ICICI Prudential AMC IPO Day 2 LIVE: On the second day of the bidding process today, ICICI Prudential AMC's IPO went ahead without a hitch. 12% listing gains for the IPO are indicated by the GMP.
ICICI Prudential AMC IPO Day 2 LIVE: On Monday, December 15, the second day of the book-built offer, ICICI Prudential AMC IPO finally made it through after receiving 72% of bids on Friday, the first day of the bidding process.
At the upper end of the ICICI Prudential AMC IPO price range of ₹2,061–2,165 per share, it is valued at roughly ₹1.07 lakh crore ($11.86 billion).
The IPO is just an offer for sale (OFS) of more than 4.89 crore shares by promoter Prudential Corporation Holdings (UK), hence the firm won't get any money from the sale. At the moment, Prudential owns 49% of the asset management, with ICICI Bank owning 51%.
ICICI Prudential AMC will float on Indian stock exchanges, making it the fifth entity in the ICICI group to do so.
Today's ICICI Prudential AMC IPO GMP
The current ICICI Prudential AMC IPO GMP is ₹265. This indicates that shares of ICICI Prudential AMC are trading ₹265 higher than the top of the ₹2165 price range.
The ICICI Prudential AMC IPO listing price at the current GMP is projected to be ₹2430, a 12% premium. It is anticipated that the shares will be listed on December 19.
On the second day of bidding, stay tuned for LIVE updates on the ICICI Prudential AMC IPO.
ICICI Prudential AMC IPO review Master Capital Services has assigned a 'subscribe' tag to the public issue, saying, "With a comprehensive suite of mutual fund offerings, growing alternates business, and leadership in equity-oriented and hybrid segments, ICICI Prudential AMC is well-positioned to capitalize on the continued expansion of India’s equity markets, and sustain its dominance through scale, brand strength, and operational excellence. The IPO can be viewed by investors as a possible long-term investment opportunity.
Status of ICICI Prudential AMC's IPO subscription
By 12:33 PM on the second day of bidding, 1.28 subscriptions had been made for the public issue, 0.55 for the retail section, 1.96 for the NII segment, and 1.98 for the QIB portion.
Today's ICICI Prudential AMC IPO GMP
Market watchers claim that the company's shares are currently trading on the gray market at a premium of ₹280 per.
Day 2 LIVE of the ICICI Prudential AMC IPO: GMP predicts 12% listing gains
The current ICICI Prudential AMC IPO GMP is ₹265. This indicates that shares of ICICI Prudential AMC are trading ₹265 higher than the top of the ₹2165 price range.
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