ICICI Prudential AMC IPO Day 2 update covering GMP trends, subscription status, and review

ICICI Prudential AMC IPO opened for subscription on December 12, 2025, and will close on December 16, 2025, with a price band fixed at ₹2,061 to ₹2,165 per share. The ₹10,602.65 crore issue is entirely an Offer for Sale (OFS), meaning the proceeds will go to existing shareholders and not to the company. In the grey market, ICICI Prudential AMC shares are trading at a premium of around ₹280, indicating strong listing expectations despite moderate subscription numbers. By 10:57 AM on Day 2, the IPO was subscribed 1.08 times overall, with the QIB portion booked 1.97 times, NII segment 1.41 times, and the retail category 0.40 times. Market participants remain positive on the IPO, highlighting the company’s strong market position, diversified mutual fund offerings, and consistent profitability, making it a reasonable option for medium- to long-term investors.