ICICI Prudential AMC IPO sees steady demand on Day 3 with 2.5x subscription and GMP check

ICICI Prudential AMC has fixed its IPO price band at ₹2,061–₹2,165 per share. The company aims to raise ₹10,602.65 crore through the public issue, which is entirely an offer for sale. As there is no fresh issue, the proceeds will go to the promoters selling their stake.

ICICI Prudential AMC IPO, which opened on December 12, 2025, is closing today, December 16, 2025, and has seen steady investor interest, with the issue subscribed 2.51 times by 10:15 am on Day 3, driven mainly by strong participation from non-institutional and qualified institutional investors, while the retail segment remains moderately subscribed. The IPO is priced in the range of ₹2,061–2,165 per share and is entirely an offer for sale aggregating ₹10,602.65 crore. Ahead of the issue, the company mobilised ₹3,021 crore from anchor investors. In the grey market, the IPO is commanding a premium of around ₹302, indicating an estimated listing price of about ₹2,467 per share, translating into a potential upside of nearly 14% over the upper price band. The basis of allotment is expected to be finalised on December 17, 2025, with the shares likely to be listed on the stock exchanges on December 19, 2025.