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ICICI Prudential Asset Management Company (AMC) made a beardown debut astatine the banal marketplace connected Friday, with a premium of 20%. The stock is disposable for trading astatine some benchmark indices, Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
On NSE, ICICI Prudential AMC banal was trading astatine 2,605.10, up 5.10 oregon 0.20 %, portion connected the BSE, the stock reached 2609.30, up 3.10 oregon 0.12%, astir 10:20 AM.
ICICI Prudential AMC IPO
Ahead of the listing, the entity was trading astatine a grey marketplace premium (GMP) of Rs 510–525, signalling imaginable listing gains of astir 23.5% implicit the contented terms of Rs 2,165. The IPO received beardown capitalist response, closing 39.17 times overall, according to ET.
Qualified Institutional Buyers (QIBs) were the astir enthusiastic, subscribing 123.87 times, portion Non-Institutional Investors subscribed 22.04 times, Retail Individual Investors 2.53 times, and existing shareholders 9.75 times.
Outlook for ICICI Prudential AMC
Brokerages person maintained a affirmative semipermanent presumption connected the AMC.Canara Bank Securities told ET that "the Indian communal money marketplace remains underpenetrated, with AUM-to-GDP astatine 19.9% successful FY25.
Equity-oriented schemes and beardown SIP inflows—rising to Rs 48 bn successful Sep 2025 from Rs 23.5 bn successful Mar 2023—support plus stability. ICICI Prudential AMC saw AAUM, revenue, and PAT turn astatine 32–33% CAGR FY23–FY25, with margins astatine 73–74% and CFO/PAT astatine 1x. The banal trades astatine 40.4x FY25 and 33.1x H1FY26 P/E, with elevated P/BV of 27–30x versus 10–14x peers.
We urge subscribing for the agelong term, backed by beardown equity AUM, manufacture position, robust ROE, and unchangeable margins, though valuation warrants caution."Anand Rathi stock and banal brokers besides highlighted the plus absorption company's beardown marketplace share. The brokerage told ET "ICICI Prudential, with a beardown marketplace share, is among the astir profitable AMCs successful the industry, valued astatine ~40x P/E connected FY25 net (at the precocious band), which is just arsenic compared to starring players (HDFC AMC & Nippon Life AMC). Considering the company’s accordant way grounds & superior fiscal metrics, the valuation is afloat priced in.
Hence, we urge subscribing to the IPO from a mean to semipermanent perspective."Mehta Equities suggested to subscribe for agelong word arsenic the steadfast offers "exposure to India's largest and astir diversified money house, backed by a beardown marketplace position."(Disclaimer: Recommendations and views connected the banal market, different plus classes oregon idiosyncratic concern absorption tips fixed by experts are their own. These opinions bash not correspond the views of The Times of India)
