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 Company which launched its initial public offering (IPO) on December 12 to raise over Rs 10,600 crore from the primary market has seen its grey market premium surge as soon as the IPO opened for subscription.

On Day 1 of subscription, the grey market premium (GMP) has increased by 28% since yesterday and indicates an estimated listing gain of around 9% per share against the upper limit of the issue price.

The IPO was booked 0.25 times so far, with investors bidding for 87,02,730 against the 3,50,15,691 shares on offer, according to the NSE data.

ICIC

See Full Page