Kolkata: ICICI Pru AMC shares recorded a bumper market debut on Friday with the listing price on NSE at Rs 2,600 per share. The shares listed at Rs 2606.20 apiece. While the premium was 20.38% at BSE, it was 20.09% premium on NSE.

ICICI Pru AMC is one of the strongest asset management companies in the country in the expanding sector of mutual funds. Accordingly there was a high degree of interest in the issue from the pre-IPO round itself, when big investors such as the family of the late Rakesh Jhunjhunwala picked up shares. The frenzy intensified in the anchor investment round when prominent investors from India and abroad queued up to invest.

Eventually, when the bidding window opened, investors submitted bids that were nearly 40 times the Rs 10,602.65 crore the issue set out to mop up from the market. The GMP of the IPO reflected all that frenzy over the past few days.

The GMP........

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