The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
AwardsBest Securities Houses Awards

India's best securities house 2021

ICICI Securities

Ajay Saraf, ICICI Securities.jpg
Ajay Saraf, ICICI Securities

ICICI Securities’ primary equity capital markets business surged in the past year, beating local rivals and bulge-bracket banks, which is one reason why it is Asiamoney’s pick for best securities house in India in 2021.

After a lull in the second quarter of 2020, the market returned in force with a series ofmulti-billion-dollar fundraisings from Indian banks, plus a stream of IPOs and qualified institutional placements.

Despite the severe disruption of Covid-19 in India, ICICI was able to snap up business as soon as it returned, consistently winning mandates; it worked on a total of 48 deals in the year to June 30.

The haul included trades pretty much every month, with a combined value of $21.4 billion, or 58% of the market, which put the firm at the top of Dealogic’s India ECM league table for the 12-month period. In the previous year, to June 30, 2020, ICICI was mandated on just 10 ECM trades with a total value of $10.2 billion. Axis Capital, which was last year’s winner of the award, SBI Capital and Kotak Mahindra Capital all trailed behind ICICI.


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree