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ICICI Prudential AMC IPO opens December 12, offering shares worth approximately Rs 10,600 crore.
Summary
ICICI Prudential AMC's IPO is set to open on December 12, 2024, as a pure offer for sale, valued at approximately Rs 10,600 crore. The IPO is significant due to the AMC's strong Asset Under Management (AUM) leadership, rising profitability, and favorable industry conditions.
Key Points
- ICICI Prudential AMC IPO opens on December 12.
- The IPO is a pure offer for sale.
- The IPO is valued at approximately Rs 10,600 crore.
- The AMC has strong AUM leadership.
Full Article
ICICI Prudential AMC will open its IPO on December 12 as a pure offer for sale worth about Rs 10,600 crore. With strong AUM leadership, rising profitability, and low capital intensity, the AMC enters the market with favourable industry tailwinds, broad scheme offerings, and strong investor visibility through shareholder reservation.
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