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Post listing momentum continues as ICICI Prudential AMC extends gains
ICICI Prudential AMC extended post-listing gains, trading over 20 percent above its IPO price as strong institutional demand supported sentiment around listed asset managers.
Shares of traded higher on the second day after listing, rising to about ₹2,615.90 on the NSE and lifting market capitalisation to nearly ₹1.26 lakh crore. The stock debuted at ₹2,600, a premium of over 20 percent to the IPO price of ₹2,165, and has since delivered roughly 21 percent gains to investors. The ₹10,602.65 crore IPO was a pure offer-for-sale by and saw strong institutional demand, underscoring confidence in India’s asset management growth story.