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ICICI Prudential AMC IPO Allotment Status Live: ICICI Prudential AMC IPO allotment likely today after stellar investor response
ICICI Prudential AMC IPO Allotment Status Live: ICICI Prudential AMC IPO sees one of the strongest demand signals in recent years
The ICICI Prudential AMC IPO has generated exceptional interest, emerging as one of the most heavily subscribed issues in India’s primary markets. The Rs 10,600 crore offering attracted bids worth nearly Rs 3 lakh crore from around 55 lakh applications, making it the fourth-largest subscription amount ever recorded in the Indian IPO market.
In comparison, Tata Capital’s IPO drew about 23.6 lakh applications, HDB Financial Services received close to 43 lakh, while LG’s India issue saw nearly 65 lakh applications.
Overall, the issue was subscribed 39.17 times, with institutional investors driving the bulk of the demand. The qualified institutional buyer (QIB) segment, excluding anchor investors, was subscribed a staggering 123.87 times, translating into bids of roughly Rs 2.49 lakh crore.
Long-only global funds, sovereign wealth funds and domestic mutual funds dominated the institutional participation, underscoring investor confidence in ICICI Prudential AMC’s scale, profitability and underlying business model.
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