ICICI Prudential Asset Management Company’s IPO anchor book witnessed strong demand, with investors allocated shares at ₹2,165 apiece. Leading institutions including HDFC, LIC, Fidelity, and JPMorgan participated, collectively investing ₹30.22 billion. The robust anchor response highlights investor confidence in India’s asset management sector ahead of the public offering.
ICICI Prudential AMC has successfully closed its anchor book for the upcoming IPO, securing significant commitments from marquee investors. The allocation price was set at ₹2,165 per share, reflecting strong institutional appetite for the offering.
Key Highlights
• Notable Updates: Shares worth ₹30.22 billion were allocated in the anchor book.
• Major Takeaways: Prominent investors such as HDFC, LIC, Fidelity, and JPMorgan Funds participated in the anchor round.
• Important Points: The anchor allocation underscores confidence in ICICI Prudential AMC’s growth trajectory and the broader asset management industry.
• Market Signal: Strong anchor demand often sets a positive tone for retail and institutional subscription in the main IPO.
This development positions ICICI Prudential AMC’s IPO as one of the most closely watched offerings in India’s financial sector, with expectations of robust participation across investor categories.
Sources: Reuters, Bloomberg, Economic Times