Relevant for Exams
ICICI Prudential AMC shares to debut December 19 after Rs 10,600 crore IPO with 124x QIB subscription.
Summary
ICICI Prudential AMC shares were slated to debut on December 19 following a Rs 10,600 crore Initial Public Offering (IPO). The IPO garnered robust demand, notably a 124x subscription from Qualified Institutional Buyers (QIBs). While analysts projected 13-17% listing gains and recommended long-term holding, specific details of a private company's IPO are generally of low direct relevance for most competitive exams, except for very niche finance-related awareness.
Key Points
- 1ICICI Prudential AMC shares were scheduled for debut on December 19.
- 2The Initial Public Offering (IPO) of ICICI Prudential AMC was valued at Rs 10,600 crore.
- 3Qualified Institutional Buyers (QIBs) subscribed 124 times to the IPO.
- 4Grey Market Premiums (GMP) indicated an expected listing gain of 13-17%.
- 5Analysts recommended long-term holding for the company due to its market leadership and strong fundamentals.
Full Article
ICICI Prudential AMC shares are set to debut on December 19 after a Rs 10,600 crore IPO that saw robust demand, including 124x subscription from QIBs. Grey market premiums suggest a 13–17% listing gain, with analysts recommending long-term holding due to the company’s market leadership, strong fundamentals, and digital adoption.