Even Before The Listing, There Was A Buzz About The Shares Of ICICI Prudential AMC, PL Capital Said- Buy It; Greed Will Come After Seeing The Target!

Even before the listing, there was a buzz about the shares of ICICI Prudential AMC, PL Capital said- buy it; Greed will come after seeing the target!

New Delhi. Even before the listing of the IPO of ICICI Prudential AMC, the country's second largest mutual fund company, the brokerage firm has given buying advice and has also set a big target price. Everyone's eyes are on its listing. Big investors of the stock market are also keeping an eye on it. As soon as it is listed, its shares may see a rapid rise. Let us know what target price has been given by brokerage firm PL Capital for the shares of ICICI Prudential Asset Management Company.

ICICI Prudential Asset Management Company was started in 1993 and operates as a fund management firm in India. Its business involves managing investors' money across various market-linked products, with investment decisions being taken based on internal risk controls and long-term allocation strategies.

ICICI Prudential AMC shares will go up to Rs 3000

PL Capital has given BUY rating to ICICI Prudential Asset Management. The firm has increased its target price to Rs 3000. The firm said we are positive about its business prospects given its strong performance/parentage which is driving the highest net equity flow market share among AMCs (17.5% in 8MFY26) and its superior equity yield of 67bps due to lowest distributor payout. PL Capital said it accounts for 73.7% of MF sales due to the closed architecture of ICICIBC.

Details of ICICI Prudential AMC IPO

The allotment of the initial public offering of ICICI Prudential Asset Management Company is expected to be finalized today, December 17. The IPO was subscribed 39.17 times till the last day of bidding. The IPO of ICICI Prudential AMC is completely an offer for sale, which means that the company will not get any new capital from this issue. The price band for this issue was fixed at Rs 2,061-2,165 per share.

ICICI Prudential AMC offers a wide range of investment products across multiple asset classes, designed to meet the objectives and risk profiles of individual clients, from income earning to long-term wealth creation. As of September 30, 2025, the company was managing 143 mutual fund schemes. These include 44 equity and equity-oriented schemes, 20 debt schemes, 61 passive schemes, 15 domestic fund-of-funds, one liquid scheme, one overnight scheme and one arbitrage scheme.

What is the GMP of ICICI Prudential?

GMP of ICICI Prudential Asset Management is Rs 354. The listing of its IPO is to be held on 19th December, hence its GMP may increase further tomorrow. Currently GMP is only 16.35 percent. Its listing can be explosive.

Also read- Exclusive Interview: ICICI Prudential AMC will distribute 60% profit as dividend every year, management told the complete plan.

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(Disclaimer: Information about two IPOs is given here, not investment advice. Jagran Business is not giving investment advice. Investing in the stock market is subject to market risks, so please consult a certified investment advisor before investing.)

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