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Top IPO in focus as ICICI Prudential AMC issue opens
The ICICI Prudential AMC IPO opened at a premium valuation, drawing attention as investors assess demand amid cautious but stable market conditions.
ICICI Prudential Asset Management Company’s initial public offering opened for subscription on Friday as a pure offer for sale worth about ₹10,600 crore. The IPO is priced between ₹2,061 and ₹2,165 per share, implying a valuation of roughly ₹1.07 trillion at the upper band. UK-based promoter Prudential Corporation is selling close to 49 million shares. Investor interest is being tracked closely amid elevated valuations and mixed secondary market sentiment.