ICICI Prudential AMC sets IPO price band at Rs 2061-2165

• ICICI Prudential AMC set its IPO price band at Rs 2,061-2,165 per share, with the offering opening on December 12.
• The IPO is a pure offer for sale, with Prudential Corp Holding divesting approximately 10% stake, valued at Rs 10,603 crore at the upper price band.
• At the top end of the price band, the company is valued at Rs 1.07 lakh crore, and it is scheduled to list on December 19.
• ICICI Prudential AMC is India's second-largest asset manager by QAAUM, managing 143 mutual fund schemes.
• This IPO will make ICICI Prudential AMC the fourth ICICI Group company to be listed on the stock exchanges.

Why It Matters: It creates a new investment option in India's financial market.