ICICI Prudential Asset Management Company IPO
One of India's largest asset management companies, managing diverse portfolios across equity, debt, hybrid, and passive funds with strong institutional and retail distribution.
Key Facts
Total Subscription
39.17×
QIB
123.87×
HNI
22.04×
Retail
2.53×
GMP
+₹351
IPO Timeline
11 Dec
Anchor
12 Dec
IPO Open
16 Dec
IPO Close
18 Dec
Allotment
19 Dec
Listing
About the Company
ICICI Prudential Asset Management Company Limited was incorporated in 1993 and is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited.
The company is one of India's largest asset managers, offering a comprehensive range of investment solutions across:
- Equity Funds
- Debt Funds
- Hybrid Funds
- ETF & Passive Funds
With a strong distribution network covering both institutional and retail investors, the company has established itself as a trusted name in the Indian mutual fund industry.
Object of the Offer
This is an Offer for Sale (OFS)
- • No fresh capital is being raised by the company
- • All proceeds go to the selling shareholder
- • Selling shareholder: Prudential Corporation Holdings Limited
- • The company will not receive any funds from this IPO
Note: OFS does not directly fund business growth or expansion. It provides liquidity to existing shareholders.
Promoters & Shareholding
| Promoter | Role |
|---|---|
| ICICI Bank Ltd | Co-promoter |
| Prudential Corporation Holdings | Co-promoter & Selling Shareholder |
Post-IPO: The company remains promoter-driven with no change in control structure.
Anchor Investors
Anchor Shares
1.395 Cr
Anchor Portion
33.40%
Anchor Amount
₹3,021.76 Cr
Key Anchor Investors:
Why this matters: Strong participation from top-tier institutional investors signals confidence in the company's long-term prospects.
Subscription Status
Overall Subscription: 39.17× | The IPO was oversubscribed across all categories.
Financial Snapshot
| Metric | FY25 |
|---|---|
| Revenue (₹ Cr) | 4,979.67 |
| Profit (₹ Cr) | 2,650.66 |
| Operating Margin | 53.23% |
Source: Restated Financial Statements
Key Strengths
- •Market leader in AMC space
- •Strong parentage (ICICI + Prudential)
- •High operating margins (53%+)
- •Asset-light, scalable business model
- •Sticky long-term AUM base
Key Risks
- •Revenue linked to market cycles
- •Regulatory dependence (SEBI, AMFI)
- •No fresh capital raised in IPO
- •AUM outflows can impact profitability
- •Intense competition in mutual fund industry
Investor Guidance
May Suit
- • Long-term investors
- • Those bullish on Indian capital markets
- • Investors comfortable with cyclical earnings
- • Portfolio diversification seekers
May Not Suit
- • Short-term traders
- • Those expecting guaranteed returns
- • Investors seeking dividend certainty
- • Risk-averse investors
Disclaimer: This is educational guidance only, not investment advice. Please read the prospectus and consult a financial advisor before investing.
Grey Market Premium
Current GMP
+₹351
Expected Listing Price
~₹2,516
+16.2% from issue price
GMP is unofficial and highly volatile
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