ICICI Securities expects Jio Platforms' ensuing IPO to fetch "premium valuations", as was the case in the high-profile equity raise of FY21, and has pegged the company's equity value at $148 billion by September 2027.
Sebi had also ordered the fund house to compensate investors who had redeemed their units since the date of allotment of shares in the I-Sec IPO.
ICICI Securities (I-Sec) has topped the Prime Database league table for money raised through initial and follow-on public offerings (IPOs/FPOs). Besides being No.1 in IPO transactions this year, the category-1 merchant banker is working on a lot of private equity transactions.