Big Money, Big Moves: ICICI Prudential AMC IPO Unleashes India’s Biggest Asset Management Offer

Updated: December 07, 2025 21:46

Image Source: NDTV Profit

ICICI Prudential Asset Management Company is launching its much-anticipated IPO from December 12 to 16, 2025, with a price band of ₹2,061–2,165 per share. The issue is a pure offer-for-sale, raising around ₹10,600 crore, and will list on December 19. The IPO is expected to attract strong investor interest, given the company’s robust financials and market leadership.

ICICI Prudential Asset Management Company, India’s second-largest asset manager, is set to debut on the bourses with its IPO opening for subscription on December 12 and closing on December 16, 2025. The price band is fixed at ₹2,061–2,165 per share, valuing the company at approximately ₹1.07 lakh crore at the upper end. The IPO is a 100% offer-for-sale, with promoter Prudential Corporation Holdings divesting a 10% stake (about 4.9 crore shares). At the top of the price band, the sale is valued at roughly ₹10,603 crore. The shares will list on the BSE and NSE on December 19, 2025.

ICICI Prudential AMC reported a profit of ₹1,618 crore and revenue of ₹2,949.4 crore in the six months ended September 2025, up 21.9% and 20% respectively from the previous year. For FY25, profit grew 29.3% to ₹2,650.7 crore, with revenue surging 32.4% to ₹4,977.3 crore. The company manages 143 mutual fund schemes, the highest among Indian AMCs.

Notable Updates:

The IPO opens for public subscription on December 12 and closes on December 16, 2025.
Price band set at ₹2,061–2,165 per share, with a market lot to be announced.
The issue is a pure offer-for-sale; no fresh issue component.
Anchor investor bidding is scheduled for December 11.
Basis of allotment finalized on December 17, with shares credited and refunds processed on December 18.
Shares will list on BSE and NSE on December 19, 2025.
Up to 10% of the issue is reserved for eligible ICICI Bank shareholders.

Major Takeaways:

The IPO is expected to raise about ₹10,600 crore, making it one of the largest AMC IPOs in India.
ICICI Prudential AMC is the second-largest asset manager by assets under management, with a 13.2% market share.
The company’s strong financial growth and leadership position are likely to drive investor demand.
The listing will make ICICI Prudential AMC the fourth ICICI Group company on the bourses.

Source: Economic Times, Moneycontrol, IPO Watch, Angel One

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