ICICI Prudential AMC IPO Debuts Strong; ICICI Bank Retains Majority Stake

• ICICI Prudential AMC shares debuted on the stock market after a ₹10,602 crore IPO.
• Promoter ICICI Bank confirmed it will retain a majority shareholding in the company.
• Grey Market Premium (GMP) indicated a 17-18% listing premium over the issue price of ₹2,165.
• Analysts PL Capital and Equirus issued "buy" recommendations, projecting a potential 34% upside to ₹3,000.
• The IPO saw strong subscription, led by institutional investors, with the retail portion also fully subscribed.

Why It Matters: ICICI Prudential AMC IPO lists strongly with analyst bullishness; ICICI Bank maintains majority.