ICICI Prudential Asset Management Company made a strong debut on the stock exchanges on December 19, 2025, following robust demand in the primary market. The ₹10,603-crore IPO, which was open between December 12 and December 16, received 39 times subscription across investor categories.
Shares listed at ₹2,600 on the NSE, reflecting a 20.09% premium over the upper end of the price band of ₹2,165. On the BSE, the stock opened at ₹2,606.20, a premium of 20.38%, taking the company’s market capitalisation to ₹1,29,552.57 crore.
The initial public offering of ICICI Prudential AMC had a price band of ₹2,061–₹2,165 per share, positioning it among the largest issues in the asset management sector. The total issue size stood at ₹10,603 crore, attracting strong interest from qualified institutional buyers, non-institutional investors, and retail participants.
The IPO was subscribed 39 times, indicating significant confidence in the company’s fundamentals and growth prospects. The listing price of ₹2,600 on NSE and ₹2,606.20 on BSE marked a premium of over 20% compared to the upper price band, reinforcing the strength of investor demand.
ICICI Prudential AMC is India’s largest asset management company based on active mutual fund quarterly average assets under management (QAAUM). Its QAAUM stood at ₹10,147.6 billion, representing a market share of 13.3% in the industry.
The company serves 15.5 million customers and operates across multiple segments, including mutual funds, portfolio management services, alternative investment funds (AIFs), and offshore advisory mandates. ICICI Prudential AMC becomes the fifth ICICI Group entity to list on the exchanges, joining ICICI Bank, ICICI Prudential Life, ICICI Lombard, and ICICI Securities.
Post listing, ICICI Prudential AMC’s market capitalisation reached ₹1,29,552.57 crore, reflecting its position in India’s financial services sector. The premium listing underscores the scale of investor interest and the company’s leadership in the asset management industry.
The IPO also places ICICI Prudential AMC among other publicly traded asset managers such as HDFC AMC, UTI AMC, Aditya Birla Sun Life AMC, Shriram AMC, and Nippon Life India Asset Management. These developments highlight the growing depth of India’s capital markets and the increasing role of asset managers in wealth creation.
The successful listing of ICICI Prudential AMC comes amid rising investor participation in mutual funds and alternative investment products in India. The asset management industry has witnessed steady growth in QAAUM and customer base, supported by digital adoption and financial inclusion initiatives.
ICICI Prudential AMC’s entry into the listed space adds depth to the sector, which already includes major players offering diversified investment solutions. The company’s strong brand association with ICICI Group further reinforces its competitive advantage in a rapidly evolving market.
Read More: ICICI Prudential AMC IPO Draws ₹3 Lakh Crore in Bids, Becomes India’s Fourth Most-Subscribed Issue.
ICICI Prudential AMC’s debut at over 20% premium highlights strong investor confidence and the company’s leadership in India’s asset management industry. With a QAAUM of ₹10,147.6 billion and a customer base of 15.5 million, the firm commands a significant market share of 13.3%.
The ₹10,603-crore IPO and subsequent listing at ₹2,600 on NSE and ₹2,606.20 on BSE mark a notable milestone for the ICICI Group. The development also strengthens the presence of asset managers in India’s capital markets and reflects the sector’s growing importance.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 19, 2025, 10:27 AM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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