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Signage at an ICICI Prudential Asset Administration Co. department in Delhi, India, on Thursday, Dec. 18, 2025. ICICI Prudential AMC’s preliminary public providing to boost as a lot as 106 billion rupees ($1.2 billion) acquired bids for greater than 1.37 billion shares, in contrast with 35.02 million provided, at shut on final day of the sale Tuesday, based on trade knowledge. Photographer: Anindito Mukherjee/Bloomberg by way of Getty Photos
Bloomberg | Bloomberg | Getty Photos
Shares of ICICI Prudential, one in all India’s largest asset administration corporations, rose 20% of their buying and selling debut Friday, following a 106 billion rupees ($1.17 billion) preliminary public providing.
The IPO by the agency collectively owned by India’s ICICI Financial institution and UK’s Prudential, was priced at 2,165 rupees per share on the higher finish of the value band.
The difficulty was subscribed greater than 39 instances through the bidding course of, pushed primarily by a robust demand from institutional traders. Retail portion of the IPO was subscribed simply 2.5 instances.
Singapore’s GIC and Temasek and India’s public sector insurance coverage firm Life Insurance coverage Company have been among the many main institutional traders that participated within the IPO.
Citigroup International Markets India, BoFa Securities India, Morgan Stanley, Axis Capital, Avendus Capital and ICICI Securities have been among the many joint bookrunners.
ICICI Prudential AMC is India’s largest asset administration firm in India by way of property managed below energetic mutual fund schemes with an mutual fund quarterly common property of 101.47 billion rupees.
The corporate had 15.5 million retail traders as of finish of September.
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