ICICI Securities logs second worst listing of the year, but analyst sees long-term potential
ICICI Securities IPO was opened for subscription between March 22 and March 26. The company had fixed a price band of Rs 519-520 per share. ICICI Securities had reduced the size of its IPO to little over Rs 3,500 crore after the share sale received a sluggish response.
ICICI Securities listed at Rs 431.10, a 17 per cent discount to the issue price of Rs 520. Image source: ICICI Securities