When will ICICI Prudential AMC shares list on the stock market?

ICICI Prudential AMC shares are expected to make their stock market debut today.

What is the expected listing premium for ICICI Prudential AMC IPO?

Grey market rates indicate a potential listing premium between 17% to 18%.

Do analysts recommend buying ICICI Prudential AMC shares?

Yes, two analysts have issued 'buy' recommendations with price targets up to ₹3,000.

Home / Business and Economy / ICICI Prudential AMC IPO Set for Premium Listing

ICICI Prudential AMC IPO Set for Premium Listing

19 Dec

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Summary

ICICI Prudential AMC IPO responds well to its ₹10,602 crore offering.
Grey market suggests a listing premium of 17% to 18%.
Analysts recommend 'buy' with a target price up to ₹3,000.

ICICI Prudential AMC IPO Set for Premium Listing

The shares of ICICI Prudential Asset Management Company are scheduled for their stock market debut today, marking the culmination of a robust ₹10,602 crore initial public offering. Pre-listing sentiment is positive, with grey market premiums indicating an anticipated listing gain of 17% to 18% over the issue price.

Market watchers are observing early price indicators closely. While these grey market rates suggest a potential trading range between ₹355 to ₹370 above the issue price, they are speculative. However, analyst sentiment is decidedly bullish, with PL Capital and Equirus initiating coverage with 'buy' ratings and projecting prices up to ₹3,000.

This positive outlook is underpinned by strong investor demand. The IPO saw significant interest from institutional investors, and the portion allocated to retail investors was also fully subscribed by the final day of bidding. The expected listing performance reflects confidence in the asset management company's growth prospects.