ICICI Prudential AMC IPO: Listing tomorrow at 17% premium
ICICI Prudential AMC's IPO will hit the stock market on Friday, with shares expected to list about 17% above the top price of ₹2,165.
The offer was a huge hit—subscribed over 39 times—and the gray market is buzzing with a premium of ₹375-₹385 per share.
Massive demand from all types of investors
Everyone wanted in on this IPO. Big institutional investors subscribed a whopping 124 times, non-institutional buyers went for it 22 times, and even retail investors joined in at over 2.5 times their quota.
Allotment wrapped up on December 17, and refunds or share credits followed quickly after.
What does ICICI Prudential AMC actually do?
ICICI Prudential AMC manages investments worth ₹10.75 lakh crore and has a big presence across India through hundreds of branches and thousands of distributors—plus digital channels and ICICI Bank tie-ups.
The company holds a solid chunk (17.5%) of net equity flows in the industry, and analysts are pretty upbeat about its debut, expecting listing prices between ₹2,450-₹2,500 per share.