Relevant for Exams
ICICI Prudential AMC lists at 20% premium after strong IPO, raising Rs 3,022 crore from anchor investors.
Summary
ICICI Prudential Asset Management debuted on the stock market with a 20% premium, opening at Rs 2,606.20 on BSE. The IPO, which garnered strong institutional interest, raised Rs 3,022 crore from anchor investors. While specific IPO details are generally low relevance for competitive exams, it highlights capital market activity and the role of AMCs in the financial sector, which can be part of broader economic understanding.
Key Points
- 1ICICI Prudential Asset Management (AMC) debuted on the stock market.
- 2The shares listed at a 20% premium over the issue price.
- 3The opening price on the BSE was Rs 2,606.20.
- 4The company raised Rs 3,022 crore from anchor investors prior to listing.
- 5The IPO witnessed strong subscription, particularly from institutional buyers.
Full Article
ICICI Prudential Asset Management debuted on the stock market with a 20% gain, opening at Rs 2,606.20 on the BSE and Rs 2,600 on the NSE. The IPO saw strong subscription, particularly from institutional buyers, and the company raised Rs 3,022 crore from anchor investors prior to listing.