ICICI Prudential AMC IPO Key Details

 

• Company: ICICI Prudential Asset Management Company Limited (ICICI Prudential AMC)

• Business: India’s second-largest asset manager by quarterly average AUM (₹10.87 lakh crore as of Sept 30, 2025), offering 140+ mutual fund schemes and PMS/ETF products across equity, debt, hybrid and passive strategies. ​
• IPO Type: 100% Offer For Sale by Prudential Corporation Holdings Limited (no fresh issue; ICICI Prudential AMC will not receive proceeds).

IPO Timeline & Structure

• Issue Size:

  • 4.90 crore equity shares (approx. 9.9% of paid-up equity).
  • Estimated issue value: ~₹10,600 crore at the upper end. ​
• Price Band: ₹2,061–₹2,165 per share (face value ₹1). ​
• Bidding Dates: 12–16 December 2025. ​
• Anchor Bidding: 11 December 2025. ​
• Allotment: Finalisation on 17 December 2025.
• Refunds & Demat Credit: 18 December 2025. ​
• Listing Date: 19 December 2025 on NSE & BSE. ​

Lot Size & Retail Ticket:

• • Minimum lot: 6 shares (as per street sources/marketing creatives). ​

  • Minimum retail application: around ₹12,300–₹13,000 at band pricing, exact amount depends on final lot confirmation in RHP. ​

Reservation/Quotas:

• • QIB: up to 50% of net offer.

  • NII: 15%.
  • Retail: 35%.
  • ICICI Bank Shareholder Quota: up to ~24.5 lakh shares reserved for eligible ICICI Bank shareholders as on RHP cut-off date.

Business Snapshot & Financials

ICICI Prudential AMC is a joint venture between ICICI Bank and Prudential Corporation; post-issue, ICICI Bank retains 51%, Prudential’s stake falls from 49% to about 39%. It manages a diversified AUM mix across active equity, debt, ETFs and solutions for 1.5 crore investors. ​

Financial performance (₹ crore):

ICICI Prudential Asset Management Co.Ltd.'s revenue increased by 32% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	30 Sep 2025	31 Mar 2025	30 Sep 2024	31 Mar 2024	31 Mar 2023
Assets	4,827.34	4,383.68	4,096.74	3,554.09	2,804.76
Total Income	2,949.61	4,979.67	2,458.23	3,761.21	2,838.18
Profit After Tax	1,617.74	2,650.66	1,327.11	2,049.73	1,515.78
EBITDA	2,210.10	3,636.99	1,837.55	2,780.01	2,072.58
NET Worth	3,921.56	3,516.94	3,272.28	2,882.84	2,313.06
Reserves and Surplus	3,903.91	3,432.85	3,254.63	2,798.75	2,228.97
Amount in ₹ Crore

 Strength:

First off, the pedigree is solid. This is a joint venture between ICICI Bank and Prudential Plc (UK). You aren't betting on a newcomer; you are betting on the largest asset manager in India by active assets under management (AUM).

• Financial Muscle: Their financials are looking robust. In FY25, their profit after tax nearly doubled compared to the previous years. That’s the kind of growth trajectory investors love.
• Market Position: They hold a massive chunk of the equity-oriented mutual fund market. In a country where financialization of savings is still in its early stages, the runway for growth is long.
• Shareholder Quota: If you already hold shares of ICICI Bank, there’s a reservation portion for you. This historically improves your chances of allotment slightly.

Risk:

• It’s 100% OFS: The company isn't getting any new money from this IPO. All the cash goes to the selling shareholder (Prudential Corporation Holdings). While this is common for mature companies, some investors prefer fresh issues where money goes back into business growth.
• Valuation: At the upper band of ₹2,165, the valuation is premium. You are paying top dollar for that market leadership tag.
• Market Mood: The grey market premium (GMP) is currently hovering around 5-13% (approx. ₹115-280). It’s decent, but not "listing pop" territory like some smaller IPOs we've seen this year.

Why This IPO Is Important:-

Once listed, ICICI Prudential AMC will be among the largest listed AMCs in India by AUM and market cap, joining the likes of HDFC AMC and Nippon Life India AMC, and will be the fourth listed ICICI group company after ICICI Bank, ICICI Prudential Life and ICICI Lombard.

For investors, it offers:

• A pure-play asset management business with high operating leverage and low capital intensity.
• Direct participation in India’s mutual fund penetration story as financialisation of savings accelerates. ​

How To Apply for the IPO?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs :-

Q1. What are the ICICI Prudential AMC IPO dates?
The IPO opens on 12 December 2025 and closes on 16 December 2025. Basis of allotment is expected on 17 December; refunds and credit to demat on 18 December; listing on 19 December 2025. ​

Q2. What is the ICICI Prudential AMC IPO price band and lot size?
The price band is ₹2,061–₹2,165 per share (face value ₹1). The marketing note indicates a minimum lot of 6 shares; investors should confirm final lot size in the RHP/online IPO interface before applying. ​

Q3. Is this a fresh issue or offer for sale?
It is a 100% offer for sale by Prudential Corporation Holdings Limited; no new shares are being issued and the company will not receive funds.

Q4. Who can apply under the shareholder quota?
There is a reserved portion for eligible ICICI Bank shareholders (up to ~24.48 lakh shares). Eligibility is based on holding ICICI Bank shares as of the RHP cut-off date, as defined in the offer document.

Q5. How strong are ICICI Prudential AMC’s financials?
For FY25, the AMC posted revenue of ~₹4,980 crore and PAT of ~₹2,651 crore, implying robust profit growth and high return ratios; H1 FY26 numbers also show strong momentum. ​