ICICI Securities IPO: Why Rs 4,017-crore issue was undersubscribed
On Monday, the IPO of ICICI Securities was subscribed just 88% including the portion set apart for anchor investors on the last day of the issue. The firm said it raised around Rs 3,500 crore from the IPO. The brokerage received bids for 3,46,75,396 shares against the total issue size of 4,42,25,343 shares (without anchor portion), according to NSE data.
Last Updated: March 27, 2018 | 13:36 IST