9 months ago
ICICI Prudential AMC IPO Details
ICICI Prudential AMC, a big company that manages mutual funds, is offering shares to the public from December 12-16, 2025.
This is called an IPO, and it's a way for the company to raise money.
ICICI Prudential AMC manages a lot of money, over ₹10 lakh crore, and it's one of the largest players in India's mutual fund industry.
The company has been growing steadily, with its revenue and profits increasing by about 32% each year over the past few years.
Investors can buy shares in this IPO, but it's important to remember that the mutual fund business can be affected by how the stock market is doing.
So, it's a good idea to think long-term when investing in this IPO.
ICICI Prudential AMC's IPO opens December 12-16, 2025, offering 10% of Prudential's holdings.
The issue size is ₹10,603 crore, with a price band of ₹2,061-2,065.
ICICI Prudential AMC manages ₹10.15 lakh crore in mutual fund assets and ₹72,930 crore in alternates.
The company has shown strong growth, with revenue and net profit increasing at a 32% CAGR from FY23-25.
ICICI Prudential AMC is the largest in the industry in terms of active mutual fund QAAUM and equity mutual funds market share.
- Who
- ICICI Prudential Asset Management Company (ICICI Prudential AMC)
- What
- IPO offering 10% of Prudential's holdings
- Where
- India
- When
- December 12-16, 2025
- Why
- To raise capital and allow Prudential to partially exit its holdings
Key facts
- IPO Period
- December 12-16, 2025
- Price Band
- ₹2,061-2,065
- Issue Size
- ₹10,603 crore (10% of Prudential's holdings)
- Assets Under Management (AUM)
- ₹10.15 lakh crore (QAAUM) + ₹72,930 crore in alternates
- ICICI Bank Holding
- 53%
- Prudential Holding
- 37%
- PE Multiple
- 33x (H1FY26 earnings)
- Market Cap to QAAUM
- Less than 10% (as of September 2025)
- Revenue Growth (FY23-25)
- 32% CAGR
- Net Profit Growth (FY23-25)
- 32.2% CAGR
Timeline
ICICI Prudential Asset Management received approval from SEBI to file its IPO papers, paving the way for the latest event.
ICICI Prudential Asset Management Company received approval from SEBI for its IPO, setting the stage for the latest event.
ICICI Prudential AMC received final approval from SEBI to launch its IPO, paving the way for the latest event.
ICICI Prudential AMC is launching its IPO from Dec 12-16, 2025.
Quotes
Sriram BKR
Senior Investment Strategist, Geojit Financial Services
“Investors should be watchful of the price and valuation at which IPOs are offered as nearly 30 IPOs have registered a listing day loss.”
thehindubusinessline.com
“It is very importance for investors to be selective when approaching IPOs, rather than going with an expectation of listing day gains or short term profits.”
thehindubusinessline.com
Sachin Jasuja
Head of Equities and Founding Partner, Centricity WealthTech
“Given secondary-market multiples and strong domestic liquidity, stretched valuations in primary issuances are likely to persist rather than mean-revert quickly.”
thehindubusinessline.com
“In marquee IPOs, upside post-listing will be more selective and earnings-delivery dependent, warranting a sharper focus on quality, cash flows and realistic growth assumptions.”
thehindubusinessline.com
Kamraj Singh Negi
MD and CEO-Investment Banking, Pantomath Capital
“Investment bankers’ responsibility is to ensure that price discovery remains grounded in fundamentals—business scalability, margin visibility, cash-flow durability and governance maturity.”
thehindubusinessline.com
“Both issuers and investors are now more calibrated in their expectations, and the market has demonstrated a clear preference for companies that balance growth narratives with financial prudence.”
thehindubusinessline.com
Sources
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One in two IPOs trading below issue price as high valuations remain a concern
