ICICI Prudential AMC IPO allotment Highlights: Status out — GMP jumps further to ₹450, signals 21% gains ahead | Stock Market News

ICICI Prudential AMC IPO allotment Highlights: The allotment status for ICICI Prudential Asset Management Company’s (ICICI Prudential AMC) initial public offering (IPO) has been finalised. Now, the investor focus has shifted to its listing.

ICICI Prudential AMC ipo listing date is Friday, December 19.

Prabhudas Lilladher has initiated coverage on ICICI Prudential AMC stock ahead of its listing, with a ‘Buy’ rating and a target price of ₹3,000. The brokerage expects ICICI Prudential to outperform peers, delivering equity average assets under management growth 2.5% higher than the industry over FY25–28, translating into a strong 18.5% CAGR in core PAT.

ICICI Prudential AMC IPO Subscription Status

The IPO of ICICI Prudential AMC, a subsidiary of ICICI Bank, was subscribed 39.17 times on the final day of the bidding process, driven largely by strong demand from institutional investors.

The offer garnered around ₹3 lakh crore bids, making it the fourth most-subscribed IPO in Indian market history.

The Qualified Institutional Buyers (QIBs) segment was subscribed 123.87 times, while the non-institutional investors’ portion saw 22.04 times subscription. The Retail Individual Investors (RIIs) category was subscribed 2.53 times.

ICICI Prudential AMC IPO was priced in the range of ₹2,061 to ₹2,165 per share, valuing the asset manager at approximately ₹1.07 lakh crore. It was open for bidding from December 12 to December 16.

The issue was entirely an offer-for-sale (OFS) of over 4.89 crore shares by promoter Prudential Corporation Holdings of the UK. As a result, ICICI Prudential AMC will not receive any proceeds from the IPO.

ICICI Prudential AMC ipo gmp

The grey market premium for ICICI Prudential AMC IPO remains strong. According to market sources, ICICI Prudential AMC IPO GMP today is the highest yet at ₹400. This means that shares of ICICI Prudential AMC are trading ₹450 above the offer price. This indicates ICICI Prudential AMC IPO listing price could be ₹2615 — a premium of 21%.

Upon listing, it will also become the fifth listed entity from the ICICI Group, after ICICI Bank, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and ICICI Securities.

ICICI Prudential AMC IPO shares are expected to list on December 19.

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