Overview
- Twenty-six investors bought 2.22 crore shares at Rs 2,165 in a pre-IPO placement totaling Rs 4,815 crore, including ICICI Bank’s Rs 2,140 crore purchase to add a 2% stake.
- The Rs 10,602.65 crore book-built IPO opens Dec. 12 and closes Dec. 16 with a price band of Rs 2,061–2,165, and a tentative listing date of Dec. 19.
- The sale consists entirely of shares offered by Prudential Corporation Holdings, with a reserved portion of up to 24.49 lakh shares for eligible ICICI Bank shareholders.
- Grey-market premium was about Rs 114 on Dec. 11, implying roughly a 5% markup to the upper band, though such indications are unofficial and speculative.
- ICICI Prudential AMC reported AUM of Rs 10,87,690 crore and a 13.3% active QAAUM market share; broker research pegs FY25 valuation at about 40.4x P/E and flags regulatory and fee-pressure risks.