ICICI Prudential AMC Makes Strong Market Debut; Shares List at 20% Premium

India’s second largest asset management company (in terms of active mutual fund QAAUM), ICICI Prudential AMC, made a strong market debut today. The stock opened at ₹2,600 on NSE and ₹2,606 on BSE, roughly 20% above the IPO price of ₹2,165 per share. 

IPO Overview & Subscription Details

The ICICI Prudential AMC IPO was open from December 12 to December 16. It consisted entirely of an offer for sale (OFS) of 4.90 crore equity shares by promoter Prudential Corporation Holdings, meaning no new capital was raised for the company. The price band was fixed between ₹2,061 and ₹2,165 per share. 

The IPO was one of 2025’s most anticipated public issues, which witnessed an oversubscription of 39.17 times, driven by overwhelming demand from qualified institutional buyers at 123.87 times, followed by non-institutional investors at 22.04 times, robust participation from retail investors at 2.53x, and notable interest from ICICI Bank shareholders at 9.75 times. 

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, and UBS Securities India Private Limited served as book-running lead managers. 

ICICI Prudential AMC Company Overview 

ICICI Prudential AMC is India’s second-largest AMC with a market share of 13.2%. The fund house manages more than ₹10 lakh crore in assets across equity, debt and hybrid schemes 

The company is in the asset management industry for more than 30 years and serve a customer base of 15.5 million customers 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.

(Data as of September 2025)

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