ICICI Prudential AMC IPO GMP Rises to 14% as Issue Subscribed 2x on Day 2

• ICICI Prudential AMC IPO's Grey Market Premium (GMP) rose to 14%.
• The IPO was subscribed over 2 times on its second day of bidding.
• The issue received bids for 7.38 crore shares against 3.5 crore offered, resulting in a 2.11 times overall subscription.
• The company raised Rs 3,022 crore from anchor investors before the IPO.
• ICICI Prudential AMC will be the fifth ICICI Group entity to be listed on stock exchanges.

Why It Matters: It signals potential gains for investors in the ICICI Prudential AMC IPO.