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ICICI Prudential AMC debut sees profit booking after strong market entry
After listing at a strong premium, ICICI Prudential AMC shares closed marginally lower as investors booked profits despite high volumes and robust institutional interest.
Shares of ICICI Prudential Asset Management Company ended the session slightly lower despite listing at a premium of over 20 percent. The stock closed at ₹2,576.20 on the NSE, down 0.92 percent, after opening firmly above the issue price of ₹2,165. Intraday trading saw the stock move between ₹2,575 and ₹2,663.40, with heavy volumes and a market capitalisation near ₹1.27 lakh crore. The muted close suggests early profit booking by investors even as institutional demand and subscription levels reflected confidence in the company’s long term fundamentals.