ICICI Prudential AMC IPO Debuts Strong, Up 20%: Buy, Sell, or Hold?

• ICICI Prudential AMC IPO listed on December 19 at Rs 2,600, a 20.1% premium over its issue price.
• The stock jumped to Rs 2,658 (nearly 23% premium) after listing, with a market cap of Rs 1,31,522.2 crore.
• The IPO was oversubscribed 39.17 times, with the QIB category receiving a massive 123.87x subscription.
• Brokerages like Canara Bank Securities and Anand Rathi recommend 'Subscribe for Long Term' citing strong fundamentals and market position.
• The IPO was an Offer-for-Sale by Prudential Corporation Holdings; ICICI Bank holds 51% and Prudential 49%.

Why It Matters: ICICI Prudential AMC IPO saw a strong debut, with brokerages recommending long-term subscription.