India’s primary market is buzzing as the ICICI Prudential AMC IPO enters its second day of bidding. Investors are closely watching this marquee offering, which is one of the largest in the current pipeline. With the Rs 10,603-crore offer garnering significant attention from institutional buyers on Day 1, the market is keen to see how the remaining subscription unfolds. Alongside, IPO listings and allotments from other companies add to a busy day for the capital markets.
ICICI Prudential AMC IPO: Day 2 Subscription Updates
The ICICI Prudential AMC IPO is a 100 percent offer-for-sale (OFS) and has captured investor interest right from the start. On Day 1, the IPO was subscribed 72 percent, driven largely by Qualified Institutional Buyers (QIBs), who nearly doubled their allocated portion by the end of the session.
Retail investors, non-institutional participants, and shareholders also showed steady participation, contributing to overall subscription growth. With the IPO entering its second day of bidding, investors have another chance to secure shares before the issue closes on December 16, ahead of its scheduled listing on December 19.
Other IPO Listings and Market Activity Today
Today, India’s primary market features multiple key events in addition to the ICICI Prudential AMC IPO:
- Wakefit Innovations Ltd: Listing today on NSE and BSE. The Rs 1,289-crore IPO saw strong retail demand, with an overall subscription of 2.52 times. Retail investors led at 3.17 times, followed by QIBs at 3.04 times. The company raised Rs 580 crore from anchor investors prior to the issue.
- Corona Remedies: Making its market debut today following one of the strongest subscription responses this year. The Rs 655-crore offer-for-sale was oversubscribed 137 times, led by QIBs and non-institutional investors.
These listings provide investors an early indication of market sentiment and risk appetite, complementing the ongoing activity in the AMC IPO.
IPO Allotments Scheduled Today
Alongside new subscriptions and listings, investors will also witness allotments for healthcare IPOs:
- Park Medi World: The IPO was subscribed 8.52 times overall, with strong participation from NIIs and QIBs. Allotment is expected today, with refunds and share credits scheduled for December 16 and listing on December 17.
- Nephrocare Health Services: Oversubscribed over 14 times, dominated by institutional buyers. Allotments are expected today, with listing slated for December 17.
These allotments provide an early snapshot of investor confidence in recent offerings, particularly in the healthcare sector.
What Investors Should Know?
The primary market’s activity today underscores the importance of timing and strategy in IPO participation. For the ICICI Prudential AMC IPO, institutional interest has been the key driver so far, but retail and non-institutional segments continue to build steadily. Investors planning to subscribe on Day 2 should ensure timely applications, as the issue closes on December 16.
Meanwhile, the performance of Wakefit and Corona Remedies on debut will provide early cues about overall market appetite for new listings and investor sentiment toward large-cap IPOs.
Conclusion
With the ICICI Prudential AMC IPO entering Day 2, alongside multiple listings and allotments, India’s primary market is set for a packed session. Investors are advised to monitor subscription trends and allotment announcements closely. This period offers a window into market demand, investor sentiment, and the broader dynamics of India’s IPO landscape.
