ICICI Prudential AMC IPO allotment : Status out; stock gets first ‘buy’ call ahead of listing GMP signals 17% gain

By Admin

18 Dec, 2025

The ICICI Prudential Asset Management Company (AMC) IPO allotment has been finalised, and investor attention is now firmly on its upcoming market debut. With a strong grey market premium (GMP) and the first brokerage ‘Buy’ call already in place, expectations are high ahead of the listing scheduled for December 19.

IPO Allotment Status and Demat Credit

The allotment for the ICICI Prudential AMC IPO was finalised on December 18. Successful applicants can expect the shares to be credited to their demat accounts today. Refunds for non-allottees are also expected to be processed alongside the demat credit.

With the allotment completed, the focus now shifts to the stock’s listing performance, which is expected to reflect strong investor demand seen during the subscription phase.

Strong Subscription Highlights Investor Confidence

The IPO closed on Tuesday with overwhelming demand, attracting bids worth nearly ₹3 lakh crore. This made it the fourth most-subscribed IPO in Indian market history.

The ₹10,602.65-crore issue received bids for 137.15 crore shares against 3.50 crore shares on offer, according to NSE data. Institutional investors led the charge, reflecting strong confidence in the asset management company’s long-term growth prospects.

Subscription Details by Investor Category

The Qualified Institutional Buyers (QIBs) segment was subscribed an impressive 123.87 times. Non-institutional investors subscribed 22.04 times, while the Retail Individual Investors (RIIs) portion saw a subscription of 2.53 times.

Overall, the IPO was subscribed 39.17 times on the final day, highlighting broad-based participation across investor categories.

IPO Pricing and Valuation

ICICI Prudential AMC IPO was priced in the range of ₹2,061 to ₹2,165 per share. At the upper end of the price band, the company was valued at approximately ₹1.07 lakh crore, making it one of the largest asset management company listings in India.

The issue was entirely an offer-for-sale (OFS) of over 4.89 crore shares by promoter Prudential Corporation Holdings of the UK. As a result, ICICI Prudential AMC will not receive any proceeds from the IPO.

Brokerage Coverage: First ‘Buy’ Call

Prabhudas Lilladher has initiated coverage on ICICI Prudential Asset Management Company with a ‘Buy’ rating and a target price of ₹3,000. The brokerage expects ICICI Prudential AMC to outperform its peers, supported by strong equity AUM growth.

According to the brokerage, the company is likely to deliver equity average assets under management growth 2.5% higher than the industry over FY25–28. This growth trajectory is expected to translate into a robust 18.5% compound annual growth rate (CAGR) in core profit after tax (PAT).

Grey Market Premium Signals Strong Listing

The grey market premium for ICICI Prudential AMC IPO remains strong and is currently at its highest level so far. Market sources indicate a GMP of ₹370, suggesting that the shares are trading well above the offer price in the unofficial market.

Based on this GMP, the expected listing price could be around ₹2,535 per share, implying a premium of nearly 17% over the issue price. This signals positive sentiment and strong expectations for the stock’s debut.

Upcoming Listing and ICICI Group Milestone

ICICI Prudential AMC shares are expected to list on December 19. Upon listing, the company will become the fifth listed entity from the ICICI Group, joining ICICI Bank, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and ICICI Securities.

With strong institutional backing, positive brokerage coverage, and a solid grey market premium, ICICI Prudential AMC’s market debut is being closely watched by investors.

Track this space for all the latest LIVE updates on ICICI Prudential AMC IPO allotment and listing performance.