ICICI Prudential Shares List Above IPO Price

• ICICI Prudential AMC lists +20% over Rs 2,165 issue price.
• Stock peaks at Rs 2,662 on BSE, valuation at Rs 1,27,790.54 cr.
• IPO oversubscribed 39.17 times, driven by institutional demand.

New Delhi: Shares of ICICI Prudential Asset Management Company Ltd on Friday listed with a premium of over 20 per cent against the issue price of Rs 2,165. The stock made its debut at Rs 2,606.20, registering

a premium of 20.37 per cent from the issue price on the BSE. Later, it surged 22.95 per cent to Rs 2,662.

At the NSE, the stock listed at Rs 2,600, a jump of 20 per cent from the issue price. The company's market valuation stood at Rs 1,27,790.54 crore. The initial public offering of ICICI Prudential Asset Management Company Ltd, an arm of the ICICI Bank, received 39.17 times subscription on the final day of bidding on Tuesday, led by heavy demand from institutional buyers.