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ICICI Securities files draft papers for IPO with SEBI

Equitypandit_SEBI

ICICI Securities has filed draft papers with SEBI to raise approx Rs.3,000-Rs,4,000 crore via an initial public offering (IPO).

As per the draft red herring prospectus (DRHP), the IPO constitutes sale of 6,44,28,280 equity shares. It will also have a reservation of up to 32.21 lakh shares for individual and Hindu Undivided Family (HUF) shareholders of ICICI Bank.

The company’s issue will be managed by DSP Merrill Lynch, IIFL Holdings, SBI Capital Markets, Citigroup Global Markets India, Edelweiss Financial Services and CLSA India.

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