The initial public offering (IPO) of ICICI Prudential Asset Management Company, a subsidiary of ICICI Bank, opens on Friday, December 12 and closes on December 16. The price band is ₹2,061 to ₹2,165 per share, valuing the fund house at ₹1.07 lakh crore.

Retail investors can bid for one lot of six shares, which will entail a minimum investment of ₹12,990. About 35% of the issue is reserved for retail investors.

In the grey market, the stock is quoting a 7% premium, though these indicators tend to fluctuate sharply and should not be seen as reliable predictors.

Should you apply

At the upper band, the company is valued at a H1FY26 annualised P/E of 33.1 times. SBI Securities said the mutual fund industry is expected to grow at a CAGR of 16% to 18% through FY25 to FY30, with SIP AUM rising

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