ICICI Prudential AMC Stock Soars Before Listing: Brokerages Predict Up to 40% Upside, GMP Jumps

• ICICI Prudential AMC stock is set to list on Friday, December 19, attracting strong positive sentiment from brokerages.
• Equirus Securities initiated a 'Long' rating with a ₹2,900 target, projecting a 34% upside and 16% revenue/PAT CAGR (FY25-28).
• PL Capital gave a 'Buy' rating with a ₹3,000 target, expecting up to 40% upside, citing strong business outlook and 17.5% net equity flow market share in first 8 months of FY26.
• Grey Market Premium (GMP) surged to 437, indicating a potential 20% listing premium for the ₹10,603 crore IPO.

Why It Matters: ICICI Prudential AMC stock is a pre-listing favorite with strong buy ratings and high GMP, signaling significant upside.