Archive · 12 Dec 2025
ICICI Prudential AMC Prepares for IPO
ICICI Prudential AMC, one of India's largest and oldest fund management companies, is getting ready to go public.
This means they will sell some of their shares to the public through an IPO.
The company is owned by ICICI Bank and Prudential Corporation Holdings.
ICICI Bank is increasing its stake to 53% to remain the majority owner after the IPO.
The IPO is worth ₹10,600 crore and will open this week.
ICICI Prudential AMC manages a lot of money, especially in equity and hybrid funds, and has been growing faster than many of its competitors.
The company is well-positioned to benefit from the growing mutual fund industry in India, which is expected to double in the next few years.
However, they face challenges like regulatory fee tightening and competition from digital platforms.
ICICI Prudential AMC, a joint venture between ICICI Bank and Prudential Corporation Holdings, is preparing for its IPO, which opens this week.
The IPO is worth ₹10,600 crore and is an offer for sale (OFS) of 48.79 million shares, with a price band of ₹2,061–2,165.
ICICI Bank is increasing its stake to 53% to remain the majority owner after the IPO, ensuring control even after dilution from the newly-created Esop pool.
ICICI Prudential AMC manages the highest number of mutual fund schemes in India, with a diversified product range and a strong focus on equity and hybrid funds.
The company has shown strong growth, with a 32.7% CAGR in QAAUM, 20% CAGR in operating profit, and 32.2% CAGR in net profit between FY23 and FY25, and has the highest ROE among peers at 82.8% in FY25.
- Who
- ICICI Prudential Asset Management Co. (ICICI Prudential AMC), a joint venture between ICICI Bank and Prudential Corporation Holdings
- What
- Preparation for the IPO and stake sale by promoters
- When
- IPO opens on Friday and closes on Tuesday
- Where
- India
- Why
- To facilitate the initial public offering and divestment of stakes by promoters, capitalizing on the growing mutual fund industry and household savings shift towards financial products
- Company
- ICICI Prudential Asset Management Co. (ICICI Prudential AMC)
- IPO Size
- ₹10,600 crore
- IPO Type
- Offer for Sale (OFS)
- Shares Offered
- 48.79 million
- Price Band
- ₹2,061–2,165
- IPO Dates
- Opens Friday, closes Tuesday
- Promoters
- ICICI Bank (53% post-listing) and Prudential Corporation Holdings
- Market Share
- 13.3% of industry’s active mutual fund QAAUM
- Assets Under Management (AUM)
- ₹77.1 trillion (as of H1 FY26)
- Equity AUM
- 55.8% of total AUM
- Debt and Liquid AUM
- 26.1% of total AUM
- Passive and Arbitrage AUM
- 18% of total AUM
- Alternatives Franchise
- ₹72,930 crore (as of September 2025)
- ROE (FY25)
- 82.8%
- Five-Year Median ROE
- 78.9%
- Revenue Growth (FY23-FY25)
- 32.7% CAGR
- Operating Profit Growth (FY23-FY25)
- 20% CAGR
- Net Profit Growth (FY23-FY25)
- 32.2% CAGR
- Valuation
- 40x FY25 earnings at upper end of price band
- External Distributors
- 74% of flows via external distributors
- Direct Digital Channels
- Growing importance in distribution landscape
- Industry Growth
- AUM expected to nearly double to ₹147–155 trillion by FY30
- GDP Penetration
- 19.9% of GDP (as of FY25)
Sources
SBI Funds Management begins process to appoint merchant bankers for IPO: Report
SBI Mutual Fund Begins IPO Preparations; Promoters To Offload 10 Per Cent Stake As AMC Appoints Merchant Bankers
ICICI Pru AMC's upcoming IPO to test group’s listing luck
ICICI Prudential AMC IPO opens tomorrow. GMP, price band, key dates, other details in 10 points
Prudential sells 4.5% stake in Indian asset management JV for $545 million ahead of IPO
LIVE: Rs 10,602 crore ICICI Prudential AMC IPO set to open tomorrow – GMP up 5%; Key details to track
