ICICI Prudential AMC’s IPO valuation surges on debut

ICICI Prudential Asset Management Company soared on its trading debut, marking a 23 percent jump that pushed its market valuation to $14.4 billion and made it India’s most valuable listed asset manager. Trading on the National Stock Exchange of India saw the stock peak at ₹2,663.40 versus its ₹2,165 issue price. The $1.2 billion IPO drew ₹33 trillion in bids, becoming one of India’s most subscribed offerings and highlighting strong investor appetite for mutual funds.