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Grey market cues favour ICICI Prudential AMC over KSH International
Grey market trends and early subscription data suggest ICICI Prudential AMC IPO offers stronger listing potential than KSH International’s issue next week.
Investor focus in the primary market next week will remain on just two mainboard IPOs as activity slows. ICICI Prudential AMC’s public issue, already in its bidding phase, has drawn stronger attention compared with KSH International’s upcoming debut. Grey market trends indicate clear preference for ICICI Prudential AMC, with its GMP rising to ₹270 as of December 13, implying a potential listing gain of about 12.5 percent over the upper price band. The ₹10,602 crore issue was subscribed 72 percent on the first day, valuing the AMC at nearly ₹1.07 lakh crore