ICICI Prudential AMC IPO Allotment Today: Check Status, GMP, Expected Listing Price

The ICICI Prudential AMC IPO allotment is expected to be finalised today, December 17, following robust demand across investor categories during the three-day subscription window. The public issue witnessed overwhelming participation from institutional investors, pushing overall subscription levels close to 40 times.

According to official data, the IPO was subscribed 39.17 times overall. Qualified Institutional Buyers (excluding anchor investors) led the demand, subscribing their portion 123.87 times, while the Non-Institutional Investor (NII) category was booked 22.04 times. Retail investor participation remained relatively modest, with the segment subscribed 2.53 times.

How to Check ICICI Prudential AMC IPO Allotment Status

Investors who applied for the IPO can check their allotment status once it is finalised through the Kfin Technologies website or the BSE portal.

On the Kfin Technologies website, applicants need to select ICICI Prudential AMC IPO from the dropdown menu and enter details such as application number, PAN, or demat account number, followed by captcha verification.

Alternatively, investors can check the status on the BSE website by choosing Equity as the issue type, selecting the IPO name, entering the application number or PAN, and completing the verification process.

ICICI Prudential AMC IPO GMP and Expected Listing Price

The grey market premium (GMP) for the ICICI Prudential AMC IPO remains strong ahead of allotment. As of the morning of December 17, the GMP stood at Rs 355.

With the IPO priced at the upper band of Rs 2,165 per share, the stock is expected to list around Rs 2,520, implying a potential listing gain of approximately 16.40 percent. Market participants should note that GMP is an unofficial indicator and can fluctuate closer to the listing date.

Issue Details and Listing Date

The ICICI Prudential AMC IPO is a book-built issue worth Rs 10,602.65 crore and consists entirely of an offer for sale (OFS) of 4.90 crore shares. As a result, the company will not receive fresh capital from the issue, and the proceeds will go to existing shareholders reducing their stake.

The IPO opened for subscription on December 12 and closed on December 16. Shares are scheduled to list on the BSE and NSE on December 19.

The lot size for retail investors was six shares, requiring a minimum investment of Rs 12,990. Small non-institutional investors were required to apply for at least 96 shares, while big NIIs needed to bid for a minimum of 462 shares.

Citigroup Global Markets India Pvt Ltd is the book-running lead manager, and Kfin Technologies Ltd is the registrar for the issue.