ICICI Prudential AMC IPO Soars: 17x Demand, GMP Jumps on Final Day

• ICICI Prudential AMC IPO closed with robust 17.58 times subscription on its final day.
• Grey Market Premium (GMP) for the IPO shares rose, indicating a potential 14-15% listing gain.
• Qualified Institutional Buyers (QIBs) segment was oversubscribed 45.44 times, leading demand.
• The IPO, priced at Rs 2,061-2,165 per share, values the AMC at Rs 1.07 lakh crore.
• Allotment is expected on December 17, with listing scheduled for December 19.

Why It Matters: ICICI Prudential AMC IPO saw overwhelming demand, with GMP rising, signaling strong market confidence.