ICICI Prudential AMC's 10,602 crore IPO Opens Today; Analysts Recommend Subscribe

• ICICI Prudential AMC's ₹10,602 crore IPO opens today (December 12) with a price band of ₹2,061-₹2,165 per share.
• The IPO is an Offer for Sale by UK-based Prudential Corporation Holdings, with all proceeds going to the selling shareholder.
• Brokerages generally recommend subscribing for medium to long-term, citing strong industry growth and the company's financial strength despite high valuations.
• Marquee global and domestic investors participated in the anchor round and pre-IPO placement, showing strong demand.
• ICICI Prudential AMC will be the fifth asset manager and fifth ICICI Group company to list on Indian bourses.

Why It Matters: This IPO offers a major investment opportunity in India's growing mutual fund sector.