ICICI Prudential AMC IPO Sets Record With Rs 3 Lakh Crore Bids

ICICI Prudential Asset Management Company Ltd, backed by ICICI Bank, has created history in India’s primary market by attracting bids worth Rs 3 lakh crore for its initial public offering. The IPO, which ran from December 12 to December 16, has become the most subscribed issue of 2025, drawing 55 lakh applications. The allotment process was finalized today, with investors eagerly awaiting listing gains projected by the grey market premium.  

Key highlights from the announcement include  

• The IPO received bids worth Rs 3 lakh crore against an issue size of Rs 10,600 crore.  
• Subscription levels reached 39.17 times, making it the fourth-largest in Indian IPO history.  
• Institutional investors, including sovereign wealth funds and global long-only funds, drove demand.  
• The non-institutional investor segment was subscribed 22 times, while retail participation stood at 2.5 times.  
• Grey market premium indicates a 16% listing gain, with shares expected to list around Rs 2,520.  
• The IPO attracted 55 lakh applications, reflecting widespread investor interest.  
• Analysts highlight strong fundamentals, profitability, and scale as key drivers of demand.  

The overwhelming response underscores the growing appetite for asset management companies in India’s capital markets. Institutional investors showed exceptional confidence in ICICI Prudential AMC’s business model, while retail investors adopted a cautious approach given the fully priced nature of the issue.  

This IPO marks a significant milestone for India’s financial sector, reinforcing the strength of domestic capital markets and investor confidence in long-term growth stories. With listing expected on December 19, ICICI Prudential AMC is poised to deliver one of the most successful debuts of the year.  

Sources: Livemint, Moneycontrol, Financial Express, Fortune India