Market focus has turned to ICICI Prudential Asset Management Company as its Rs 10,603 crore IPO opened for subscription on December 12, making it one of the largest offerings of the year. The issue is priced in the Rs 2,061–2,165 range and is currently commanding a grey market premium of around Rs 168, implying a potential listing gain of about 7.8%. The IPO has attracted strong interest from prominent domestic and global investors, reflecting confidence in the asset-light, cash-generating AMC business model.