The initial public offering (IPO) of ICICI Securities Ltd will open on March 22. Under the public issue, over 7.72 crore shares, of ₹5 each face value, would be issued at a premium.
The price band has been fixed between ₹519 and ₹520 per share. Bids can be made for a minimum lot of 28 equity shares and in multiples of 28 thereafter. The issue closes on March 26, Head-Retail Distribution of ICICI Securities Ketan Karkhanis said here on Tuesday.
Addressing reporters here on Tuesday, said the company focus is on consolidating its leadership position in the brokerage business besides investing in technology and innovation. It was keen on diversifying the revenue stream. For reducing revenue volatility, it sought to increase the contribution from financial product distribution business.
