ICICI Prudential AMC listing: Stock lists at 20% premium on Dalal Street; check price, outlook & more
ICICI Prudential Asset Management Company (AMC) made a strong debut at the stock market on Friday, with a premium of 20%. The share is available for trading at both benchmark indices, Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). On NSE, ICICI Prudential AMC stock was trading at 2,605.10, up 5.10 or 0.20 %, while on the BSE, the share reached 2609.30, up 3.10 or 0.12%, around 10:20 AM.
ICICI Prudential AMC IPO
Ahead of the listing, the entity was trading at a grey market premium (GMP) of Rs 510–525, signalling potential listing gains of roughly 23.5% over the issue price of Rs 2,165. The IPO received strong investor response, closing 39.17 times overall, according to ET. Qualified Institutional Buyers (QIBs) were the most enthusiastic, subscribing 123.87 times, while 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 have maintained a positive long-term view on the AMC.Canara Bank Securities told ET that “the Indian mutual fund market remains underpenetrated, with AUM-to-GDP at 19.9% in FY25. Equity-oriented schemes and strong SIP inflows—rising to Rs 48 bn in Sep 2025 from Rs 23.5 bn in Mar 2023—support asset stability. ICICI Prudential AMC saw AAUM, revenue, and PAT grow at 32–33% CAGR FY23–FY25, with margins at 73–74% and CFO/PAT at 1x. The stock trades at 40.4x FY25 and 33.1x H1FY26 P/E, with elevated P/BV of 27–30x versus 10–14x peers. We recommend subscribing for the long term, backed by strong equity AUM, industry position, robust ROE, and stable margins, though valuation warrants caution.”Anand Rathi share and stock brokers also highlighted the asset management company’s strong market share. The brokerage told ET “ICICI Prudential, with a strong market share, is among the most profitable AMCs in the industry, valued at ~40x P/E on FY25 earnings (at the upper band), which is fair as compared to leading players (HDFC AMC & Nippon Life AMC). Considering the company’s consistent track record & superior financial metrics, the valuation is fully priced in. Hence, we recommend subscribing to the IPO from a medium to long-term perspective.”Mehta Equities suggested to subscribe for long term as the firm offers “exposure to India’s largest and most diversified fund house, backed by a strong market position.”(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
