{"id":"f-e550251d2f-73adf8c8-dfd6-5aa1-aeea-a87316bc5ecd","title":"ICICI Prudential AMC will be in focus on January 16 as ₹1,910 crore worth shares set to unlock","description":"According to Nuvama Alternative & Quantitative Research, around 7 million shares of the company, representing nearly 1% of its outstanding equity, will become eligible for trading.","timestamp":1768471397,"category":"business","headline":"ICICI Prudential AMC will be in focus on January 16 as ₹1,910 crore worth shares set to unlock","modifiedHeadline":"ICICI Prudential Shares Unlock on January 16","subCategories":["scid_4d81caea"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"68","fcSummary":"ICICI Prudential AMC shares are in focus as its one-month shareholder lock-in period ends. About 7 million shares, nearly 1% of equity, become eligible for trading, valued at ₹1,910 crore. The stock trades 26% above its IPO price, with positive brokerage ratings.","summary":"ICICI Prudential AMC faces potential volatility as ₹1,910 crore worth (around 7 million) shares unlock for trading on January 16.","ctaUrl":"https://trends.glance.com/newz/Economy/IN/en/cnbc-tv18/f-e550251d2f-73adf8c8-dfd6-5aa1-aeea-a87316bc5ecd","sourceUrl":"https://www.cnbctv18.com/market/icici-prudential-amc-share-price-in-focus-friday-january-16-shareholder-lock-in-expiry-19821622.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/qiZuIJY_PXx0.webp","content":"Shares of ICICI Prudential Asset Management Company, one of India's largest asset managers, will be in focus on Friday, January 16, as the one-month shareholder lock in period ends.\n\n
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\n According to Nuvama Alternative & Quantitative Research, around 7 million shares of the company, representing nearly 1% of its outstanding equity, will become eligible for trading.\n
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\n It must be noted that the end of the shareholder lock-in does not mean all the shares will be sold in the open market. They only become eligible to be traded.\n
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\n Based on Wednesday's closing price of ₹2,729, the shares unlocking are valued at about ₹1,910 crore. The stock is currently trading around 26% above its IPO price of ₹2,165.\n\n
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\n Several brokerages have initiated coverage on the stock with positive recommendations.\n
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\n Centrum Broking has assigned a 'Buy' rating with a price target of ₹3,181, while Equirus Securities has initiated coverage with a 'Long' rating and a target of ₹2,900. PL Capital, part of the Prabhudas Lilladher Group, has also started coverage with a 'Buy' call and a price target of ₹3,000.\n
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\n ICICI Prudential AMC had a strong stock market debut, listing at a premium of over 20% as investors bet on sustained domestic inflows into mutual funds.\n\n
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\n The stock debuted at ₹2,600 on the National Stock Exchange, a 20.09% premium over the upper end of the IPO price band of ₹2,165. The ₹10,603 crore public issue was priced in the range of ₹2,061 to ₹2,165 per share.\n
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\n Post listing, ICICI Prudential AMC has emerged as India's most valuable listed asset management company, with a market capitalisation of around ₹1.12 lakh crore. It is ahead of HDFC Asset Management Company and Nippon Life India Asset Management, which are valued at about ₹56,000 crore.\n\n
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\n On Wednesday, shares of ICICI Prudential Asset Management Co Ltd. ended 2.14% higher at ₹2,729.","readDurationInMinutes":"3","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["ICICI Pru: 7M shares unlock, ~1% equity, eligible for trading post lock-in.","Shares at ₹2,729, 26% above IPO price; brokerages give 'Buy' ratings.","ICICI Pru is India's top AMC at ₹1.12L cr market cap, above HDFC & Nippon."],"tags":["ICICIPrudentialAMC","ShareUnlock","StockMarket","NuvamaResearch","AssetManagement","IndianStockMarket","IPO","CentrumBroking","EquirusSecurities","PLCapital","PrabhudasLilladher","HDFCAssetManagement","NipponLifeIndia","ShareTrading","Investment","StockRecommendations"],"consent":true,"redirectionEnabled":false}

ICICI Prudential AMC will be in focus on January 16 as ₹1,910 crore worth shares set to unlock

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