PL Capital Forecasts ICICI Prudential AMC Shares Could Hit ₹3,000 Before Listing
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PL Capital Predicts ICICI Prudential AMC Shares to Hit ₹3,000 Post-Listing
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CNBC TV18•17-12-2025, 14:00
PL Capital Predicts ICICI Prudential AMC Shares to Hit ₹3,000 Post-Listing
•PL Capital initiates 'Buy' on ICICI Prudential AMC with a ₹3,000 price target, projecting 40% upside from its ₹2,165 issue price.
•Brokerage highlights ICICI Prudential AMC's dominant market position, strong fundamentals, 17.5% net equity flow market share, and superior 67 basis points equity yields.
•Company benefits from strong parentage, 73.7% mutual fund sales via ICICI Bank, and higher non-mutual fund revenue (9.2%).
•ICICI Prudential AMC's IPO was massively oversubscribed, attracting ₹3 lakh crore in bids from 55 lakh applications, making it the fourth-largest subscription by amount in Indian history.
•Shares are set to list on NSE and BSE on December 19, with PL Capital expecting a valuation premium over peers due to strong distribution and diversification.
Why It Matters: PL Capital forecasts significant upside for ICICI Prudential AMC shares, citing strong fundamentals and IPO success.
