ICICI Securities Ltd.
IPOs where ICICI Securities Ltd. acted as a book-running lead manager, with each issue’s size and listing outcome.
Track record on ipostation
ipostation's database lists ICICI Securities Ltd. as a book-running lead manager on 19 IPOs: all of them mainboard issues. Bidding dates recorded here run from Jun 2026 to Oct 2026, and 5 issues have no bidding date recorded yet. Of these, 12 have listed, 2 are between scheduling and listing and 5 are at the draft-filing (announced) stage. It shared every one of these mandates with at least one other lead manager.
Issue size is recorded for 18 of the 19 IPOs. They range from ₹500 Cr (Runwal Enterprises) to ₹30,213 Cr (Jio Platforms), with a median of ₹1,700 Cr. The 12 listed issues with a recorded size total ₹44,072.12 Cr; sizes for issues that have not listed are the amounts stated in their offer documents.
A listing-day change is recorded for 12 listed issues: 9 above and 3 below the issue price. The median change was +6.9%, from -10.4% (Turtlemint Fintech Solutions) to +110.4% (Tempsens Instruments (India)). These are past listing outcomes and say nothing about how a future issue will list.
Final overall subscription is recorded for all 12 issues whose bidding has closed. The median was 24.72x, ranging from 1.24x (Turtlemint Fintech Solutions) to 184.22x (Tempsens Instruments (India)).
Currently between scheduling and listing: Jio Platforms and Bonfiglioli Transmissions.
ICICI Securities Ltd. has worked alongside 29 other lead managers on these issues. The 5 most frequent, by number of shared issues:
- JM Financial Ltd. — 11 shared issues
- Axis Capital Ltd. — 9 shared issues
- IIFL Capital Services Ltd. — 7 shared issues
- Jefferies India Pvt.Ltd. — 6 shared issues
- Kotak Mahindra Capital Co.Ltd. — 6 shared issues
IPOs with ICICI Securities Ltd. as lead manager
| IPO | Board | Status | Open date | Issue size | Price | Subscription | Listing gain |
|---|---|---|---|---|---|---|---|
| AGS Health | Mainboard | Announced | — | ₹1,800 Cr | — | — | — |
| Avaada Electro | Mainboard | Announced | — | ₹1,600 Cr | — | — | — |
| Garuda Aerospace | Mainboard | Announced | — | — | — | — | — |
| OYO | Mainboard | Announced | — | ₹6,650 Cr | — | — | — |
| SAEL Industries | Mainboard | Announced | — | ₹3,750 Cr | — | — | — |
| Jio Platforms | Mainboard | Upcoming | 21 Oct 2026 | ₹30,213 Cr | ₹1,119 | — | — |
| Bonfiglioli Transmissions | Mainboard | Open | 15 Oct 2026 | ₹2,533.66 Cr | ₹586 | — | — |
| Runwal Enterprises | Mainboard | Listed | 25 Sept 2026 | ₹500 Cr | ₹305 | 2.64x | +0.3% |
| NSE | Mainboard | Listed | 17 Sept 2026 | ₹22,562.71 Cr | ₹1,785 | 5.71x | +0.8% |
| Hero Motors | Mainboard | Listed | 16 Sept 2026 | ₹1,000 Cr | ₹84 | 7.01x | -2.3% |
| Karamtara Engineering | Mainboard | Listed | 9 Sept 2026 | ₹875 Cr | ₹254 | 66.01x | +26.0% |
| Manipal Payment and Identity Solutions | Mainboard | Listed | 9 Sept 2026 | ₹805 Cr | ₹339 | 1.42x | -2.1% |
| Tempsens Instruments (India) | Mainboard | Listed | 20 Aug 2026 | ₹650 Cr | ₹300 | 184.22x | +110.4% |
| Juniper Green Energy | Mainboard | Listed | 30 Jul 2026 | ₹1,800 Cr | ₹225 | 8.38x | +7.6% |
| Indo-MIM | Mainboard | Listed | 23 Jul 2026 | ₹3,811.21 Cr | ₹485 | 72.37x | +45.0% |
| SBI Funds Management | Mainboard | Listed | 14 Jul 2026 | ₹9,812.91 Cr | ₹574 | 41.73x | +6.3% |
| Laser Power & Infra | Mainboard | Listed | 9 Jul 2026 | ₹742 Cr | ₹214 | 41.05x | +25.7% |
| Turtlemint Fintech Solutions | Mainboard | Listed | 19 Jun 2026 | ₹882.67 Cr | ₹152 | 1.24x | -10.4% |
| CMR Green Technologies | Mainboard | Listed | 3 Jun 2026 | ₹630.62 Cr | ₹192 | 127.07x | +43.4% |
Subscription is the final overall figure once bidding has closed; listing gain is the listing-day change against the issue price. “—” means not available.
Year by year
| Bidding year | IPOs | Mainboard | SME | Total issue size | Median listing gain |
|---|---|---|---|---|---|
| 2026 | 14 | 14 | 0 | ₹76,818.78 Cr | +6.9% (12 listed) |
| Not yet scheduled | 5 | 5 | 0 | ₹13,800 Cr | — |
What a book-running lead manager does
Under Regulation 23 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, an issuer must appoint one or more SEBI-registered merchant bankers, at least one of whom is a lead manager to the issue. When more than one merchant banker manages an issue, each one’s responsibilities for disclosures, allotment, refunds and underwriting are fixed in advance and set out in the draft offer document and the offer document.