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

ICICI Securities Overview

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

IndiaMumbai

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Commission

Valuation

$1.8B (Mar 2018)

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

ICICI Securities valuation by funding round
DateStageValuation
Mar 2018Undisclosed stage$1.8B

ICICI Securities Funding History

ICICI Securities has raised a total of $264M across 1 funding round.

ICICI Securities funding rounds

ICICI Securities funding rounds
DateStageRaisedValuationDeal Summary
Mar 2018Undisclosed stage$264M$1.8BICICI 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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Acquisitions 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

Multipie
Description
Multipie is a web and mobile platform connecting investors through networking features tailored for deal-sharing and community building.
HQ CountryIndia
HQ City
Mumbai
Deal Date3 Aug 2022
Valuationundisclosed
EV/Revenue
EV/EBITDA

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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.

Public and private companies comparable to ICICI Securities
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TOP Financial GroupSingaporeSingaporePublicly listed$5M($716K)$1.9B-
AcornsUnited StatesLos Angeles, CAPrivate--$1.9B-
Matsui SecuritiesJapanJapanPublicly listed$316M-$1.9B-
Okasan SecuritiesJapanJapanPublicly listed$645M-$1.6B7.6x
BaoVietVietnamVietnamPublicly listed$2.3B$214M$2B1.1x
M1 HoldingsUnited StatesChicago, ILPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
TOP Financial Group$5M($716K)396.4x-(2613.7x)-
Matsui Securities$316M-----
Okasan Securities$645M-7.1x7.6x--
BaoViet$2.3B$214M0.9x1.1x9.3x-
IBF Financial Holdings$274M-7.3x---
Wealthfront$365M($93M)4.3x4.2x(17.0x)9.9x
GBM$220M-7.0x---
Tokai Tokyo Financial Holdings$628M$172M2.3x2.4x8.5x-

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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.

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