ICICI Prudential AMC IPO Day 1: Issues sees over 50% subscription. Check GMP, brokerage views & key highlights

ICICI Prudential AMC’s ₹10,602-crore IPO saw a 53% Day 1 subscription, led by strong QIB demand. The GMP of 9.3% signals moderate listing expectations. Brokerages remain positive on the AMC’s strong market share, high profitability and growth, though valuations are considered rich and suited more for long-term investors.