August 29, 2016 4:54 AM ET

Capital Markets

Company Overview of ICICI Securities Limited

Company Overview

ICICI Securities Limited provides institutional and retail broking, merchant banking, and advisory services to corporates, financial institutions, high net-worth individuals, and retail investors in India. It offers equity capital market products, such as initial public offerings (IPO), further public offerings, rights offerings, convertible offerings, qualified institutional placements, non-convertible debentures, buyback, delisting, and open offers and international offerings for unlisted and listed entities. The company also provides advisory services for acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, mergers, and exchange offers; and p...

Plot No. D-507

Shree Sawan Knowledge Park

T.T.C. Industrial Area

MIDC, Turbhe

Navi Mumbai,  400705

India

Founded in 1995

Key Executives for ICICI Securities Limited

Chief Executive Officer, Managing Director, Executive Director and Member of Corporate Social Responsibility Committee
Age: 45
Chairperson, Member of Nomination & Remuneration Committee, Managing Director of ICICI Bank and Chief Executive Officer of ICICI Bank
Age: 54
Chief Financial Officer
Chief Executive Officer of ICICI Securities Primary Dealership Ltd and Managing Director of ICICI Securities Primary Dealership Ltd
Country Head of Operations - Oman
Compensation as of Fiscal Year 2016.

ICICI Securities Limited Key Developments

Government Selects Four Investment Banks For Share Sale In HUDCO

Department of Investment and Public Asset Management (DIPAM), the nodal agency under the finance ministry that co-ordinates government disinvestment program has selected four investment banks for the proposed share sale in Housing and Urban Development Corporation (HUDCO). These four banks include Nomura Capital (India) Private Limited, SBI Capital Markets Limited, ICICI Securities Limited, IDBI Capital Market Services Limited. After qualifying on technical basis, DIPAM has selected Nomura that has quoted the lowest financial bids of a little over INR 50 million and others were asked to match the fee, said one of the top official of a leading investment bank that has participated in the process.

Government Plans To Sell Stake In HUDCO Through IPO

The government is planning to sell 10% stake in Housing and Urban Development Corporation, which is under administrative control of the Urban Development Ministry, through an initial public offer. As many as nine merchant bankers, including Citigroup Inc. (NYSE:C) and Nomura Financial Advisory Securities (India) Private Limited, have queued up to manage the 10% stake sale of HUDCO. The other bankers who are in fray are SBI Capital Market Limited, IDBI Capital Markets Services Limited, ICICI Securities Limited, IDFC Bank Limited (BSE:539437), Axis Capital Limited, Yes Bank Limited (BSE:532648) and Edelweiss Financial Services Limited (BSE:532922), according to the Department of Investment and Public Asset Management. The government will select up to four merchant bankers for managing HUDCO stake sale on August 18, 2016.

ICICI Prudential Reportedly Picked Arrangers For IPO

ICICI Prudential Life Insurance Company Ltd. has picked arrangers for an initial public offering (IPO) of as much as $892 million, people familiar with the matter said, in what could be India’s biggest first-time share sale in six years. ICICI Prudential selected Bank of America Corporation and ICICI Securities Limited to lead an offering scheduled for this year, according to the people, who asked not to be identified because the information is private. CLSA Limited, UBS Group AG(SWX:UBSG), Deutsche Bank AG(BUSE:DEUTSCHEBANK), JM Financial Limited (NSEI:JMFINANCIL), IIFL Holdings Limited (NSEI:IIFL) and Edelweiss Financial Services Limited (BSE:532922) are also working on the share sale for the insurer, which is controlled by ICICI Bank Ltd. (NSEI:ICICIBANK), the people said. ICICI Bank plans to sell part of its stake in the IPO, while Prudential Plc (LSE:PRU), which has a 26% holding, has not yet made a decision on the sale, the people said. A Mumbai-based spokesman for the insurer didn’t immediately respond to a phone call and an e-mail seeking comment.

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