ICICI Prudential AMC, India’s largest asset management company (in terms of active mutual fund QAAUM), has launched its Initial Public Offering (IPO) for public subscription today, December 12, 2025.

One day prior to the IPO opening, the company raised ₹3,022 crore from 149 anchor investors, including HDFC AMC, SBI Mutual Fund, WhiteOak Capital, marquee global investors Capital Group, the Monetary Authority of Singapore, Temasek, CLSA Global, Fidelity, JP Morgan, and others.

ICICI Prudential AMC IPO: Issue Details

Issue Type: The ICICI Prudential AMC IPO is a book-build issue of ₹10,602.65 crores, consisting entirely of an Offer-for-Sale (OFS) by Prudential Corporation Holdings, the UK-based partner, offloading up to 4.90 crore equity shares.

Lot Size: 6 shares

Price Band: ₹2061-₹2165 per share

Minimum Investment: ₹₹12,990 per lot based on the cut-off price (for retail investors)

IPO Closing Date: December 16, 2025

Allotment Date: The basis of allotment will be finalised by December 17, 2025.

Listing Date: The tentative listing date on BSE and NSE is December 19, 2025.

Book Running Lead Managers: Citigroup Global Markets India Private Limited, Morgan Stanley India Company Private Limited, BofA Securities India Limited, Axis Capital Limited, CLSA India Private Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), Kotak Mahindra Capital Company Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited, ICICI Securities Limited, Goldman Sachs (India) Securities Private Limited, Avendus Capital Private Limited, BNP Paribas, HDFC Bank Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited, UBS Securities India Private Limited

Registrar: Kfin Technologies Ltd.

ICICI Prudential AMC IPO Day 1 Subscription Status

[12-December-2025 10:24:00 hrs]

*Investor Category*	*Subscription (Times)*
Qualified Institutional Buyers (QIBs)	0.00
Non-Institutional Investors	0.03
Retail Individual Investors (RIIs)	0.03
Shareholders	0.03
Total	0.02

Utilisation of IPO Proceeds

As the issue is an offer for sale (OFS), the company will not receive any proceeds; they will be allocated directly to the Promoter Selling Shareholder, i.e., Prudential Corporation Holdings Limited.

ICICI Prudential AMC IPO GMP

As per media reports, the Grey Market Premium (GMP) of ICICI Prudential AMC is reported at ₹120 over the IPO price.

ICICI Prudential AMC Business Overview

ICICI Prudential Asset Management Company (ICICI Pru AMC) is one of India’s leading and oldest asset management companies. As of September 30, 2025, the fund house served a client base of 15.5 million investors with a broad portfolio of 143 mutual fund schemes, including 44 equity and equity-oriented, 20 debt, 61 passive, 15 domestic fund-of-funds (FoFs), and select liquid, overnight, and arbitrage products.

As of September 30, 2025, the company managed total mutual fund assets of ₹10,147.6 billion on a quarterly average basis, making it the largest asset manager in India in terms of active mutual fund QAAUM, with a market share of 13.3% (Source: CRISIL Report).

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