Are you ready? ICICI Prudential AMC's IPO is set to create a sensation!

ICICI Prudential AMC IPO: ICICI Prudential AMC's IPO is about to debut on the stock market. Find out why the grey market premium has reached ₹526 and why investor enthusiasm is so high. The strong participation from retail and institutional investors, PL Capital's 'Buy' rating, and a long-term target of up to ₹3,000 make this IPO special. Get complete information on IPO subscription, price, and lot size. This is also a perfect opportunity for young investors to understand market trends and share demand. Learn how this can be a profitable investment before investing in the stock market.

ICICI Prudential AMC IPO: ICICI Prudential Asset Management Company Limited's IPO is about to debut on the stock market. The company's shares will open for the first time on Friday, December 19th. The pricing and market demand for this IPO have been so high that the Grey Market Premium (GMP) has reached ₹526, significantly higher than the initial price. This indicates strong investor confidence and enthusiasm in the company. However, remember that GMP is only an indicator of investor interest; it does not accurately predict the listing price.

How much profit can you expect from investing in these shares?

Brokerage firm PL Capital has given this share a 'Buy' rating. In their opinion, the company's business is very strong. Better returns, increasing sales in mutual funds, and a good share of non-MF revenue make it even better in the market. They estimate that the share price could reach ₹3,000 in the long term. They believe that ICICI AMC can command a premium compared to HDFC AMC and NAM in the future due to its superior distribution network and diversification.

IPO Subscription and Pricing

ICICI Prudential AMC's IPO has been extremely popular among retail and institutional investors. The retail category was subscribed 2.5 times, the QIB category 123 times, and the NII category 22 times. The IPO's top price was set at ₹2,165, and each lot consisted of 6 shares. The minimum investment for retail investors was approximately ₹12,990.

Why is this noteworthy for young investors?

If you are considering investing in the stock market, this IPO offers a good opportunity to understand market trends and share demand. However, remember that investing in the stock market always involves risk.

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