ICICI Prudential AMC IPO Subscribed 0.72x on Day 1; GMP at 7% Premium

• ICICI Prudential AMC IPO opened today, aiming to raise ₹10,602.65 crore, with subscriptions closing on December 16.
• On its first day, the IPO was subscribed 0.72 times overall, with QIBs subscribing 1.97 times, retail 0.21 times, and NIIs 0.37 times.
• The IPO is entirely an Offer for Sale, meaning funds raised will go to selling promoters, not the company.
• The price band for the IPO is ₹2061-₹2165 per share, with a minimum retail investment of ₹12,990 for one lot (6 shares).
• Shares are trading at a Grey Market Premium (GMP) of ₹155, indicating an expected listing gain of 7.15%.

Why It Matters: This major AMC IPO offers a potential investment opportunity and market insight.