ICICI Prudential AMC IPO GMP Day 1 Live Updates: Over 52% Subscribed; QIBs Drive Strong Start

Soluble that the ICICI Prudential AMC IPO, the largest public offering for this year of Rs 10,602 crore, opened today along the line of good investor interest. The strong parentage and a dominating position in the Indian mutual fund sector, the issue is very much in demand from the institutional players on Day 1.

Investors keen to bid can do so in the price range of Rs 2,061–2,165 per share for a minimum of 1 lot comprising of 6 shares. The subscription is valid until 16 December 2025.

EICICI Prudential AMC IPO Day 1 Subscription Status (Live)

By the end of the day, the IPO has been oversubscribed by 52% (0.52 times) in total, which is a sign of constant build-up of momentum during the day.

Industry-wise Subscription (as at 04:02 PM)

QIBs (Qualified Institutional Buyers): 1.29 times

NIIs (Non-Institutional Investors): 0.29 times

Retail Investors: 0.19 times

Shareholder Quota: 0.38 times

Total: 0.52 times

The strong QIB response is leading the charge, while retail participation is expected to pick up closer to market closing and over the next two days.

ICICI Prudential AMC IPO GMP – Latest Grey Market Premium

The GMP is fluctuating around 8.5%, which signifies the prediction of a moderate but continuous listing premium. The current market shows that the issue is not undervalued but of absolute value, so it may be more attractive to long-term investors.

Company Strengths and Market Position

ICICI Prudential AMC being the largest asset manager in India in terms of active mutual fund QAAUM enjoys a 13.3% market share. As at September 30, 2025, the total AUM managed by the company was Rs 10.15 trillion:

Rs 6,610.3 billion MAAUM of individual investor

143 fund schemes through all categories

The lengthy network of ICICI Prudential includes 272 offices, 1.1 million distributors, and link-ups with over 7,200 ICICI Bank branches, enabling it to have one of the most powerful distribution systems in the industry.

What’s Driving Investor Interest?

Brokerages are mostly pro-IPO on account of:

Strong brand power, courtesy of ICICI Bank and Prudential

Leading the market in equity-oriented assets and SIP-driven retail flows

High return ratios, including almost 83% ROE

Scalable alternative investment platform

Fast digital adoption (95% transactions done online)

Moreover the industry situation is also in favor of growth: India’s mutual fund QAAUM is projected to grow at a rate of 16–18% yearly with SIP AUM predicted to increase by 25–27% through FY30.

Key Risks to Consider

Analysts also warn about:

Changes in regulations that might have an adverse effect on the operations of mutual funds

Competition from other AMCs and fintech platforms

Lower management fees due to the increasing popularity of passive funds

Market fluctuations affecting investor inflows and consequently profits

ICICI Prudential AMC IPO Price Band, Lot Size and Offer Details

Price Band: Rs 2,061 to Rs 2,165

Market Lot: 6 shares

Issue Type: 100% Offer for Sale

Issue Size: 48,97,2,994 shares

Anchor investors sharing the risk with the company have already contributed Rs 3,022 crore, thus reflecting faith of both domestic and global institutions.

Important Dates

IPO Opens: 12 December 2025

IPO Closes: 16 December 2025

Allotment: 17 December 2025

Demat Credit: 18 December 2025

Listing Date: 19 December 2025

How to Apply for the IPO

Investors can apply via:

Broker IPO platforms

UPI-enabled apps

ASBA through online banking

Is This IPO Worth Applying For? Expert Views

The majority of analysts suggest "Subscribe" for the long term. Their arguments are:

Market leadership

Continuous profitability

Robust AUM growth

Loyal SIP-driven retail base

But the valuation is on the higher side, so there might be limited short-term listing gains.