ICICI Pru AMC IPO GMP Soars 14%; Analysts Back Long-Term Investment

• ICICI Prudential AMC IPO closes December 16; its Grey Market Premium increased to 14% on December 15.
• The IPO is an Offer For Sale (OFS), with Prudential selling a 10% stake at a price band of 2,061-2,165 rupees per share.
• Analysts recommend long-term investment, citing the company's diversified portfolio, strong revenue growth, and better profitability.
• The company boasts over 135 schemes, a 24% revenue CAGR over four years, and an FY25 Profit After Tax of 26.5 billion rupees.
• Shares are expected to be allotted on December 17 and listed on stock exchanges on December 19.

Why It Matters: It guides investors on a major IPO's potential for returns.