ICICI Pru AMC's Rs 10,700 cr IPO to open next week
ICICI Prudential Asset Management Company, which is India's most profitable AMC and the largest by active assets under management (AUM), is planning to launch its Rs 10,700 crore IPO next week, according to sources familiar with the matter.
The IPO, which is likely to value the fund house at a valuation of Rs 107,000 crore, will see UK-based Prudential selling 10% stake. The IPO is entirely an offer for sale (OFS) and will likely open for public subscription next week.
The company will announce its price band on December 8 after final discussions, according to sources.
ICICI Prudential AMC is a joint venture between ICICI Bank and Prudential Corporation Holdings Limited, operating since 1998. ICICI Bank holds 51% of the joint venture, while Prudential owns the rest.
The company is the largest asset management company in India in terms of active mutual fund quarterly average assets under management (QAAUM) with a market share of 13.3% as of March this year. Its total QAAUM was Rs 8.8 lakh crore at the end of FY25.
The company had the highest market share of equity and equity- oriented schemes QAAUM, of 13.4% across asset management companies in India, according to a CRISIL report. Its equity-oriented hybrid schemes also had the largest market share in India.
Its profit after tax has grown at a CAGR of 32.2% from FY23-25 to Rs 2,650.6 crore and is the most profitable AMC in India by operating profit before tax which has grown at an impressive CAGR of 32% in the last 3 years to Rs 3,240 crore.
Last week, markets regulator Sebi had approved the IPO.
ICICI Prudential AMC IPO would be the fourth Rs 10,000-crore-plus issue in India to be launched this calendar year after HDB Financial (Rs 12,500 crore), Tata Capital (Rs 15,512 crore) and LG Electronics (Rs 11,605 crore).
Till November, India has seen 93 mainboard IPOs - the largest number of primary market issues since 2007. So far in the year, IPOs worth about Rs 1.54 lakh crore have hit Dalal Street and are on track to beat last year's record of Rs 1.6 lakh crore, according to Prime Database.
The IPO, which is likely to value the fund house at a valuation of Rs 107,000 crore, will see UK-based Prudential selling 10% stake. The IPO is entirely an offer for sale (OFS) and will likely open for public subscription next week.
The company will announce its price band on December 8 after final discussions, according to sources.
ICICI Prudential AMC is a joint venture between ICICI Bank and Prudential Corporation Holdings Limited, operating since 1998. ICICI Bank holds 51% of the joint venture, while Prudential owns the rest.
The company is the largest asset management company in India in terms of active mutual fund quarterly average assets under management (QAAUM) with a market share of 13.3% as of March this year. Its total QAAUM was Rs 8.8 lakh crore at the end of FY25.
The company had the highest market share of equity and equity- oriented schemes QAAUM, of 13.4% across asset management companies in India, according to a CRISIL report. Its equity-oriented hybrid schemes also had the largest market share in India.
Its profit after tax has grown at a CAGR of 32.2% from FY23-25 to Rs 2,650.6 crore and is the most profitable AMC in India by operating profit before tax which has grown at an impressive CAGR of 32% in the last 3 years to Rs 3,240 crore.
Last week, markets regulator Sebi had approved the IPO.
ICICI Prudential AMC IPO would be the fourth Rs 10,000-crore-plus issue in India to be launched this calendar year after HDB Financial (Rs 12,500 crore), Tata Capital (Rs 15,512 crore) and LG Electronics (Rs 11,605 crore).
Till November, India has seen 93 mainboard IPOs - the largest number of primary market issues since 2007. So far in the year, IPOs worth about Rs 1.54 lakh crore have hit Dalal Street and are on track to beat last year's record of Rs 1.6 lakh crore, according to Prime Database.
Next Story