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Top 3 Factors Behind ICICI Prudential AMC's 20% Premium Listing and Market Insights
ICICI Prudential AMC’s IPO lists with a 20% premium, driven by strong demand, but analysts suggest caution due to high valuations.
ICICI Prudential AMC’s IPO made a strong debut on the NSE, listing at Rs 2,600, representing a 20% premium over the issue price. This was a result of a 39x over subscription and strong demand, with the stock reaching a high of Rs 2,663. The IPO’s performance has been widely praised, with Prabhudas Lilladher setting a target price of Rs 3,000. However, high valuations have led some analysts to suggest booking partial profits or buying on dips.