The ICICI Prudential AMC IPO opened on December 12 with a price band of ₹2,061–₹2,165 per share, raising Rs 10,602 crore through an offer-for-sale by existing shareholders.
By Day 2, the issue was 1.5 times subscribed, led by strong institutional demand, while retail participation remained moderate. The grey market premium stands at around 12%, indicating positive listing sentiment.
Allotment is scheduled for December 17, and the shares are expected to debut on stock exchanges on December 19. Analysts highlight the firm’s market leadership, consistent financial performance, and long-term growth potential despite rich valuations.