Archive · 20 Nov 2025
ICICI Prudential Asset Management Nears IPO Approval
ICICI Prudential Asset Management is almost ready to go public.
They want to raise $1.1 billion by selling a small part of their company.
This could make their IPO one of the biggest in India this year.
Many banks are helping with this process, and the company has been preparing for this for a while.
ICICI Prudential Asset Management Co. close to SEBI approval for IPO
IPO expected to launch next month, aiming to raise up to $1.1 billion
Deal could value the company at about $11 billion
ICICI Securities Ltd. and Citigroup leading the issue, with 16 additional banks
Prudential Plc to sell up to 10% stake in the joint venture
- Who
- ICICI Prudential Asset Management Co.
- What
- Seeking SEBI approval for IPO
- When
- Expected to launch in December 2025
- Where
- India
- Why
- To raise funds and push India's IPO market above last year's record
- Company Valuation
- About $11 billion
- Stake for Sale
- Up to 10% (17.65 million shares)
- Leading Banks
- ICICI Securities Ltd. and Citigroup
- Additional Banks
- Up to 16 more banks