ICICI Prudential AMC IPO allotment finalised ahead of listing
after close1 source ↓written by the desknot a recommendation
- listing set
- 19 Dec 2023
- subscribed
- 39.17 times
- bids
- ₹3 lakh crore
- on listing day
- 18% gain
- target price
- ₹3,000
The allotment status for ICICI Prudential AMC's IPO is confirmed, with the listing set for 19 Dec 2023. The IPO was 39.17 times subscribed, attracting bids of around ₹3 lakh crore, marking it as the fourth most-subscribed IPO in India. GMP has risen to ₹400, indicating a potential 18% gain on listing day.
Key Points:
• Buy rating from Prabhudas Lilladher with a target price of ₹3,000
• Expected 18.5% CAGR in core PAT over FY25-28
• Strong demand from institutional investors drives interest.
Not investment advice. For informational purposes only.