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ICICI AMC and other large IPOs headline a busy November primary market
ICICI AMC and several big IPOs are scheduled in November as India’s primary market ramps up, driven by retail demand and seasonal flows.
India’s IPO pipeline for November is crowded, with large offerings such as ICICI Prudential Asset Management (ICICI AMC), brokerages and consumer-tech firms lining up. Bankers and exchanges say the window is favourable given retail participation and seasonal liquidity. ICICI AMC is positioned as one of the marquee listings, expected to bring asset-management scale to public markets. Market participants caution however that valuations and post-list trading performance will hinge on subscription breadth and macro cues in the coming weeks.