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4h ago

ICICI Prudential AMC Sets IPO Price Band, Opens Dec. 12

Proceeds go to Prudential rather than the company.

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ICICI Prudential AMC IPO
The offer includes a reservation of up to 24.48 lakh equity shares specifically for eligible ICICI Bank shareholders as defined in the RHP.
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Overview

  • The issue is a pure offer for sale of up to 4.89 crore shares by Prudential Corporation Holdings, with no fresh equity raised.
  • The price band is fixed at Rs 2,061–2,165 per share; anchor bidding is on Dec. 11 and public subscription runs Dec. 12–16.
  • Share allotment is expected on Dec. 17, with listing slated for Dec. 19 on the BSE and NSE.
  • Post-offer, Prudential’s stake is set to fall to about 39% while ICICI Bank will retain 51% ownership.
  • Market reports estimate proceeds of roughly Rs 10,000–10,300 crore at a top-end valuation near Rs 1.07 lakh crore, and the RHP includes a 24.48 lakh-share reservation for eligible ICICI Bank shareholders.