ICICI Prudential AMC IPO Subscription Hits 52% on Day 1, Led by Strong QIB Demand

Published On: 12/12/20251.9 min read

The highly anticipated Initial Public Offering (IPO) of ICICI Prudential Asset Management Company (AMC) has seen a promising start with its first day of subscription closing at 52% overall. Investors have shown significant interest, particularly from the Qualified Institutional Buyers (QIB) segment, which has led the charge in the subscription activity.

ICICI Prudential AMC, a major player in India’s asset management sector, launched its IPO with a price band set between ₹2,061 and ₹2,165 per share. The issue aims to raise around ₹10,600 crore, marking it as one of the largest IPOs of the year in the financial services domain.

On Day 1, the QIB portion witnessed the highest subscription rate, outperforming the retail and non-institutional investor (NII) segments. To be specific, QIBs have subscribed around 1.29 times of their portion, demonstrating strong confidence from institutional investors. The NII segment has contributed approximately 29% of its quota, while retail investors have participated with about 19% subscription.

This strong institutional demand reflects the market’s positive outlook on ICICI Prudential AMC’s growth prospects, driven by the expanding mutual fund industry in India and the company’s robust business model backed by ICICI Group’s brand strength.

Moreover, the IPO has garnered significant attention in the grey market, with the Grey Market Premium (GMP) reported around ₹120 above the upper price band, indicating optimistic listing expectations.

The subscription window for the ICICI Prudential AMC IPO remains open until December 16, 2025, giving investors additional time to apply. The basis of allotment is scheduled for December 17, with share credits expected by December 18. The stock is likely to list on both the BSE and NSE on December 19, 2025.

Market watchers and investors are keeping a close eye on this IPO given the asset management industry’s long-term growth potential, fueled by increased savings and investment avenues in India. The ICICI Prudential AMC IPO stands out due to the company’s leading market position and association with ICICI Group.

To sum up, the IPO’s Day 1 performance, especially driven by the QIB segment, sets a positive tone for the rest of the subscription period. If investor interest continues to build at this pace, the ICICI Prudential AMC IPO could see strong oversubscription by the time it closes, making it an exciting opportunity in this IPO season.

Stay tuned for more updates as the subscription progresses and post-listing market performance unfolds.

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