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- ICICI Securities
ICICI Securities Valuation, Funding & Investors
ICICI Securities is valued at $1.8B as of March 2018.
Last ICICI Securities valuation
$1.8B
Undisclosed stage · Mar 2018
Last ICICI Securities funding round
$264M
Undisclosed stage · Mar 2018
Cumulative funding ICICI Securities raised
$264M
across 1 funding round
About ICICI Securities
ICICI Securities is a Mumbai-based financial services firm delivering retail broking, wealth management, and investment banking. The company operates ICICIdirect platform for equity trading, mutual funds, and IPOs. ICICI Securities maintains international presence via subsidiaries in the US and Singapore.
Founded
2000
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Commission
Valuation
$1.8B (Mar 2018)
Sectors
ICICI Securities Valuation
ICICI Securities is currently valued at $1.8B, based on its undisclosed-stage round in March 2018.
ICICI Securities valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2018 | Undisclosed stage | $1.8B |
ICICI Securities Funding History
ICICI Securities has raised a total of $264M across 1 funding round.
ICICI Securities funding rounds
| Date | Stage | Raised | Valuation | Deal Summary |
|---|---|---|---|---|
| Mar 2018 | Undisclosed stage | $264M | $1.8B | ICICI Securities, India's largest stockbroker by market share, launched its IPO as an Offer for Sale (OFS) by promoter ICICI Bank on March 22-26, 2018, at Rs 519-520 per share, valuing the company at Rs 16,750 crore market capitalization. The IPO aimed to raise approximately Rs 4,000 crore by selling about 24-25% stake but was undersubscribed due to market volatility, leading to a reduced size of Rs 3,500 crore after retail subscriptions fell short. ICICI Securities raised Rs 1,717-1,718 crore from 58 anchor investors including Temasek, Nomura, Fidelity, BlackRock, and Fairfax on March 21, 2018, at Rs 520 per share. The company demonstrated strong operational growth, with equity average daily turnover (ADTO) rising from Rs 1,68,400 crore in FY13 to Rs 6,21,000 crore in H1 FY18 at a CAGR of 33.6%, driven primarily by equity derivatives comprising 95.1% of total equity turnover. Valuations were quoted at a P/E multiple of 34.6 times TTM earnings by JainMatrix and around 30 times TTM EPS by ValuePickr, considered fair given high ROE, leadership in stock broking, and industry growth prospects, though cyclical nature limited PE expansion. The stock listed at a 14% discount to the offer price and traded at an 18% discount by April 2018. ICICI Securities reported consolidated profit after tax growth of 65% to Rs 558 crore in FY2018 from Rs 339 crore in FY2017, per ICICI Bank reports. The IPO represented a direct purchase opportunity in the stock broking sector, with positive grey market premium of Rs 10-15 per share pre-listing. |
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Start Free TrialAcquisitions by ICICI Securities
ICICI Securities has acquired 1 company to date.
Last acquisition by ICICI Securities was on August 3rd 2022. ICICI Securities acquired Multipie for undisclosed valuation.
Latest Acquisitions by ICICI Securities
| Description | Multipie is a web and mobile platform connecting investors through networking features tailored for deal-sharing and community building. |
| HQ Country | |
| HQ City | Mumbai |
| Deal Date | 3 Aug 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all ICICI Securities acquisitions and their M&A valuation multiples. Start Free Trial | |
ICICI Securities Competitors
ICICI Securities competitors include listed companies like TOP Financial Group, Matsui Securities, Okasan Securities and BaoViet, and private ones like Acorns and M1 Holdings.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $5M | ($716K) | $1.9B | - | ||
| Private | - | - | $1.9B | - | ||
| Publicly listed | $316M | - | $1.9B | - | ||
| Publicly listed | $645M | - | $1.6B | 7.6x | ||
| Publicly listed | $2.3B | $214M | $2B | 1.1x | ||
| Private | - | - | $1.4B | - |
ICICI Securities Public Comps
ICICI Securities is still privately-owned, but its public comps include TOP Financial Group, Matsui Securities, Okasan Securities, BaoViet, IBF Financial Holdings, Wealthfront, GBM, Tokai Tokyo Financial Holdings, GoFintech Quantum and eToro.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5M | ($716K) | 396.4x | - | (2613.7x) | - | |||
| $316M | - | - | - | - | - | |||
| $645M | - | 7.1x | 7.6x | - | - | |||
| $2.3B | $214M | 0.9x | 1.1x | 9.3x | - | |||
| $274M | - | 7.3x | - | - | - | |||
| $365M | ($93M) | 4.3x | 4.2x | (17.0x) | 9.9x | |||
| $220M | - | 7.0x | - | - | - | |||
| $628M | $172M | 2.3x | 2.4x | 8.5x | - | |||
This data is available for Pro users. Sign up to see all ICICI Securities competitors and their valuation data. Start Free Trial | ||||||||
Common questions about ICICI Securities
| When was ICICI Securities founded? | ICICI Securities was founded in 2000. |
| Where is ICICI Securities headquartered? | ICICI Securities is headquartered in Mumbai, India. |
| Is ICICI Securities publicly listed? | No, ICICI Securities is a private company. |
| What is ICICI Securities' valuation? | ICICI Securities was last valued at $1.8B in its undisclosed-stage round in March 2018. |
| How much funding has ICICI Securities raised? | ICICI Securities has raised $264M across 1 funding round. |
| What was ICICI Securities' last funding round? | ICICI Securities' last funding round was a $264M undisclosed-stage round in March 2018. |
| Which companies are comparable to ICICI Securities? | Companies comparable to ICICI Securities include TOP Financial Group, Acorns, Matsui Securities, Okasan Securities, BaoViet and M1 Holdings. |
| How many companies has ICICI Securities acquired? | ICICI Securities has acquired 1 company, including Multipie. |
See companies similar to ICICI Securities
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