ICICI Prudential AMC IPO allotment LIVE update as status is released; GMP indicates a 17% listing premium

ICICI Prudential AMC IPO allotment has been finalised, and market attention has now shifted to the company’s listing scheduled for December 19. The ₹10,602.65-crore public issue received an overwhelming response, garnering bids of nearly ₹3 lakh crore and ending with an overall subscription of 39.17 times, led by strong demand from institutional investors. Priced in the range of ₹2,061 to ₹2,165 per share, the IPO was entirely an offer for sale by the promoter, meaning the company will not receive fresh funds from the issue. A positive outlook has been expressed with a target price of ₹3,000, supported by expectations of above-industry equity AUM growth and strong profit expansion over the coming years. Meanwhile, the robust grey market premium reflects strong investor sentiment and points to the likelihood of a healthy listing on the stock exchanges.