Shares of ICICI Prudential Asset Management Company (AMC) are expected to make a strong stock market debut on Friday, with analysts estimating listing gains of up to 19 percent over the IPO price, driven by robust subscription and favourable market sentiment.
The Rs 10,603-crore IPO, one of the largest offerings in the asset management space, witnessed heavy investor participation across categories, reflecting strong confidence in the company’s business model, brand strength and long-term growth prospects in India’s expanding mutual fund industry.
Strong IPO Demand Lifts Listing Expectations
Market experts tracking grey market trends and institutional demand believe the stock could debut at a healthy premium, supported by:
- Strong response from qualified institutional buyers (QIBs)
- Leadership position in the Indian AMC space
- Consistent AUM growth and improving profitability metrics
The IPO was priced in the range of Rs 2,061–2,165 per share, and expectations of a premium listing indicate sustained investor appetite for quality financial services companies.
Focus on Long-Term Fundamentals
Analysts tracking the issue have highlighted ICICI Prudential AMC’s long operating track record, strong parentage, diversified product mix and rising retail participation in mutual funds as key positives supporting its valuation.
With India’s financialisation trend gaining pace, the company is seen as well-positioned to benefit from long-term growth in assets under management.
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