The initial public offering (IPO) of ICICI Prudential Asset Management Company (AMC) continued to witness strong investor interest on Day 2, with the grey market premium (GMP) climbing to nearly 14%, signalling improving sentiment ahead of the stock’s market debut. Early subscription data indicates healthy participation across investor categories, supported by confidence in the company’s fundamentals and brand strength.
Market participants said the rise in GMP reflects expectations of a reasonable listing gain, amid relatively stable broader market conditions. While grey market trends are unofficial and prone to volatility, they are widely tracked as a short-term indicator of investor appetite. The current premium suggests ICICI Prudential AMC shares are being viewed favourably, particularly by investors seeking listing-day momentum.
ICICI Prudential AMC is among India’s leading asset management companies, with a diversified portfolio spanning equity, debt, hybrid, and passive funds. The company has benefited from the steady expansion of India’s mutual fund industry, driven by rising retail participation, strong systematic investment plan (SIP) inflows, and increasing awareness of long-term wealth creation.
Analysts following the issue note that investors are closely assessing the IPO on key parameters such as valuation comfort, growth visibility, market share stability, and profitability metrics. The company’s strong parentage, extensive distribution network, and established operating track record are seen as major positives. However, some caution persists around competitive pressures in the asset management space and revenue sensitivity to market cycles.
The IPO is largely an offer for sale (OFS), enabling existing shareholders to pare their stakes while offering public investors exposure to a leading player in India’s expanding asset management sector. Subscription levels are expected to strengthen further as the issue progresses, particularly from institutional and non-institutional investors.
With the GMP trending higher and early demand holding firm, market participants will closely track final subscription numbers and broader market cues to assess the likely listing performance of ICICI Prudential AMC shares.
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