ICICI Prudential Asset Management Company Ltd. makes a strong debut on the bourses with scrip got listed at Rs 2,606.20 on the Bombay Stock Exchange, a 20.37 per cent premium to its issue price of Rs 2,165.00. On the National Stock Exchange, the stock was listed at Rs 2,600.00.
The company, which raised 4.90 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 489.73 lakhs shares.
The company, listed under A Group Securities post its IPO, opened for subscription from Dec 12 to Dec 16.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for .
ICICI SECURITIES LTD,Nomura Financial Advisory and Securities (India) P,Citigroup Global Markets India Private Limited,CLSA India Private Limited,Kotak Mahindra Capital Company Limited,Motilal Oswal Investment Advisors Limited,JM Financial Ltd.,HDFC Bank Limited,BofA Securities India Limited,UBS SECURITIES INDIA PVT LTD,Axis Capital Ltd.,IIFL Capital Services Limited,SBI Capital Markets Ltd.,Nuvama Wealth Management Ltd.,BNP Paribas,Avendus Capital Pvt. Ltd.,Morgan Stanley India Company Pvt. Ltd.,Goldman Sachs (India) Securities Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 84,481.81, down 77.84 points, or 0.09 per cent.