ICICI Pru AMC IPO Day 3: GMP at 14%, Subscription Surges – Apply Now?

Subscription Update

Bidding for India's largest active AMC IPO intensifies on final day, fully subscribed early with institutional strength. Retail at 0.83x lags but shareholder quota hits 2.84x. Listing eyed Dec 19 post Dec 17 allotment.

Key Highlights

GMP Trend: ₹302 (13-14% over ₹2,165 upper band), up from Day 2's ₹280; signals listing gains.​

Subscription (Day 2 close): Overall 2.1x; QIB 2.91x, NII 3.79x, Retail 0.83x.​

Issue Details: ₹10,602 Cr OFS (lot 6 shares, min ₹12,990); no fresh capital.​

Broker Views: Anand Rathi, Aditya Birla: Subscribe long-term (40x FY25 P/E fair); Arihant: High risk appetite only.​

Sources: Moneycontrol, Economic Times, Chittorgarh, Financial Express