ICICI Prudential Asset Management Co.
ICICI Prudential AMC IPO is a book-built issue worth ₹10,602.65 crore. The issue consists entirely of an offer for sale of 4.90 crore equity shares. The IPO opens for subscription on December 12, ...
The IPO is priced in a band of ₹2,061 – ₹2,165 per share. Retail investors must apply for a minimum of 1 lot comprising 6 shares, requiring an investment of ₹12,990 at the upper price band. sNII applicants must apply for a minimum of 16 lots (96 shares), amounting to ₹2,07,840, while bNII applicants require a minimum of 77 lots (462 shares), totalling ₹10,00,230.
Citigroup Global Markets India Pvt. Ltd. is the book-running lead manager, and Kfin Technologies Ltd. is the registrar for the issue
Read moreIPO Timeline
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12 Dec 2025Bidding Starts
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16 Dec 2025Bidding Ends
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17 Dec 2025Allotment Finalization
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18 Dec 2025Refund Date
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18 Dec 2025Demat Date
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19 Dec 2025Listing Date
About ICICI Prudential Asset Management Co.
About ICICI Prudential AMC Limited
ICICI Prudential Asset Management Company Limited was originally incorporated as ICICI Asset Management Company Limited on June 22, 1993, unde
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The company operates as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, combining the financial services expertise of ICICI Bank with Prudential’s global insurance and asset management capabilities. ICICI Bank is a diversified financial institution with interests across banking, insurance, asset management, investment banking, and private equity. Prudential, established in 1848, is a leading life and health insurer with operations across 24 markets in Asia and Africa.
ICICI Prudential AMC is engaged in the management of mutual funds, portfolio management services (PMS), alternative investment funds (AIFs), and offshore advisory services. As of March 31, 2025, the company served approximately 14.6 million customers and managed a total quarterly average assets under management (QAAUM) of ₹9,432.8 billion, including ₹8,794.1 billion in mutual funds and ₹638.7 billion in alternates.
The company offers a wide range of investment products across asset classes, tailored to meet diverse investor objectives and risk profiles. Its mutual fund portfolio includes 135 schemes, comprising equity, debt, passive, fund-of-fund, liquid, overnight, and arbitrage categories. ICICI Prudential AMC is recognised as the largest asset manager in India by active mutual fund QAAUM.
With its registered office in New Delhi and corporate headquarters in Mumbai, the company continues to build on its legacy of innovation, investor trust, and operational excellence. Through its listing, ICICI Prudential AMC aims to further enhance transparency, governance, and access to capital markets, positioning itself for sustained growth in India’s evolving financial landscape.
Read moreICICI Prudential AMC IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- The IPO aims to carry out an Offer for Sale of up to 17,652,090 equity shares of face value ₹1 each by the Promoter Selling Shareholder, Prudential Corporation Holdings Limited. This enables partial divestment of its stake in the company.
- The listing of equity shares on recognised Indian stock exchanges (BSE and NSE) is expected to enhance corporate visibility, improve brand image, and provide liquidity to existing shareholders through a public market.
- Transitioning to a publicly listed entity is anticipated to foster investor confidence, improve access to capital markets, and support long-term growth through enhanced governance standards.
- Although the company will not receive any proceeds from the Offer, it will initially bear Offer-related expenses for administrative convenience. These will be reimbursed by the Promoter Selling Shareholder and include listing fees, legal costs, registrar fees, and marketing expenses.
Pre IPO Post IPO
EPS Rs 53.63 65.46
P/E (x) 40.37 33.07
Promoter Holding 100% 90.09%
ICICI Bank Limited and Prudential Corporation Holdings Limited are the company promoters.
Note:
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 that is available in RHP.
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