ICICI Prudential AMC IPO gets strong 'Buy' rating before debut
ICICI Prudential AMC's IPO just got its first "Buy" call from PL Capital, with a target price of ₹3,000—about 39% higher than the top end of its offer price.
The IPO, open from December 12-16, was a big hit and oversubscribed 39 times.
What does ICICI Prudential AMC actually do?
They're India's largest active asset manager, handling mutual funds across equity, debt, and hybrid categories.
As of November 2025, they managed an average ₹10.75 lakh crore in assets and held a solid 17.5% market share in net equity flows during the first eight months of FY26.
They're also expanding into alternate investments.
Other details:
The IPO was priced between ₹2,061-2,165 per share and saw huge demand—QIBs subscribed 124 times over!
Share allotment wraps up on December 17 and the stock lists December 19.
PL Capital expects steady profit growth for the company over the next few years.