ICICI Prudential AMC Soars 19% on Debut Day, Exceeds IPO Expectations

• ICICI Prudential AMC shares settled 19% higher on its debut day on NSE, closing at Rs 2,576.20.
• The stock listed at over a 20% premium to its IPO price, following a 39-times subscription.
• The company is India's largest AMC by QAAUM, managing Rs 10,147.6 billion and serving 15.5 million customers.
• Experts recommend holding the shares for medium to long term due to strong fundamentals and fair valuation.
• This marks the fifth ICICI Group entity to be listed, with IPO proceeds of Rs 130 billion to be returned to Prudential shareholders.

Why It Matters: ICICI Prudential AMC made a strong market debut, settling 19% higher, backed by robust fundamentals.