ICICI Prudential AMC IPO

ICICI Prudential Asset Management Company Limited is undertaking an Initial Public Offering (IPO) through a 100% book-built Offer for Sale. The IPO comprises up to 17,652,090 equity shares of face value ₹1 each, offered by Prudential Corporation Holdings Limited, the Promoter Selling Shareholder. Subject to the proposed bonus issuance of 1.8 equity shares for every 1 equity share held, the number of offered shares may increase to 49,425,852 equity shares.

The IPO is being made in accordance with Regulation 6(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The equity shares are proposed to be listed on BSE and NSE, with the designated stock exchange to be confirmed in the Red Herring Prospectus.

The price band, minimum bid lot, and subscription dates will be announced in due course. The Offer includes a reservation of up to 10% for eligible ICICI Bank shareholders, with the balance constituting the Net Offer.

ICICI Prudential AMC will not receive any proceeds from the Offer. All proceeds, net of Offer-related expenses and applicable taxes, will be received by the Promoter Selling Shareholder.

For detailed information on financials, business operations, and associated risks, investors are advised to refer to the ICICI Prudential AMC IPO Red Herring Prospectus.

Industry Outlook

1. India’s asset management industry is undergoing a significant transformation, driven by rising investor participation, regulatory reforms, and the increasing popularity of systematic investment plans (SIPs). The sector has witnessed robust growth, with mutual fund assets under management (AUM) expanding steadily across equity, debt, and passive categories.
2. As of March 2025, SIP assets stood at ₹13.4 trillion, accounting for over 20% of the industry’s total AUM. The number of SIP accounts reached approximately 100.5 million, with an average monthly addition of 1.7 million accounts. The average SIP contribution per account was ₹28,780, reflecting growing retail investor engagement. SIP inflows contributed nearly 60% of total equity and equity-hybrid fund flows during FY25, underscoring their importance in driving AUM growth.
3. The industry is expected to benefit from continued financial literacy initiatives, digital adoption, and favourable demographics. SIP AUM is projected to grow at a compound annual growth rate (CAGR) of 25–27% between FY25 and FY30, further strengthening the retail investor base and enhancing long-term capital formation.
4. In parallel, the Alternative Investment Fund (AIF) segment has emerged as a key growth driver within private markets. Total commitments to AIFs reached ₹13.5 trillion as of March 2025, growing at a CAGR of approximately 29.8% since March 2019. Category II AIFs dominate the space, contributing 76.4% of total commitments. The AIF industry is expected to grow at a CAGR of 31–33% and reach ₹53–₹56 trillion by March 2030, fuelled by demand from high net worth individuals and institutional investors seeking differentiated investment strategies.
5. The competitive landscape remains dynamic, with 49 registered mutual funds in India as of March 2025. Key players include SBI Funds Management, HDFC AMC, Nippon Life AMC, Kotak Mahindra AMC, Aditya Birla Sun Life AMC, and UTI AMC. The industry also faces competition from insurance products, bank deposits, pension schemes, and alternative assets such as gold and real estate.
6. Asset managers are increasingly focusing on product innovation, digital distribution, and investor education to differentiate themselves in a crowded market. The evolving regulatory framework, including SEBI’s segmented approach to specialised investment funds, is expected to further shape the industry’s trajectory over the coming years.

ICICI Prudential AMC IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. The IPO aims to carry out an Offer for Sale of up to 17,652,090 equity shares of face value ₹1 each by the Promoter Selling Shareholder, Prudential Corporation Holdings Limited. This enables partial divestment of its stake in the company.
2. The listing of equity shares on recognised Indian stock exchanges (BSE and NSE) is expected to enhance corporate visibility, improve brand image, and provide liquidity to existing shareholders through a public market.
3. Transitioning to a publicly listed entity is anticipated to foster investor confidence, improve access to capital markets, and support long-term growth through enhanced governance standards.
4. Although the company will not receive any proceeds from the Offer, it will initially bear Offer-related expenses for administrative convenience. These will be reimbursed by the Promoter Selling Shareholder and include listing fees, legal costs, registrar fees, and marketing expenses.

About ICICI Prudential AMC Limited

ICICI Prudential Asset Management Company Limited was originally incorporated as ICICI Asset Management Company Limited on June 22, 1993, under the Companies Act, 1956. The company was subsequently renamed Prudential ICICI Asset Management Company Limited on March 26, 1998, and later adopted its current name on January 17, 2007, following shareholder and board approvals.

The company operates as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, combining the financial services expertise of ICICI Bank with Prudential’s global insurance and asset management capabilities. ICICI Bank is a diversified financial institution with interests across banking, insurance, asset management, investment banking, and private equity. Prudential, established in 1848, is a leading life and health insurer with operations across 24 markets in Asia and Africa.

ICICI Prudential AMC is engaged in the management of mutual funds, portfolio management services (PMS), alternative investment funds (AIFs), and offshore advisory services. As of March 31, 2025, the company served approximately 14.6 million customers and managed a total quarterly average assets under management (QAAUM) of ₹9,432.8 billion, including ₹8,794.1 billion in mutual funds and ₹638.7 billion in alternates.

The company offers a wide range of investment products across asset classes, tailored to meet diverse investor objectives and risk profiles. Its mutual fund portfolio includes 135 schemes, comprising equity, debt, passive, fund-of-fund, liquid, overnight, and arbitrage categories. ICICI Prudential AMC is recognised as the largest asset manager in India by active mutual fund QAAUM.

With its registered office in New Delhi and corporate headquarters in Mumbai, the company continues to build on its legacy of innovation, investor trust, and operational excellence. Through its listing, ICICI Prudential AMC aims to further enhance transparency, governance, and access to capital markets, positioning itself for sustained growth in India’s evolving financial landscape.

How To Check the Allotment Status of the ICICI Prudential AMC IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for ICICI Prudential AMC IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the ICICI Prudential AMC IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of ICICI Prudential AMC IPO

Registered Office: 12th Floor, Narain Manzil, 23, Barakhamba Road, New Delhi – 110001, Delhi, India.

Phone: +91 22 2651 5000

 E-mail: amcinvestors@icicipruamc.com

ICICI Prudential AMC IPO Reservation

ICICI Prudential AMC IPO Promoter Holding

The promoters of the company are ICICI Bank Limited and Prudential Corporation Holdings Limited.

Key Performance Indicators for ICICI Prudential AMC IPO

The market capitalisation of ICICI Prudential AMC IPO is ₹284.50 Cr.

ICICI Prudential AMC IPO Prospectus

• ICICI Prudential AMC IPO DRHP

ICICI Prudential AMC IPO Registrar and Lead Managers

• Citigroup Global Markets India Private Limited
• ICICI Securities Limited
• Morgan Stanley India Company Private Limited
• Goldman Sachs (India) Securities Private Limited

Registrar for ICICI Prudential AMC IPO

KFin Technologies Limited

• Contact Number: +91 40 6716 2222 / 1800 309 4001
• Email Address: ipo@kfintech.com

ICICI Prudential AMC IPO Registrar

Financial Performance of ICICI Prudential AMC Limited

ICICI Prudential AMC Limited Peer Details Comparison

Strengths and Opportunities of ICICI Prudential AMC IPO

1. Largest asset manager in India by active mutual fund QAAUM with a 13.3% market share.
2. Offers 135 mutual fund schemes across equity, debt, passive, and hybrid categories.
3. Joint venture between ICICI Bank and Prudential Corporation Holdings, combining domestic and global expertise.
4. Presence across 264 offices and 106,475 mutual fund distributors nationwide.

Risks and Threats of ICICI Prudential AMC IPO

1. Adverse economic conditions may reduce AUM and impact management fee income.
2. Poor investment returns could lead to investor withdrawals and reduced inflows.
3. Non-compliance with SEBI regulations may result in penalties or operational restrictions.
4. Staff turnover, especially among senior management, may affect continuity and performance.