ICICI Prudential AMC IPO Allotment Today: How to Check Status, GMP Signals Strong Listing
ICICI Prudential AMC IPO allotment is out today. Strong demand and a high GMP indicate a potential 16.4% premium on listing.
Investors track ICICI Prudential AMC IPO allotment and GMP ahead of the expected stock market debut.
The spotlight is now on the allocation of ICICI Prudential Asset Management Company’s initial public offering, which is set for today, December 17. The allotment status of the investors who applied for the issue can be verified on the BSE, NSE, or KFin Technologies' website, the registrar's website.
The IPO, which was closed on Tuesday, received huge demand from investors, with bids amounting to almost ₹3 lakh crore. This makes it the fourth most-subscribed IPO in Indian capital markets history.
Subscription Details
The ₹10,602.65-crore IPO was subscribed 39.17 times overall. Institutional investors led the demand, with the Qualified Institutional Buyers (QIB) segment subscribed a staggering 123.87 times. The non-institutional investors’ portion was booked 22.04 times, while retail investors subscribed the issue 2.53 times.
The offer received bids for about 137.15 crore shares against just 3.50 crore shares on offer, according to NSE data.
Price Band and Issue Structure
The pricing of shares of ICICI Prudential Asset Management Company (AMC) in the forthcoming public offering (IPO) lay in the range of ₹2,061 and ₹2,165, hence the market value of the firm can be estimated at around ₹1.07 trillion. The entire issue was comprised of 4.89 crore shares of the promoter Prudential Corporation Holdings (UK) being sold through an offer-for-sale, indicating that the firm will not be getting any money from the IPO.
Grey Market Premium (GMP)
The grey market premium for the IPO remains robust.It is reported by market sources that the ICICI Prudential AMC IPO GMP has reached ₹355 which is the topmost amount so far. Therefore, the anticipated listing price is likely to be approximately ₹2,520 per share which means that the listing gain at the issue price would be around 16.40%.
Listing and Group Presence
The stocks of ICICI Prudential AMC will probably get their big moment on the stock market's first day on December 19. After the listing, it will take the fifth place among the publicly traded companies of the ICICI Group, thus making it a member of the elite circle along with ICICI Bank, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and ICICI Securities.
How to Verify Your IPO Allotment Status
At BSE: You need to go to the BSE IPO allotment page, then choose the name of the issue, and finally, either enter your application number or your PAN.
At NSE: You have to access the NSE IPO bid verification page, pick the symbol for ICICI Prudential AMC, and provide your PAN and application number for entry.
Via Registrar (KFin Tech): Check the allotment by selecting the IPO and entering PAN, demat, or application number.
With strong subscription numbers and a healthy GMP, market participants are closely tracking the allotment outcome ahead of the expected listing later this week.
