ICICI Prudential AMC IPO has no fresh issue component and all the proceeds from the IPO will go to the selling promoter. (Image: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

ICICI Prudential Asset Management Co. on Thursday raised Rs 3,022 crore in the pre-IPO anchor round, drawing interest from well-known foreign and domestic institutions.

The company allocated 1.4 crore shares to nearly 150 anchor investors at the IPO price of Rs 2,165. Out of the total allocation, 33% went to 27 domestic mutual funds and 12% to 13 insurance companies.

Life Insurance Corporation of India secured the largest single chunk at 5.63% of the anchor portion for Rs 170 crore. Capital Group picked up 5.6% of the anchor book for Rs 168 crore.

Government of Singapore and Temase

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