Archive · 15 Dec 2025
Prudential Sells ₹4,900 Crore Stake in ICICI Prudential AMC
Prudential, a British insurance company, sold a 4.5% stake in ICICI Prudential Asset Management for ₹4,900 crore.
This happened just before the company's big IPO, which is worth ₹10,602.65 crore.
The IPO opens on Friday, December 12, 2025, and the stock will be listed on exchanges on December 19, 2025.
Some big investors, like the Abu Dhabi Investment Authority, the families of Rakesh Jhunjhunwala and Azim Premji, and several Indian insurers, bought these shares.
ICICI Bank, which is part of the fund management company, also bought some shares.
Prudential will sell a total of 10% of its stake in the IPO, but no new shares will be issued.
ICICI Prudential AMC is the largest mutual fund asset manager in India by active quarterly average assets under management (QAAUM).
The grey market premium (GMP) for the IPO is ₹120, indicating a positive investor sentiment.
The IPO price band is ₹2061 to ₹2165 per share, and the lot size is 6 shares.
The IPO allotment is expected on December 17, 2025.
Prudential sold a 4.5% stake in ICICI Prudential Asset Management for ₹4,900 crore.
The sale occurred ahead of the company's ₹10,602.65 crore IPO, which opens on Friday, December 12, 2025.
Key investors include Abu Dhabi Investment Authority, Rakesh Jhunjhunwala family, Azim Premji family, and several Indian insurers.
ICICI Bank bought shares worth ₹2,140 crore, acquiring an additional 2% stake in the company.
The stock is expected to list on exchanges on December 19, 2025.
- Who
- Prudential, ICICI Bank, Abu Dhabi Investment Authority, Rakesh Jhunjhunwala family, Azim Premji family, SBI Life, HDFC Life, Go Digit General Insurance, Lunate Capital, Madhusudan Kela, PI Opportunities Fund-II, 360One Funds, DSP India Fund, Whiteoak Capital India Opportunities Fund, HCL Capital, Manish Chokhani, Kedaara Capital Public Markets Fund, TIMF Holdings, Malabar India Fund, Clarus Capital I
- What
- Sale of 4.5% stake in ICICI Prudential Asset Management
- When
- Thursday, ahead of the IPO opening on Friday, December 12, 2025
- Where
- India
- Why
- To reduce its stake ahead of the IPO
Investors
Company
Valuation
Investors
Investors believe the valuation is fair and the company is well-positioned for long-term growth.
Company
The company aims to reduce its stake while maintaining a strong market position.
- Company
- ICICI Prudential Asset Management
- Stake Sold
- 4.5%
- Amount
- ₹4,900 crore
- IPO Value
- ₹10,602.65 crore
- IPO Opening Date
- December 12, 2025
- IPO Closing Date
- December 16, 2025
- Listing Date
- December 19, 2025
- Key Investors
- Abu Dhabi Investment Authority, Rakesh Jhunjhunwala family, Azim Premji family, SBI Life, HDFC Life, Go Digit General Insurance, ICICI Bank, Lunate Capital, Madhusudan Kela, PI Opportunities Fund-II, 360One Funds, DSP India Fund, Whiteoak Capital India Opportunities Fund, HCL Capital, Manish Chokhani, Kedaara Capital Public Markets Fund, TIMF Holdings, Malabar India Fund, Clarus Capital I
- Market Share
- 13.3% in mutual fund QAAUM
- Operating Profit (FY2025)
- ₹3,236 crore
- Price-to-Earnings Ratio (FY2025)
- 40.4x
- Grey Market Premium (GMP)
- ₹120
- IPO Price Band
- ₹2061 to ₹2165 per share
- IPO Lot Size
- 6 shares
- IPO Allotment Date
- December 17, 2025
- IPO Registrar
- KFin Technologies Ltd
- IPO Lead Managers
- Citigroup Global Markets India, Morgan Stanley India, BOFA Securities India, Axis Capital, CLSA India, IIFL Capital Services, Kotak Mahindra Capital, Nomura Financial Advisory & Securities (India), SBI Capital Markets, ICICI Securities, Goldman Sachs (India) Securities, Avendus Capital, BNP Paribas, HDFC Bank, JM Financial, Motilal Oswal Investment Advisors, Nuvama Wealth Management, UBS Securities India
Sources
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