Overview
- The ₹10,602.65 crore offer drew bids for 72% of shares on Friday, with the book open through December 16, allotment on December 17 and listing slated for December 19.
- Qualified institutional buyers bid 1.97 times, while the non‑institutional and retail buckets were subscribed 0.37 times and 0.21 times.
- The sale comprises about 4.90 crore existing shares in a pure offer for sale by UK‑based Prudential, so ICICI Prudential AMC will not receive proceeds.
- Ahead of launch, the company raised ₹3,022 crore from 149 anchor funds and ₹4,815 crore in a pre‑IPO placement that included global investors and Indian insurers.
- Grey‑market quotes around ₹120–₹177 over the issue price suggest modest expected listing gains of roughly 5–8%.