ICICI Prudential AMC IPO: Rs 3 Lakh Crore Bids Make it India's Fourth Most Subscribed

• ICICI Prudential AMC's IPO received bids worth Rs 3 lakh crore, making it India's fourth most subscribed.
• The Rs 10,600-crore share sale is the highest after Reliance Power (2007), LG Electronics India (this year), and Bajaj Housing Finance (2024).
• Institutional investors led the subscription at 124 times, with non-institutional at 22 times and retail at 2.5 times.
• The strong investor interest is attributed to ICICI Prudential AMC's pedigree and the robust outlook for India's mutual fund industry.
• Prudential previously sold a 4.5% stake for $545 million to marquee investors like Abu Dhabi Investment Authority.

Why It Matters: ICICI Prudential AMC's highly successful IPO signals strong investor confidence in India's MF sector.