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ICICI Pru AMC share price: ICICI Prudential Asset Management Company (AMC) shares made a strong debut on the Indian stock market on Friday, December 19.

The stock was listed on the National Stock Exchange at Rs 2,600 per share, a premium of 20 per cent over its issue price of Rs 2,165. On the BSE, ICICI Prudential AMC shares opened at Rs 2,606.20, up 20.38 per cent from the IPO price.

The listing followed a blockbuster initial public offering that drew bids worth nearly Rs 3 lakh crore. This made it the fourth most-subscribed IPO in the Indian equity market in 2025.

Overall, the issue was subscribed 39.17 times. Demand was led by institutional investors. The Qualified Institutional Buyers (QIB) portion was subscribed 123.87 times. The non-institutional investors (NII) segment was booked 22.04 times, while the retail investor category saw a subscription of 2.53 times.

ICICI Prudential AMC’s IPO opened on December 12 and closed on December 16. The allotment was finalised on December 17. The shares were listed on both the NSE and BSE on December 19.

The Rs 10,602.65 crore public issue was entirely an offer-for-sale (OFS). Promoter Prudential Corporation Holdings (UK) sold more than 4.89 crore shares through the IPO. As a result, ICICI Prudential AMC did not receive any proceeds from the issue.

The price band for the IPO was fixed at Rs 2,061 to Rs 2,165 per share. The lot size was six shares, requiring a minimum investment of Rs 12,990 at the upper end of the band.

The issue was managed by 18 book-running lead managers. These included Citigroup Global Markets India, Goldman Sachs (India), ICICI Securities, Morgan Stanley India, BofA Securities, Avendus Capital, Axis Capital, BNP Paribas and CLSA India. Kfin Technologies acted as the registrar to the issue.

On the financial front, ICICI Prudential AMC has reported steady growth. In FY25, the company’s revenue rose 32 per cent year-on-year, while profit after tax increased 29 per cent. For the six months ended September 2025, the company posted a profit after tax of Rs 1,617.74 crore, supported by strong fund flows and stable fee income.

Anil Singhvi, Managing Editor, Zee Business, said the IPO received a historic response, with the issue subscribed nearly 39 times. He said the stock was recommended for both listing gains and long-term investment.

Singhvi said the expected listing range was between Rs 2,625 and Rs 2,675 against the issue price of Rs 2,165. He advised investors to maintain a stop loss below Rs 2,475 and hold the stock with a trailing stop loss. He also cautioned against fresh buying after the strong listing for now.

According to Singhvi, ICICI Prudential AMC is a big growth story and can be kept in the portfolio for the next two to three years as an investment.

On the brokerage front, Centrum Broking has initiated coverage on ICICI Prudential AMC with a ‘Buy’ rating. The brokerage has set a target price of Rs 3,181 per share.