Investors in the ICICI Prudential Asset Management Company (ICICI Prudential AMC) IPO are watching two key things on Wednesday, December 17, 2025: share allotment status and listing expectations ahead of the stock’s scheduled debut on Friday, December 19 on the BSE and NSE. Upstox – Online Stock and Share Trading
The allotment day comes after the ₹10,602.65 crore issue delivered one of the loudest demand signals seen in India’s primary market this year, with bids aggregating to about ₹3 trillion (₹3 lakh crore)—a level that Reuters noted makes it among the most subscribed IPOs in India’s history. Reuters
At the same time, the conversation has expanded beyond “How to check allotment” to “What happens after listing?”—especially after PL Capital initiated coverage with a ‘Buy’ rating and a target price of ₹3,000, adding a fresh layer of pre-listing analysis for investors weighing whether to hold beyond day one. The Economic Times
ICICI Prudential AMC IPO: Key dates investors need to know
Here’s the timeline markets are tracking this week:
- Allotment / basis of allotment:December 17, 2025 (today) Moneycontrol
- Refunds / unblocking of funds & share credit to demat:December 18, 2025 Moneycontrol
- Listing on BSE and NSE:December 19, 2025 Moneycontrol
Upstox also flagged that the allotment outcome may reflect on portals by late evening as registrar/exchange systems update. Upstox – Online Stock and Share Trading
How to check ICICI Prudential AMC IPO allotment status online
Investors can check allotment using any of the three standard routes: BSE, NSE, or the registrar (KFin Technologies). Multiple live trackers today reiterated that you’ll generally need your PAN and either your application number or DP/Client ID to view the final status once updated. Upstox – Online Stock and Share Trading
Official pages (quick access)
BSE allotment status page:
https://www.bseindia.com/investors/appli_check.aspx
NSE IPO bid / application verification:
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
KFin Technologies IPO status (registrar):
https://ipostatus.kfintech.com/
Upstox – Online Stock and Share Trading
1) Check allotment status on BSE
Moneycontrol and Upstox’s live updates describe the same basic flow:
- Open the BSE IPO allotment page
- Choose Issue Type: Equity
- Select ICICI Prudential AMC / ICICI Prudential Asset Management Company Ltd from the issue list
- Enter PAN (and/or application details as prompted)
- Submit/Search to view status Upstox – Online Stock and Share Trading
2) Check allotment status on NSE
The NSE route is useful for verifying bid/application data and tracking the issue symbol commonly used in IPO interfaces:
- Open the NSE IPO page/verification page
- Choose Equity & SME IPO bid details
- Select the issue (symbol seen in trackers is ICICIAMC)
- Enter PAN + application details
- Submit to view status Upstox – Online Stock and Share Trading
3) Check allotment status on KFin Technologies (Registrar)
Because KFin Technologies is the registrar for this IPO, many investors prefer this route once the basis of allotment is finalized:
- Visit the KFin IPO status portal
- Select the relevant IPO from the dropdown
- Enter PAN / application number / DP ID-client ID
- Submit to view allotment outcome Upstox – Online Stock and Share Trading
ICICI Prudential AMC IPO GMP today: what it suggests for listing
As allotment checks go live, the other big keyword trending today is GMP (grey market premium)—an unofficial indicator that often shapes listing-day expectations (with the important caveat that it is not regulated and can move fast).
Across today’s live trackers and reports:
- Upstox cited a grey market indication implying the stock around ₹2,533, reflecting roughly ~17% over the ₹2,165 cap price. Upstox – Online Stock and Share Trading
- Moneycontrol reported the GMP around ₹368 (at a specific morning timestamp), implying an estimated listing price near ₹2,533 and about ~17% upside vs the upper band. Moneycontrol
- LiveMint’s afternoon update referenced a GMP figure around ₹351, pointing to an estimated listing zone near ₹2,516 (about ~16% over the issue price). mint
Bottom line: today’s GMP chatter clusters around mid-teens listing gains (~16–17%), but actual listing performance will still depend on broader market sentiment on December 19 and the opening trade’s order flow. mint
Reminder: Grey market pricing is unofficial and not an exchange product; several trackers explicitly warn investors not to treat GMP as a guarantee of returns. Upstox – Online Stock and Share Trading
Why this IPO became a December headline: demand, bids, and subscription breakdown
ICICI Prudential AMC’s IPO isn’t just another allotment-day search trend. It’s also being framed as a test of how much liquidity investors still have for “quality” financial-services names late in the year.
1) The headline number: ~₹3 trillion in bids
Reuters reported bids worth roughly ₹3 trillion (about $33 billion), putting it in the upper tier of India’s most subscribed IPOs. Reuters
2) The subscription split: institutions did the heavy lifting
Across trackers, the pattern is consistent:
- Overall subscription: ~39.17x Upstox – Online Stock and Share Trading
- QIB (institutional) subscription: ~124x Reuters
- NII (non-institutional/HNI): ~22x Reuters
- Retail: ~2.5x Reuters
This is a classic “institution-led” demand profile: massive QIB oversubscription, strong HNI participation, and more moderate retail bidding. Reuters
3) Issue basics: price band, lot size, and OFS structure
A few details are particularly important for investors interpreting post-listing fundamentals:
- Price band:₹2,061–₹2,165 per share Moneycontrol
- Lot size:6 shares Upstox – Online Stock and Share Trading
- Issue size:₹10,602.65 crore Moneycontrol
- Structure:Entirely Offer for Sale (OFS)—meaning no fresh capital goes into the company from this IPO Upstox – Online Stock and Share Trading
Reuters also underscored that the IPO was an offer-for-sale by Prudential, and separately reported Prudential sold a 4.5% stake in the JV ahead of the IPO for about $545 million to marquee investors (subject to approvals and deal terms). Reuters
What the company is—briefly—and why markets care
ICICI Prudential AMC is a joint venture between ICICI Bank and Prudential, and Reuters reported it manages more than ₹10 trillion of assets with about 13.2% market share as of September-end. Reuters
Live trackers also point out the market significance of the listing:
- The listing is expected to make ICICI Prudential AMC the fifth listed ICICI Group entity (after ICICI Bank, ICICI Prudential Life, ICICI Lombard and ICICI Securities). Moneycontrol
- It will join the set of already-listed Indian asset managers (HDFC AMC, Nippon Life India AMC, UTI AMC and others). Moneycontrol
PL Capital’s ₹3,000 target before listing: what’s behind the ‘Buy’ call
One of the most-talked-about developments on Dec 17 is that ICICI Prudential AMC has received a prominent pre-listing initiation from PL Capital, with a “Buy” rating and a target price of ₹3,000.
What PL Capital said (as reported today)
- Target price: ₹3,000 The Economic Times
- Valuation approach: 38x September 2027 core EPS (as cited in coverage) mint
- The call implies roughly ~39% upside from the IPO cap price of ₹2,165 (as described by ET). The Economic Times
The thesis in plain English
The rationale highlighted across reports leans on three broad pillars:
- Distribution strength and parentage
PL Capital emphasized the benefit of ICICI Bank’s distribution reach and the company’s strong “parentage,” which can be meaningful in an industry where flows and customer acquisition matter. The Economic Times - Flows, performance, and “yield” economics
Reports referencing PL Capital note market-leading net equity flow share and attractive yield metrics tied to distributor payouts and product mix. The Financial Express - Relative positioning vs listed peers
Financial Express cited PL Capital arguing that at the IPO’s upper price band, valuation implies a discount versus select peers on a forward basis—while also suggesting ICICI Prudential AMC could ultimately command a premium due to distribution and diversification. The Financial Express
That said, other coverage continues to note that valuations are not “cheap,” which is why several trackers frame the IPO as more suitable for investors with a longer holding horizon rather than those purely chasing listing-day pop. The Economic Times
What to watch next: allotment outcomes, demat credit, and listing-day cues
If you’re tracking the ICICI Prudential AMC IPO from here, the next 48 hours typically unfold in a predictable sequence:
- Allotment status updates begin reflecting on BSE/NSE/registrar portals once finalized (often in waves as systems refresh). Upstox – Online Stock and Share Trading
- Refunds and share credits are expected on December 18, which is when investors usually see either (a) demat credit or (b) unblocking/refund initiation. Moneycontrol
- Listing on December 19 will be shaped by:
- broader market tone
- opening auction dynamics
- institutional selling vs long-only holding behavior
- and whether GMP sentiment stays firm or cools into debut Moneycontrol
Market voices also see the demand surge as evidence of liquidity for “credible businesses” in the IPO pipeline—a theme that came through in ET’s reporting of market commentary around the ₹3 lakh crore bid figure. The Economic Times
