CNBC·2025-12-19 04:58Group 1 - ICICI Prudential AMC's IPO raised up to 106 billion rupees ($1.2 billion) and received bids for over 1.37 billion shares, significantly exceeding the 35.02 million shares offered [1] - The IPO was priced at 2,165 rupees per share at the upper end of the price band and was subscribed more than 39 times, primarily driven by institutional investors, while the retail portion was subscribed 2.5 times [2] - Major institutional investors included Singapore's GIC, Temasek, and India's Life Insurance Corporation, with Citigroup Global Markets India, BofA Securities India, Morgan Stanley, Axis Capital, Avendus Capital, and ICICI Securities serving as joint bookrunners [3] Group 2 - ICICI Prudential AMC is the largest asset management company in India in terms of assets managed under active mutual fund schemes, with a quarterly average of 101.47 billion rupees [4] - The company had 15.5 million retail investors as of the end of September [4]