ICICI Pru AMC Soars 20% on Debut, Becomes Most Valuable AMC

• ICICI Pru AMC IPO saw an excellent response, oversubscribed 39.17 times, listing at a nearly 20% premium.
• Shares debuted at ₹2165.00, surged to ₹2662, and closed at ₹2586.70 on BSE.
• With a ₹1.2 lakh crore market cap, it surpassed HDFC AMC to become India's most valuable asset management company.
• Brokerage firms like Prabhudas Lilladher, Centrum Broking, and Equirus Securities recommend 'buy' with target prices up to ₹3181.
• Experts cite strong parentage, high equity mutual fund exposure, and robust growth prospects in the mutual fund industry.

Why It Matters: ICICI Pru AMC made a strong market debut, becoming the most valuable AMC with experts recommending further upside.