ICICI Prudential AMC IPO Closes Strong: 39.17x Subscribed, GMP Rises

• ICICI Prudential AMC IPO closed on December 16, receiving a massive 39.17x subscription overall.
• The IPO's price band was set between Rs 2,061 and Rs 2,165 per share.
• Grey Market Premium (GMP) for unlisted shares rose to 14.55%, indicating a moderate listing.
• Analysts recommend "Subscribe for Long Term" citing strong equity AUM, market position, and profitability.
• The IPO is an Offer-for-Sale by Prudential Corporation Holdings, with listing expected on December 19.

Why It Matters: ICICI Prudential AMC IPO saw strong demand, oversubscribed 39.17x, with analysts recommending long-term subscribe.