Shares of ICICI Prudential Asset Management Company Ltd continued to trade higher on Monday, December 22, marking the second day of gains after its stock market listing.

During early trade at 9:52 AM, the stock was up 1.16%, trading at ₹2,615.90 per share on the National Stock Exchange (NSE). With this rise, the company’s market value reached ₹1.25 lakh crore, showing strong investor confidence.

📊 Strong Listing Performance

ICICI Prudential AMC made its stock market debut on December 19 at ₹2,600 per share, which was a 20% premium over its IPO price of ₹2,165.

At the current price level, the stock has gained more than 20.8% from the IPO issue price, rewarding early investors within just two trading sessions.

🏦 Joins Elite AMC Players

After listing, ICICI Prudential AMC joined other well-known listed asset management companies such as:

HDFC AMC

Aditya Birla Sun Life AMC

Nippon Life India AMC

UTI AMC

Shriram AMC

It also became the fifth company from the ICICI Group to be listed on the stock exchange, after: ICICI Bank, ICICI Lombard, ICICI Prudential Life, and ICICI Securities.

💼 IPO Details at a Glance

The company’s IPO was worth ₹10,602.65 crore and was a pure offer-for-sale (OFS) by promoter Prudential Corporation Holdings.

Since there was no fresh issue, the company itself did not receive any funds from the IPO.

The price band for the IPO was set between ₹2,061 and ₹2,165 per share.

🚀 Heavy Investor Interest

The IPO saw very strong demand, with total subscription of 39.17 times.

Institutional investors (QIBs): 123.87x subscribed

Non-institutional investors (NIIs): 22.04x subscribed

Retail investors (RIIs): 2.53x subscribed

Before the IPO, the company also raised ₹3,021.8 crore from anchor investors, including big global names like the Government of Singapore, Abu Dhabi Investment Authority, Goldman Sachs, JP Morgan, and leading Indian mutual funds.

🗣️ Company Statement

The company said that its stock market listing will help improve brand visibility, strengthen public trust, and provide a transparent market for its shares in India.