ICICI Prudential AMC IPO

ICICI Prudential AMC IPO: Check IPO Date, Live Subscription and Key Details

ICICI Prudential Asset Management Co. Ltd. (IPAMC), incorporated in 1993, is one of India’s largest asset management companies based on active Quarterly Average Assets Under Management (QAAUM). As of September 30, 2025, it managed QAAUM of ₹10,147.6 billion and catered to 14.6 million investors. The firm offers a diversified portfolio across Mutual Funds, Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), and offshore advisory solutions, supported by a vast pan-India distribution network of 272 offices.

Price Range
₹2061.0 - ₹2165.0
Issue Size
₹10,602.65 Cr
Lot Size
6 shares
IPO Type
Mainboard
GMP
₹520(+24.02%)
Est. Listing Price
₹2,685
Estimate Profit
₹3,120
Retail Portion
35%

Key Metrics

GMP
Face Value
₹1
EPS
65.46
P/E Ratio
33.07
RoNW
82.8%
ROE
82.8%
0
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Timeline

IPO Opens

12 Dec

IPO Closes

16 Dec

Allotment

17 Dec

Listing

19 Dec

IPO Timeline & Listing Details

EventDate
IPO Open Date12 December 2025
IPO Close Date16 December 2025
Allotment Date17 December 2025
Listing Date19 December 2025

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹12,990
Retail (Max)Just less than ₹2,00,000
15₹1,94,850
SHNI (Min)Just above ₹2,00,000
16₹2,07,840
SHNI (Max)Below ₹10,00,000
76₹9,87,240
BHNIAbove ₹10,00,000
77₹10,00,230

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)50%
NII (Non-Institutional Investor)15%
Retail35%
Total100.00%

IPO Objectives

  • The IPO is entirely an Offer for Sale (OFS) of 4,89,72,994 shares. The company will not receive any proceeds from the issue. The objective is to achieve the benefits of listing on the stock exchanges and provide liquidity to the selling shareholders (Promoters and Investors).

Strengths

  • The company holds Market Leadership as one of India's largest Asset Management Companies (AMCs), managing QAAUM of ₹10,147.6 billion as of September 30, 2025.
  • It dominates the Largest Individual Investor Franchise, indicating strong retail brand recall and trust.
  • The business is Highly Profitable, showing consistently growing PAT, with a high PAT margin of 53.23% (FY25) and an exceptional RoNW of 82.8% (FY25).
  • It operates a Diversified Business Model, offering Mutual Funds, Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), and offshore advisory services, providing multiple fee-based income streams.
  • The company has a Pan-India Distribution Network with 272 offices, supporting its multi-channel distribution strategy.
  • It maintains a Clean Balance Sheet, operating with virtually nil debt, ensuring high financial stability.

Weaknesses

  • The issue is a Pure Offer for Sale (OFS), meaning no fresh capital will be infused into the company for growth or expansion.
  • The business is Highly susceptible to Regulatory Risk from changes in SEBI and RBI regulations concerning fees, expense ratios, and commission structures, which directly impact revenue and profitability.
  • Revenue is directly tied to market performance and AUM growth, making it sensitive to Capital Market Volatility (Market Risk).
  • It faces High Competition from both bank-backed AMCs (HDFC, SBI) and new-age digital players.
  • The Valuation is expected to be priced at a premium, relying on sustained high growth in the overall mutual fund industry.
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Financial Performance

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)4,827.344,383.683,554.092,804.76
Revenue (₹ Cr.)2,949.614,979.673,761.212,838.18
PAT (₹ Cr.)1,617.742,650.662,049.731,515.78
Net Worth (₹ Cr.)3,921.563,516.942,882.842,313.06

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
ICICI Prudential AMC10.8633.0782.8%3,921.56
HDFC AMC Limited14.2640.235.47%8,130
Nippon Life India AMC11.8338.8630.45%4,213

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB1.97x2.91x123.87x
NII0.38x3.36x22.04x
S-HNI0.48x3.77x15.28x
B-HNI0.32x3.81x25.42x
RII0.21x0.83x2.53x
Total0.73x2.03x39.17x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB93,04,8691,15,25,59,9682,49,529.23
NII69,78,65215,37,89,43233,295.41
Small NII23,26,2173,55,41,5527,694.75
Big NII46,52,43511,82,47,88025,600.67
RII1,62,83,5214,12,61,9468,933.21
Total3,50,15,6911,37,14,88,2202,96,927.2
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Company Details

  • ICICI Prudential Asset Management Co.Ltd.
  • 12th Floor, Narain Manzil, 23, Barakhamba Road, Delhi, -110001
  • 91 022 2651 5000
  • amcinvestors@icicipruamc.com
  • http://www.icicipruamc.com/

Registrar Details

Frequently Asked Questions

What is the core business of ICICI Prudential AMC?
ICICI Prudential AMC is one of India's largest Asset Management Companies (AMC), providing Mutual Funds, PMS, AIFs, and offshore advisory services, managing a QAAUM of over ₹10,147.6 billion.
When is the tentative subscription period for the ICICI Prudential AMC IPO?
The tentative subscription period for the IPO is from December 12, 2025, to December 16, 2025.
Is the ICICI Prudential AMC IPO a Fresh Issue or Offer for Sale (OFS)?
The IPO is entirely an Offer for Sale (OFS) of 4.90 crore shares. The company will not receive any proceeds; all funds will go to the selling shareholders.
What are the key financial strengths of ICICI Prudential AMC?
The company is highly profitable, reporting a PAT Margin of 53.23% and an exceptional Return on Net Worth (RoNW) of 82.8% in FY25, reflecting industry-leading efficiency.
What reservation discount is available in the IPO?
A special quota is reserved for ICICI Bank Limited shareholders who will be eligible for bidding under the shareholder quota.
Which stock exchanges will list the ICICI Prudential AMC IPO?
The ICICI Prudential AMC IPO is scheduled to list on both the BSE and NSE with a tentative listing date of December 19, 2025.
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