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ICICI Securities Limited: Initial Public Offer to open on March 22, 2018 and to close on March 26, 2018 Price Band: Rs. 519 to Rs. 520 per Equity Share

(L-R): Ms. Kaku Nakhate (DSP Merrill Lynch Limited), Mr. Ajay Saraf (Executive Director, ICICI Securities Limited), Ms. Chanda Kochhar (Chairperson, ICICI Securities Limited), Ms. Shilpa Kumar (Managing Director & Chief Executive Officer, ICICI Securities Limited), Mr. Harvinder Jaspal (Chief Financial Officer, ICICI Securities Limited) and Mr. Ravi Kapoor (Citigroup Global Markets India Private Limited) at ICICI Securities Limited IPO Press Conference held in Mumbai today.- Photo By Sachin Murdeshwar GNS(L-R): Ms. Kaku Nakhate (DSP Merrill Lynch Limited), Mr. Ajay Saraf (Executive Director, ICICI Securities Limited), Ms. Chanda Kochhar (Chairperson, ICICI Securities Limited), Ms. Shilpa Kumar (Managing Director & Chief Executive Officer, ICICI Securities Limited), Mr. Harvinder Jaspal (Chief Financial Officer, ICICI Securities Limited) and Mr. Ravi Kapoor (Citigroup Global Markets India Private Limited) at ICICI Securities Limited IPO Press Conference held in Mumbai today.- Photo By Sachin Murdeshwar GNS
(L-R): Ms. Chanda Kochhar (Chairperson, ICICI Securities Limited) and Ms. Shilpa Kumar (Managing Director & Chief Executive Officer, ICICI Securities Limited) addressing the media at ICICI Securities Limited Press Conference held in Mumbai today.- Photo By Sachin Murdeshwar GNS

(L-R): Ms. Chanda Kochhar (Chairperson, ICICI Securities Limited) and Ms. Shilpa Kumar (Managing Director & Chief Executive Officer, ICICI Securities Limited) addressing the media at ICICI Securities Limited Press Conference held in Mumbai today.- Photo By Sachin Murdeshwar GNS

Ms. Chanda Kochhar (Chairperson, ICICI Securities Limited)addressing the media at ICICI Securities Limited Press Conference held in Mumbai today.- Photo By Sachin Murdeshwar GNS

Ms. Chanda Kochhar (Chairperson, ICICI Securities Limited)addressing the media at ICICI Securities Limited Press Conference held in Mumbai today.- Photo By Sachin Murdeshwar GNS

Mumbai, March 15, 2018 (GNS) : ICICI Securities Limited (the “Company” or the “Issuer”) proposes to open on Thursday, March 22, 2018, an initial public offering of 77,249,508 Equity Shares of face value of Rs. 5 each for cash at a Price including a Share Premium (the “Offer”) through an Offer for Sale of up to 77,249,508 Equity Shares by ICICI Bank Limited (the “Promoter Selling Shareholder”), including a reservation of up to 3,862,475 Equity Shares for purchase by the ICICI Bank Shareholders for cash at a Price including a Share Premium (“ICICI Bank Shareholders’ Reservation Portion”). The Offer would constitute 23.98% of the Post-Offer Paid-Up Equity Share Capital and the Net Offer (the Offer excluding “ICICI Bank Shareholders’ Reservation Portion”) shall constitute 22.78% of the Post-Offer paid-up Equity Share Capital.

The Price Band has been fixed from Rs. 519 to Rs. 520 per Equity Share. Bids can be made for a minimum lot of 28 Equity Shares and in multiples of 28 Equity Shares thereafter.

The Bid/Offer Period will close on Monday, March 26, 2018. The Promoter Selling Shareholder, in consultation with the Lead Managers, is considering participation by Anchor Investors in accordance with thethe Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI ICDR Regulations”). The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Issue Opening Date, being March 21, 2018.

The Equity Shares being offered through the Red Herring Prospectus dated March 13, 2018 (the “RHP”) are proposed to be listed on BSE and NSE.

The Book Running Lead Managers (“BRLMs” or “Lead Managers”) to the Offer are DSP Merrill Lynch Limited, Citigroup Global Markets India Private Limited, CLSA India Private Limited, Edelweiss Financial Services Limited, IIFL Holdings Limited and SBI Capital Markets Limited. ICICI Securities Limited is acting as the BRLM – Marketing to the Offer.*

The Promoter Selling Shareholder may, in consultation with the Lead Managers, allocate up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third shall be available for allocation to domestic Mutual Funds only. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders other than Anchor Investors, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not more than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders and not more than 10% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential investors, other than Anchor Investors, are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank account which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) to participate in the Offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process.

The RHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the lead managers, DSP Merrill Lynch Limited, Citigroup Global Markets India Private Limited, CLSA India Private Limited, Edelweiss Financial Services Limited, IIFL Holdings Limited, and SBI Capital Markets Limited at www.ml-india.comwww.online.citibank.co.in/rhtm/citigroupglobalscreen1.htmwww.india.clsa.comwww.edelweissfin.comwww.iiflcap.com, and www.sbicaps.com respectively and on the website of ICICI Securities Limited (in its capacity as BRLM-Marketing) at www.icicisecurities.com.