Signage astatine an ICICI Prudential Asset Management Co. subdivision successful Delhi, India, connected Thursday, Dec. 18, 2025. ICICI Prudential AMC's archetypal nationalist offering to rise arsenic overmuch arsenic 106 cardinal rupees ($1.2 billion) received bids for much than 1.37 cardinal shares, compared with 35.02 cardinal offered, astatine adjacent connected past time of the merchantability Tuesday, according to exchange data. Photographer: Anindito Mukherjee/Bloomberg via Getty Images
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Shares of ICICI Prudential, 1 of India's largest plus absorption companies, roseate 20% successful their trading debut Friday, pursuing a 106 cardinal rupees ($1.17 billion) archetypal nationalist offering.
The IPO by the steadfast jointly owned by India's ICICI Bank and UK's Prudential, was priced astatine 2,165 rupees per stock astatine the precocious extremity of the terms band.
The contented was subscribed much than 39 times during the bidding process, driven chiefly by a beardown request from organization investors. Retail information of the IPO was subscribed conscionable 2.5 times.
Singapore's GIC and Temasek and India's nationalist assemblage security institution Life Insurance Corporation were among the large organization investors that participated successful the IPO.
Citigroup Global Markets India, BofA Securities India, Morgan Stanley, Axis Capital, Avendus Capital and ICICI Securities were among the associated bookrunners.
ICICI Prudential AMC is India's largest plus absorption institution successful India successful presumption of assets managed nether progressive communal money schemes with an communal money quarterly mean assets of 101.47 cardinal rupees.
The institution had 15.5 cardinal retail investors arsenic of extremity of September.
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