Rs 3 lakh cr ICICI Pru AMC IPO bids signal strong liquidity for quality issues: Gurmeet Chadha

Strong domestic liquidity for quality IPOs was evident as ICICI Prudential AMC’s Rs 10,600 crore issue drew bids worth over Rs 3 lakh crore, said Gurmeet Chadha of Complete Circle Consultants. Despite muted markets, he sees a long growth runway for capital market businesses, including AMCs, exchanges and digital broking platforms.