ICICI Securities made a weak debut at the local bourses on Wednesday by listing at Rs 431, a 17 per cent lower against its issue price of Rs 520 per share on the Bombay Stock Exchange (BSE). The technology based securities firm, whose initial public offer (IPO) was subscribed 0.78 times, listed at Rs 435 on the National Stock Exchange (NSE). During the day’s trade so far, scrip of the company touched an intra-day high and low of Rs 462.70 and Rs 431.10 respectively on the BSE. ICICI Securities said it has raised Rs 3,515 crore at the issue price of Rs 520 per share from its recently concluded initial public offering, reported PTI. The public issue of the shares closed on March 26 after three days of bidding in a price band of Rs 519-520. Meanwhile, the broader benchmark BSE Sensex was trading at 33,414.37, up 43.74 points, or 0.13 per cent, at 12:10 hours.
04/04/2018
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Shares of ICICI Securities made a weak debut at the local bourses on Wednesday by listing at Rs 431, a 17 per cent lower against its issue price of Rs 520 per share on the Bombay Stock Exchange (BSE). The technology based securities firm, whose initial public offer (IPO) was subscribed 0.78 times, listed at Rs 435 on the National Stock Exchange (NSE). During the day’s trade so far, scrip of the company touched an intra-day high and low of Rs 462.70 and Rs 431.10 respectively on the BSE. ICICI Securities said it has raised Rs 3,515 crore at the issue price of Rs 520 per share from its recently concluded initial public offering, reported PTI. The public issue of the shares closed on March 26 after three days of bidding in a price band of Rs 519-520. Meanwhile, the broader benchmark BSE Sensex was trading at 33,414.37, up 43.74 points, or 0.13 per cent, at 12:10 hours.
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