ICICI Prudential AMC Listing: Strong Premium Expected, Brokerages Bullish

• ICICI Prudential AMC's listing today anticipates a strong premium due to positive market sentiment, high subscription rates, and grey market indications of 14-24% gains.
• Expected listing price range is ₹2,450–₹2,700, potentially yielding 12-25% premium over the ₹2,165 issue price.
• High demand stems from its strong brand, 30%+ RoE, asset-light model, and industry leadership, attracting aggressive institutional bidding.
• Brokerages like Equirus Securities ('Long', target ₹2,900) and PL Capital ('Buy', target ₹3,000) are bullish, citing robust fundamentals.
• The company is noted as the most profitable AMC with industry-best margins (EBITDA >70%, ROE 70-80%) and a strong equity-focused business.

Why It Matters: ICICI Prudential AMC is set for a strong listing with significant premium and long-term growth potential.