India’s mutual fund industry is set to witness one of its biggest public offerings as ICICI Prudential Asset Management Company (AMC) prepares to launch its Initial Public Offering (IPO) on December 12, 2025. The ₹10,602‑crore issue has generated significant buzz among investors, given the company’s strong market presence and its position as a subsidiary of ICICI Bank.
Key Details of the IPO
- Issue Size: ₹10,602 crore, entirely an Offer for Sale (OFS) of 4.89 crore shares by UK‑based Prudential Corporation Holdings.
- Price Band: ₹2,061–₹2,165 per equity share, face value ₹1.
- Bid Lot: Minimum of 6 shares, with bids allowed in multiples of 6.
- Subscription Dates: Opens on December 12, 2025, closes on December 16, 2025.
- Anchor Investor Bidding: Scheduled for December 11, 2025.
- Listing Date: Shares will list on BSE and NSE on December 19, 2025.
- Shareholder Quota: Up to 24.48 lakh shares reserved for eligible ICICI Bank shareholders.
Company Background
ICICI Prudential AMC is one of India’s leading asset management companies, managing a wide range of mutual funds, ETFs, and portfolio management services. It is jointly owned by ICICI Bank (51%) and Prudential Corporation Holdings (49%). Post‑listing, ICICI Prudential AMC will become the fourth ICICI group company to trade publicly, joining ICICI Bank, ICICI Prudential Life Insurance, and ICICI Lombard General Insurance.
The company has shown strong financial performance, reporting ₹4,979.67 crore revenue in FY2025, up from ₹3,761.21 crore in FY2024. Net profit also rose to ₹2,650.66 crore in FY2025, compared to ₹2,049.73 crore the previous year.
Significance of the IPO
The IPO is expected to be closely watched by retail and institutional investors alike. As India’s mutual fund industry continues to expand, ICICI Prudential AMC’s listing offers exposure to a sector benefiting from rising financial literacy, growing retail participation, and long‑term wealth creation trends.
However, since the issue is a pure OFS, the company itself will not receive any proceeds. Instead, the funds raised will go to the selling shareholder, Prudential Corporation Holdings. This means investors are betting on the company’s growth trajectory rather than immediate capital infusion.
Risks and Considerations
- Market Volatility: IPO performance will depend on broader equity market sentiment.
- Competition: The AMC industry is competitive, with rivals like HDFC AMC and SBI Mutual Fund.
- No Fresh Issue: Since proceeds go to the promoter, investors should evaluate long‑term fundamentals rather than short‑term gains.
The ICICI Prudential AMC IPO marks a significant milestone for India’s financial services sector. With a strong brand, proven track record, and robust financials, the offering is expected to attract considerable interest. Investors should weigh the company’s growth prospects against industry risks before subscribing.
