ICICI Pru AMC’s IPO opened to strong sentiment, with a steady GMP of Rs 160–165 indicating a potential 7.4% listing gain. The robust premium reflects healthy investor appetite, supported by favourable institutional views and solid fundamentals, including strong profitability metrics, a process-driven investment approach, and a growing alternate assets franchise.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets