The final day of bidding for the much-anticipated initial public offering (IPO) of ICICI Prudential Asset Management Company (AMC) is here. The public issue, which opened for subscription on December 12, 2025, will close today, December 16, 2025. Investors have shown solid interest, with the issue being subscribed 2.03 times by the end of the second day.
IPO Details and Subscription Status
The ICICI Prudential AMC IPO is a massive ₹10,602.65 crore Offer for Sale (OFS). This means the entire issue consists of existing promoters selling their stake. Consequently, the company will not receive any fresh capital from this IPO; all proceeds will go to the selling shareholders. The price band for the share sale has been fixed between ₹2,061 and ₹2,165 per equity share.
Citigroup Global Markets India is acting as the book running lead manager for this offering, while Kfin Technologies is the official registrar. Once its shares begin trading on the bourses, ICICI Prudential AMC will achieve a notable milestone by becoming the fifth listed entity from the sprawling ICICI Group.
Key Dates and Grey Market Premium
For investors who participated, the next critical dates are for allotment and listing. The share allotment for the IPO is most likely to be finalized on December 17, 2025. Following this, the shares are expected to make their stock market debut on December 19, 2025.
The grey market sentiment provides a strong indication of the anticipated listing performance. Today, the grey market premium (GMP) for the ICICI Prudential AMC IPO stands at ₹302. This premium suggests that shares are unofficially trading at ₹302 above the upper end of the IPO price band of ₹2,165.
Estimated Listing Price and Market Outlook
Based on the current GMP of ₹302, the estimated listing price is calculated to be around ₹2,467 per share. This represents a potential gain of approximately 13.95% over the IPO's upper price band, signaling robust investor appetite and positive market sentiment towards the asset management firm.
The successful listing of ICICI Prudential AMC will be closely watched as it adds a major financial services player to the listed space. The strong subscription numbers combined with a healthy grey market premium set the stage for an interesting debut later this week.
