ICICI Prudential AMC’s IPO valuation surges on debut

ICICI Prudential AMC’s shares spiked on debut, valuing the asset manager at $14.4 billion amid one of India’s most subscribed IPOs.

Live Market Updates

Latest Financial News

neutral
3h ago

ICICI Prudential AMC’s IPO valuation surges on debut

ICICI Prudential AMC’s IPO valuation surges on debut
ICICI Prudential Asset Management Company soared on its trading debut, marking a 23 percent jump that pushed its market valuation to $14.4 billion and made it India’s most valuable listed asset manager. Trading on the National Stock Exchange of India saw the stock peak at ₹2,663.40 versus its ₹2,165 issue price. The $1.2 billion IPO drew ₹33 trillion in bids, becoming one of India’s most subscribed offerings and highlighting strong investor appetite for mutual funds.