ICICI Prudential AMC Shares Surge 23% on Strong Market Debut, Brokers See 22% Upside

ICICI Prudential Asset Management Company (AMC) made a strong debut on December 19, 2025, with shares listing at Rs 2,600, marking a 20.09% premium over the upper end of the IPO price band. During the session, the stock surged as much as 23% to reach Rs 2,663.40 on the NSE. The Rs 10,603-crore public issue had been priced between Rs 2,061 and Rs 2,165 per share. Brokerages have set price targets reflecting up to 22% upside from the listing price, buoyed by sustained domestic inflows into mutual funds.