After listing its life and general insurance business, ICICI Bank is now all set to list its securities vertical, ICICI Securities.
According to sources, ICICI Securities’ initial public offering (IPO) will open on March 21st and close on March 23rd. The company will sell shares at a price of Rs 1,240 to Rs 1,250 per share. The bank is likely to raise Rs 4,200 crore approximately by diluting 24% in ICICI securities via IPO. ICICI securities is expected to be valued at Rs 16,800 crore.