ICICI Prudential AMC Soars: Centrum Sets Highest Price Target After Strong Listing

• Centrum Broking initiated 'Buy' on ICICI Prudential AMC with a ₹3,181 price target, implying 47% upside from issue price.
• ICICI Prudential AMC is India's second-largest AMC with a 13% market share and leads in active mutual funds.
• QAAUM grew 33% CAGR (FY23-FY25) to ₹8.8 lakh crore; Equity QAAUM grew 40% CAGR to ₹4.9 lakh crore.
• Dominant in individual investor segment, extensive distribution, widest product bouquet, and strong financials.
• Listed at a 20.09% premium, becoming India's most valuable listed AMC with a ₹1.12 lakh crore market cap.

Why It Matters: ICICI Prudential AMC gains highest price target post-strong listing, cementing its market leadership.