ICICI Prudential Asset Management Company’s grey market premium inched up on Friday as the Rs 10,603-crore initial public offering opened for public subscription.

According to platforms tracking the grey market activities, the shares of ICICI Pru AMC are commanding a GMP between 7-9 percent in the unregulated market. Investorgain quoted a GMP of Rs 187 for the shares of the company, indicating a listing gain of 8.64 percent. IPO Watch quoted a GMP of 7.15 percent.

The IPO, sized at Rs 10,603 crore, saw steady interest by midday, with overall subscription at 11 percent, according to data from the NSE at around 1:15 p.m. The issue opened on December 12 and will remain open until December 16.

As per the exchanges’ consolidated data, the offer received bids for 38.95 lakh shares against

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