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Rising grey market optimism lifts ICICI Prudential AMC IPO sentiment on Day 2
ICICI Prudential AMC’s IPO saw improving traction on Day 2, with grey market premiums rising to about 14 percent and overall subscription crossing two times, led by sustained institutional and NII participation.
Investor interest in the ICICI Prudential Asset Management Company IPO strengthened on the second day of bidding as grey market premiums climbed to nearly 14 percent. The issue crossed around two times subscription, driven largely by strong participation from qualified institutional buyers and improving demand from non-institutional investors, reflecting growing confidence in the AMC’s scale, profitability, and long-term growth prospects.