ICICI Prudential Asset Management's $1.2 billion India IPO fully subscribed

ICICI Bank

15/12/2025 05:18

Dec 15 (Reuters) - ICICI Prudential Asset Management's IICL.NS $1.2 billion initial public offering was lapped up on the second day of bidding on Monday as institutional investors lined up for a piece of India's second-largest fund manager.

The IPO - India's fourth-largest this year - sets the stage for a second straight year of record primary market fundraising in Asia's third-largest economy.

As of 10:45 a.m. IST, the IPO received bids for 35.02 million shares, against 34.98 on offer, exchange data showed.

 (Reporting by Vivek Kumar M; Editing by Mrigank Dhaniwala)

 ((VivekKumar.M@thomsonreuters.com;))