<div id="readability-page-1"><div> ICICI Prudential Asset Management's (IICL.NS) shares jumped 20.1% in their trading debut on Friday, as investors bet on a continued surge in retail investor participation in Asia's third-largest economy.The shares listed at 2,600 rupees on the National Stock Exchange of India, up from their issue price of 2,165 rupees.The $1.2 billion IPO by India's second largest asset manager has confirmed a record year for India's primary market. More than 350 companies have raised $21.6 billion through IPOs in the south Asian country so far in 2025, surpassing previous year's $20.5 billion, as per LSEG data.The IPO garnered bids worth $33 billion earlier this week to become the fourth most subscribed Indian IPO.Brokerage Prabhudas Lilladher, which initiated coverage on the stock with a &#34;buy&#34; rating, said strong parentage and superior equity yields make the asset manager an attractive bet.</div></div>

ICICI Prudential Asset Management's shares surged 20.1% in their trading debut, listing at 2,600 rupees, up from the issue price of 2,165 rupees. The $1.2 billion IPO marks a record year for India's primary market, with over 350 companies raising $21.6 billion through IPOs in 2025. The IPO was the fourth most subscribed in India, with bids worth $33 billion.

India's ICICI Prudential Asset Management jumps 20% in trading debut