ICICI Prudential Mutual Funds IPO subscribed 72% on opening day

ICICI Prudential Mutual Fund’s massive Rs 10,600-crore IPO saw robust demand on its opening day, with institutional investors oversubscribing their portion. While high net worth and retail investors showed moderate interest, the IPO is set to close on December 16. Prudential Corp Holdings is divesting a significant stake in this offering.

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