ICICI Prudential AMC IPO Receives Final Approval from SEBI

ICICI Prudential Asset Management Company Limited (ICICI Prudential AMC) has received final approval from SEBI for its initial public offering.  

The Mumbai-based AMC is set to launch the IPO via an offer for sale by its promoter, Prudential Corporation Holdings, following a significant bonus issuance that boosts its equity capital. 

ICICI Prudential AMC to Launch IPO After SEBI Approval 

On December 1, 2025, ICICI Prudential AMC secured final clearance from the Securities and Exchange Board of India (SEBI) to proceed with its IPO. The offer is structured as an offer for sale (OFS) by promoter Prudential Corporation Holdings.  

The IPO will see the promoter offload up to 49,425,852 equity shares of face value ₹1 each. This comes after a proposed bonus issuance that will increase the company’s equity base substantially. 

According to the red herring prospectus, the company's equity capital will expand from 176,520,900 shares to 494,258,520 shares of ₹1 each post-bonus. This capital restructuring lays the groundwork for the promoter to initiate the offer for sale, targeting a wide base of investors. 

India’s Leading AMC by QAAUM and Investor Base 

ICICI Prudential AMC has been operational since 1998 and is a joint venture between ICICI Bank and Prudential Corporation Holdings. As of March 31, 2025, it stood as India’s largest asset manager with mutual fund quarterly average assets under management (QAAUM) of ₹8,79,410 crore and a 13.3% market share.  

It continues to dominate equity-oriented schemes, holding the highest market share—13.4% in that category. The company is also a leader in hybrid equity schemes, recording a market share of 25.3% in QAAUM for that segment as of March 31, 2025.  

Individual investors play a crucial role in its growth, contributing ₹5,65,820 crore to its mutual fund monthly average AUM—a 13.8% share, the highest in the industry. 

Read More: FPI Inflow in Indian IPOs Stood at $1.3 Billion in November 2025! 

Strong Financials and Expanding Investment Platform 

For FY25, ICICI Prudential AMC reported revenue from operations of ₹4,977.3 crore, reflecting a significant rise from ₹2,837.4 crore in FY23. Net profit almost doubled, reaching ₹2,650.6 crore compared to ₹1,515.8 crore in FY23.  

The company also manages a growing alternatives platform, including portfolio management services, alternative investment funds and offshore advisory mandates. 

Conclusion 

With SEBI’s final nod, ICICI Prudential AMC is positioned to go public through a significant offer for sale. The company has showcased consistent growth in assets under management and profitability, underlining its dominant position in the Indian mutual fund space. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.