Wed Dec 17 15:50:00 UTC 2025: Okay, here’s a summary of the text and a rewrite as a news article:
Summary:
ICICI Prudential AMC has received its first “buy” rating from PL Capital ahead of its listing. The brokerage firm has set a price target of Rs 3,000, indicating a potential 39% upside from the IPO price. PL Capital cites the company’s strong parentage, market-leading equity flows, consistent fund performance, and superior profitability as reasons for their positive outlook. The ICICI Prudential AMC IPO was heavily oversubscribed, with demand exceeding the offer by 39.17 times, driven primarily by institutional investors.
News Article:
ICICI Prudential AMC Gets First ‘Buy’ Rating, Target Price Suggests Significant Upside
Mumbai: ICICI Prudential Asset Management Company (AMC) has garnered its first “buy” rating from PL Capital ahead of its market debut. The brokerage firm has set a target price of Rs 3,000 for the stock, representing a potential 39% upside from its initial public offering (IPO) price.
PL Capital’s bullish stance is underpinned by several factors, including ICICI Prudential AMC’s strong backing from its parent company, its leading position in equity inflows within the market, consistently strong fund performance, and superior profitability metrics. These elements are seen as key drivers for long-term growth.
The IPO, which aimed to raise Rs 10,600 crore, witnessed overwhelming demand, being oversubscribed by 39.17 times. Institutional investors were the primary force behind the strong subscription numbers, signaling confidence in the asset management company’s prospects.
Analysts will be watching closely to see if ICICI Prudential AMC can live up to the high expectations set by this initial “buy” rating and achieve the price target outlined by PL Capital.
First Piper 