ICICI Prudential AMC’s IPO is open for subscription, with Nimesh Shah expecting profitability pressures from growing AUM to be offset by falling unitholder fees. He highlighted operating profit growth as the key valuation metric for asset management businesses, which have historically required minimal capital for expansion.
ICICI Pru AMC IPO Day 3: Issue subscribed over 39 times on final day
ICICI Prudential AMC’s IPO entered its final day of bidding amid strong investor interest, supported by a firm grey market premium. Robust demand across investor