New Delhi, Dec. 9 -- The Rs.10,602-crore initial public offering (IPO) by ICICI Prudential AMC is set to kick off this week on December 12. The company yesterday, on December 8, announced the price band for its maiden share sale at Rs.2,061 to Rs.2,165 apiece, valuing the company at Rs.1.07 lakh crore.

Since the IPO is an entirely offer-for-sale by the promoter selling shareholder - UK-based Prudential Corporation Holdings - none of the proceeds will be received by the company.

Ahead of the IPO launch, ICICI Prudential AMC is witnessing a modest trend in the grey market. The latest grey market premium of the ICICI Prudential AMC IPO is Rs.85. This means that shares of India's second-largest AMC by assets are trading Rs.85 above the uppe...