Overview
- The book-built issue runs December 12–16 in a price band of Rs 2,061–2,165 per share, with a tentative listing on December 19.
- The offering comprises up to 4.90 crore shares entirely offloaded by Prudential Corporation Holdings, so the company will not receive funds.
- A pre-IPO private placement raised Rs 4,815 crore from 26 investors at Rs 2,165 per share, including about Rs 2,140 crore invested by ICICI Bank.
- Grey-market indications point to a modest premium near Rs 114 on December 11, though such signals are unofficial and volatile.
- About 24,48,649 shares are reserved for eligible ICICI Bank shareholders (record date December 5), and analysts cite attractive relative valuation near 40x FY25 P/E alongside market and regulatory risks.