ICICI Prudential AMC IPO Listing Live Updates: Promoter ICICI Bank says will retain majority shareholding

ICICI Prudential AMC Share Price Live Updates:

The shares of ICICI Prudential Asset Management Company made their stock market debut today after a healthy response to its ₹10,602 crore initial public offering (IPO). Grey Market (GMP) rates indicated that the stock traded at a premium between ₹355 to ₹370, which indicated a listing premium between 17% to 18% compared to its issue price. The stock has already received two "buy" recommendations from analysts before its listing, with PL Capital and Equirus initiating coverage with their bullish stance. Both the brokerages anticipate the stock to test levels up to ₹3,000, indicating a potential upside of close to 34% from its issue price of ₹2,165. Subscription to the issue was led by institutional investors, while the retail portion also saw full subscription by the final day of bidding. Watch this space for all the live updates.