ICICI Prudential AMC IPO
ICICI Prudential Asset Management Co. Ltd. is launching a book-built IPO of 4.90 crore shares, entirely an Offer for Sale (OFS) by existing shareholders.
The IPO opens on December 12, 2025, and closes on December 16, 2025. Allotment is expected on December 17, 2025, and listing is tentatively scheduled for December 19, 2025, on BSE and NSE.
The price band is Rs. 2061 – Rs. 2165 per share, and the market lot is 6 shares.
Lead Manager: Citigroup Global Markets India Pvt. Ltd.
Registrar: KFin Technologies Ltd.
🕗 Last Update: 9 December 2025
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IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | December 12, 2025 |
| IPO Close Date | December 16, 2025 |
| Allotment Date | December 17, 2025 |
| Refunds Initiation | December 18, 2025 |
| Credit to Demat | December 18, 2025 |
| Listing Date | December 19, 2025 |
IPO Details
| Particulars | Details |
|---|---|
| IPO Date | December 12, 2025 – December 16, 2025 |
| Face Value | Rs. 1 per share |
| Issue Price Band | Rs. 2061 – Rs. 2165 |
| Lot Size | 6 shares |
| Sale Type | Offer for Sale |
| Issue Type | Book-Build IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 4,89,72,994 shares |
| Shareholding Pre-Issue | 49,42,58,520 shares |
| Shareholding Post-Issue | 49,42,58,520 shares |
Reservation Structure
| Investor Category | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| Retail | Not less than 35% |
| NII | Not less than 15% |
| Shareholder Quota | Available (ICICI Bank shareholders) |
Eligibility for Shareholder Quota
Holding shares of ICICI Bank Ltd. as on the RHP specified date makes investors eligible.
Application Details
| Category | Limit | Cut-off Allowed |
|---|---|---|
| Retail | Up to Rs. 2 Lakhs | Yes |
| Shareholder | Up to Rs. 2 Lakhs | Yes |
| sNII | Rs. 2–10 Lakhs | No |
| bNII | Above Rs. 10 Lakhs | No |
Financial Snapshot (Rs. crore)
| 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 |
| PAT | 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 |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 82.8% |
| RoNW | 82.8% |
| EBITDA Margin | 36% |
| Pre-Issue EPS | Rs. 53.63 |
| Post-Issue EPS | Rs. 65.46 |
Promoters
-
ICICI Bank Ltd.
-
Prudential Corporation Holdings Ltd.
About ICICI Prudential AMC
Incorporated in 1993, ICICI Prudential AMC is India’s largest asset management company (AMC) in active assets under management (QAAUM).
As of September 30, 2025, it manages QAAUM of Rs. 10,147.6 billion.
It offers:
✔ Mutual Funds (Equity, Debt, Hybrid, Passive, FoFs)
✔ Portfolio Management Services (PMS)
✔ Alternative Investment Funds (AIF Cat II & III)
✔ Offshore Advisory Services
PAN-India presence: 272 offices across 23 states and 4 union territories.
Total employees: 3,541.
Competitive Strengths
-
India’s largest AMC in active AUM
-
Strong retail investor franchise
-
Broadest product suite in the industry
-
Dominant ETF & passive product presence
-
High brand trust due to ICICI group lineage
-
Very strong profitability & ROE
-
Scalable operating model
Objects of the Issue
Since the IPO is entirely OFS, no funds go to the company.
Purpose is to provide liquidity to existing shareholders.
Company Contact
ICICI Prudential Asset Management Co. Ltd.
(address not provided in extract)
Lead Manager:
Citigroup Global Markets India Pvt. Ltd.
(and other syndicate banks)
Registrar:
KFin Technologies Ltd.
📞 040-67162222
🌐 https://ipostatus.kfintech.com/
Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst (Short Review)
ICICI Prudential AMC is a highly profitable, debt-free, cash-rich AMC with industry-leading ROE of 82%.
Its AUM scale, leadership in active funds, and strong distribution give it a solid long-term outlook.
Pricing at Rs. 2061–2165 implies a P/E of ~33x on FY25 EPS, slightly higher than listed peers, but justified due to leadership and brand value.
Chanakya View:
Ideal for long-term wealth creation. Strong fundamentals + high brand trust. Listing gains possible depending on market sentiment. Detailed Review
Quicklinks
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
