ICICI Prudential AMC IPO Day 2 update: Issue sails through on second day — Should you too apply? Check GMP, review

The AMC aims to raise ₹10,602.65 crore from this public issue, which is entirely an Offer for Sale (OFS). This means the net proceeds of the ICICI Prudential AMC IPO will not be reflected in the company's balance sheet, but will instead go into the pockets of the promoters who are offloading their shareholding through this public offer.

The asset management company (AMC) has declared the ICICI Prudential AMC IPO price band at ₹2061 to ₹2165 per share.

By 5:00 PM on the second day of bidding, the public issue had been subscribed 2.11 times, the retail portion of the public issue had been booked 0.83 times, the NII segment had been booked 3.79 times, whereas the QIB portion had been filled 2.91 times.

By 4:12 PM on the second day of bidding, the public issue had been subscribed 1.86 times, the retail portion of the public issue had been booked 0.80 times, the NII segment had been booked 3.58 times, whereas the QIB portion had been filled 2.21 times.

The initial public offering (IPO) of ICICI Prudential AMC opened on December 12, 2025, and will remain open for bidders until December 16, 2025.

Adroit Financial Services, Invest4Edu, Kantilal Chhaganlal Securities, Aditya Birla Money, Anand Rathi, Arihant Capital Markets, BP Equities, Canara Bank Securities, DR Choksey FinServ, Mehta Equities, RR Financial, and SMIFS have also assigned an 'apply' tag to the ICICI Prudential AMC IPO.

Sharekhan has assigned a 'subscribe' tag to the public issue, saying, "With a strong market share, the company is among the most profitable AMCs in the industry. IPO is valued at ~40.x PE on FY25 earnings (at upper price band), which are fair when compared to the leading players. Considering the company’s consistent track record and superior financial metrics, the valuations are reasonable. Hence, we recommend subscribing to the IPO from a medium to long-term perspective."

By 2:54 PM on the second day of bidding, the public issue had been subscribed 1.66 times, the retail portion of the public issue had been booked 0.71 times, the NII segment had been booked 2.98 times, whereas the QIB portion had been filled 2.21 times.

Master Capital Services has assigned a 'subscribe' tag to the public issue, saying, "With a comprehensive suite of mutual fund offerings, growing alternates business, and leadership in equity-oriented and hybrid segments, ICICI Prudential AMC is well-positioned to capitalize on the continued expansion of India’s equity markets, and sustain its dominance through scale, brand strength, and operational excellence. Investors may consider the IPO as a potential long-term investment opportunity."

By 12:33 PM on the second day of bidding, the public issue had been subscribed 1.28 times, the retail portion of the public issue had been booked 0.55 times, the NII segment had been booked 1.96 times, whereas the QIB portion had been filled 1.98 times.

According to market observers, shares of the company are available at a premium of ₹280 apiece in the grey market today.

ICICI Prudential AMC IPO GMP today is ₹265. This means that ICICI Prudential AMC shares are trading ₹265 above the upper end of the price band of ₹2165. At the prevailing GMP, ICICI Prudential AMC IPO listing price is estimated to be at ₹ ₹2430, a premium of 12%. The listing of shares is expected to take place on December 19.