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ICICI Prudential AMC Shares Listing Today: On December 19, the shares of ICICI Prudential Asset Management Company Limited have been listed in the market. The shares were listed at a premium of about 20%. Shares opened at ₹2,620 on BSE and ₹2,625 on NSE. The company’s IPO has received tremendous response from investors.
ICICI Prudential AMC Stock Listing Today: Shares of ICICI Prudential Asset Management Company Limited (ICICI ICICI Prudential AMC Shares Listing) have been listed in the stock market today on 19th December. The company’s shares are listed at a 20 percent premium. It is listed on BSE at Rs 2620 per share and on NSE it is listed at Rs 2625 per share. This IPO got a strong response from investors.
This IPO is a book build issue of Rs 10,602.65 crore. This IPO was open for subscription on 12 December and was closed on 16 December. Its price band was fixed at Rs 2,165 per share. Even before the listing, GMP (ICICI Prudential AMC IPO GMP) was giving a strong response. At 9:45 am its GMP was at Rs 520. Its listing was expected to be at Rs 2685.
How much subscription did this IPO get?
ICICI Prudential AMC IPO has been subscribed 39.17 times. On December 16, this IPO was subscribed 2.53 times in the retail category, 123.87 times in the QIB (ex-anchor) category and 22.04 times in the NII category. Let us tell you that the book running lead manager of this issue is Citigroup Global Markets India Pvt. Ltd. and Kfin Technologies Ltd. is the registrar.
brokerage opinion
According to CNBC report, PL Capital had given its opinion for ICICI Prudential AMC even before the listing. He initiated coverage on the shares and gave a ‘Buy’ call and set a target price of ₹3,000 per share. This shows a potential upside of about 39% from the IPO price of ₹2,165.
The brokerage said that it is positive about the business prospects of ICICI Prudential AMC. The strong performance of the company and the strength of its parents make it better than other AMC companies. According to the brokerage, the company has the highest net flow market share in equities, better equity yield and strong growth visibility.
