ICICI Prudential AMC IPO Ignites: Shares Leap 20% to ₹2,600 in Pre-Open Fireworks!

IPO Debut Details

The asset manager's IPO, one of 2025's largest in financial services, raised ₹6,800 crore through fresh issue and offer-for-sale. Oversubscribed 8x, it signals strong domestic demand as AUM crossed ₹7 lakh crore, driven by retail investor surge post-pandemic.

Key Highlights

Pre-Open Premium: Opened at ₹2,600 vs ₹2,165 issue price, implying 20% gains; BSE pre-open also strong.

IPO Size & Structure: ₹2,500 cr fresh capital + ₹4,300 cr OFS from ICICI Bank/Life Insurance promoters.

Valuation Metrics: Priced at 8x FY25 book value; peers like HDFC AMC trade at 10x forward earnings.

Sector Tailwinds: Industry AUM up 35% YoY; equity MF inflows hit ₹2.5 lakh cr in 2025 on rupee stability.

Market Buzz

Expect listing volatility but sustained upside from passive fund growth and international expansions.

Sources: NSE/BSE Listing Data, Moneycontrol IPO Tracker, Economic Times Markets.