ICICI Prudential AMC IPO

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ICICI Prudential AMC IPO

Finance - Asset Management
open
₹12,366Min. investment
  1. Pre-apply
    10 Dec
  2. Bid start
    12 Dec
  3. Bid end
    16 Dec
  4. Allotment
    17 Dec
  5. Release of funds
    18 Dec
  6. Demat transfer
    18 Dec
  7. Listing
    19 Dec

ICICI Prudential AMC Limited IPO Details

SectorFinance - Asset Management
Price range₹2,061 – ₹2,165
IPO type
Regular
Lot size6 shares
Issue size₹10,602Cr
Red Herring Prospectus
Read
Market Cap
₹1,07,006CrHigher than sector avg
RevenueApr 2024 - Mar 2025
₹4,977CrHigher than sector avg
Growth rate3Y CAGR
32.45%Higher than sector avg

ICICI Prudential AMC Limited IPO Overview

ICICI Prudential AMC IPO date

ICICI Prudential AMC IPO will open for subscription on December 12, 2025, and the closing date for the IPO is December 16, 2025. After this, investors are expected to be updated about the allotment status on December 17, 2025.

Investors who have been allotted shares can expect them to be credited to their demat account on December 18, 2025. The shares will be listed on the NSE and the BSE on Friday, December 19, 2025.

ICICI Prudential AMC IPO price band

The IPO includes a fresh issue and an offer for sale. The IPO price band has been set between ₹2,061 to ₹2,165 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising an offer for sale of ₹10,602.65 crore. ICICI Prudential Asset Management Company Innovations Limited IPO listing price will be determined on December 19, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.

ICICI Prudential AMC IPO lot size

ICICI Prudential Asset Management Company Innovations Limited IPO details have been declared. The minimum lot size for an application is 6 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹10,602.65 crore.

Checklist

Quality analysis
Revenue growth
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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹4,977Cr
This sector
₹768.51Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
32.45%
This sector
0.06%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹2,650Cr
This sector
₹422.99Cr
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Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹1,07,006Cr
This sector
₹26,425.05Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
40.39
This sector
27.43
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Objectives

Carry out the offer for sale
OFS ₹10,602.65 cr IPO — proceeds go entirely to selling shareholders.
Listing on stock exchanges
The company want to achieve the benefits of listing its shares on the stock exchanges.

Strength and Weakness

Largest asset manager with leadership in active fund

ICICI Prudential AMC is the largest asset management company in India in terms of active mutual fund QAAUM with a 13.3% market share as of September 30, 2025, and is the second largest overall with 13.2% market share. Equity and equity-oriented QAAUM have scaled to ₹4,87,650 crore as of FY25, growing at a strong 40% CAGR over FY23-25, outperforming industry growth (36.2% CAGR), supporting a higher fee-yielding asset mix.

Strong individual investor franchise

As of September 30, 2025, the highest Individual Investor MAAUM in India at ₹6.61 lakh crore with 13.7% market share. Individual Investors make up a high-yielding revenue base, accounting for 61.1% of total MAAUM and 85.7% of equity and equity-oriented schemes MAAUM. With systematic transactions, monthly flows rising to ₹4,800 crore in September 2025 from ₹2,350 crore in FY23, systematic flows remain strong and guarantee steady inflows and long-term retention.

Diversified multi-asset product suite

The company manages 143 mutual fund schemes, the highest in the industry. No single scheme contributes more than 7.1% of monthly QAAUM. Product breadth spans equity, debt, hybrids, ETFs, arbitrage, liquid funds, PMS and AIFs. Alternate QAAUM rose to ₹72,930 crore as of September 30, 2025. This improves cross-cycle performance and caters to varied investor risk-return profiles.

Pan-India omnichannel distribution network

With 272 offices spread across 23 states, 1,10,719 MFDs, 213 national distributors, and 67 banks, including ICICI Bank, contributing reach through 7,246 branches, the AMC has the longest omnichannel distribution network in the country. In the six months ending in September 2025, 1.2 million new customers were onboarded digitally, and 95.3% of purchases were completed online, indicating a high level of digital adoption.

Disciplined performance framework

The top equity schemes, Large Cap Fund and Balanced Advantage Fund, have reported superior benchmark-beating returns over three and five-year horizons due to strong risk governance and disciplined asset allocation frameworks. Throughout market cycles, the company’s "three-line control" ensures strong regulatory compliance and risk-adjusted decision-making.

About ICICI Prudential AMC Limited

ICICI Prudential AMC is one of the oldest asset management companies in India, with a history of over 30 years. The company is a joint venture between ICICI Bank and Prudential Corporation Holdings Limited, which is a leading life and health insurer with more than 1.8 crore customers across 24 Asian and African markets. Its asset management wing, Eastspring, manages $258 billion ​‍​‌‍​‍‌​‍​‌‍​‍‌globally.
ICICI Prudential AMC is the top-ranked Indian asset management company with a 13.3% market share as of September 30, 2025, in terms of active mutual fund quarterly average assets under management (QAAUM). The company is managing the total mutual fund assets of ₹10.14 lakh crore and has 1.55 crore customers. In 30+ years of operating history in the asset management industry, the company has become the second-largest AMC and leader in the equity and equity-oriented schemes segments with 13.6% market share.
The company manage the largest number of schemes in the mutual fund industry with 143 schemes, including 44 equity and equity-oriented schemes, 20 debt schemes, 61 passive schemes, 15 domestic fund-of-funds, and other categories. The top three major funds with QAAUM are ICICI Prudential Balanced Advantage Fund (₹65,800 crore), ICICI Prudential Multi-Asset Fund (₹64,580 crore), and ICICI Prudential Value Fund (₹54,380 crore).
The company has 272 offices in 23 states and 4 union territories. The distribution ecosystem consists of 110,719 individual and institutional mutual fund distributors (MFDs), 213 national distributors, and 67 banks, including ICICI Bank, which the company uses to extend its reach through the bank's 7,246 branches. Direct sales are 27.1% of equity and equity-oriented QAAUM, whereas MFDs contribute 37.7%, national distributors 15.8%, ICICI Bank 8.3%, and other banks 11.1%.
With ₹6.61 lakh crore in monthly average AUM (MAAUM) and 13.7% market share and over 60 lakhs investors, the company has created the largest Indian Individual Investor franchise, which accounts for 61.1% of the total mutual fund MAAUM and 85.7% of equity-oriented schemes. Systematic​‍​‌‍​‍‌​‍​‌‍​‍‌ transaction flows stood at ₹4,800 crore in September 2025, which is more than twice what they were at ₹2,350 crore in March 2023. There are 64 lakhs investors of the company, each having at least one folio for systematic transactions, and 92.5% of systematic transactions are of more than 5 years of tenure, thus ensuring stable and predictable flows.
Apart from mutual funds, the company has an Alternates business with ₹72,930 crore QAAUM as of September 30, 2025, consisting of Portfolio Management Services (PMS) with QAAUM of ₹25,290 crore, Alternative Investment Funds (AIFs) at ₹14,650 crore, and offshore advisory services at ₹32,910 crore. The PMS business is servicing 26,451 clients across 25 strategies, while AIFs cover equity strategies, private credit, long-short strategies, and real estate. The company provides Eastspring Investments with advisory services in the markets of Japan, Taiwan, Hong Kong, and Singapore.
The​‍​‌‍​‍‌​‍​‌‍​‍‌ Indian mutual fund market has been vibrant, and its growth has been strong over the past few years due to the financialisation of savings, the rising participation of retail investors, and the awareness of investors. The industry's active mutual fund QAAUM, as per the CRISIL report, grew at a CAGR of 28.9% from FY23 to FY25, thereby reaching a significant domestic investors' scale as they increasingly embrace mutual funds as a preferred investment vehicle. The equity and equity-oriented segment has been a major factor in the industry's growth, increasing at a CAGR of 36.2% during the same period.
The company has upgraded its technology stack by moving to a cloud-based infrastructure, releasing improved websites, and an 'i-Invest' mobile app (22 lakhs downloads). For H1FY26, 95.3% of purchase transactions (1.10 crore transactions) were completed digitally. The company is very active on social media platforms and has more than 40 lakhs YouTube subscribers on its Mutual Fund and ETF channels with over 1,400 videos. During the same period, the digital channels facilitated 12 lakhs new customer onboardings.
Now, ICICI Prudential Asset Management Company Innovations Ltd is launching its initial public offering (IPO), which consists of an offer for sale of ₹10,602.65 crore. Its shares will be listed on the NSE and BSE.

How to pre-apply for the ICICI Prudential AMC IPO?

You can pre-apply for the ICICI Prudential AMC IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  • Login to your Upstox account, using your six-digit PIN
  • After successfully logging in, click on ‘Discover’
  • On the Discover tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘ICICI Prudential AMC IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Pre-Apply’
  • Accept the mandate on your UPI app

How to apply for the ICICI Prudential AMC IPO?

If you are interested in this investment opportunity but unsure how to apply for the ICICI Prudential AMC IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the ICICI Prudential AMC IPO on Upstox:
  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘ICICI Prudential AMC IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

**How to check ICICI Prudential AMC IPO Allotment Status? **

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the ICICI Prudential AMC IPO allotment status:
  • Login to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, you will find the ‘View all’ option
  • Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  • In the ‘IPO’ tab, click on ‘My applications’
  • In ‘My applications’, under the History section, your ICICI Prudential AMC IPO allotment status will be mentioned

ICICI Prudential AMC IPO Subscription Status

Date
QIB
NII
Retail
Total
12-Dec-25 (Today)
0.0 times (X)
0.14 times (X)
0.12 times (X)
0.09 times (X)

Latest News on ICICI Prudential AMC IPO

news logo
ICICI Prudential AMC IPO: The initial share sale is solely an offer for sale of 17,652,090 equity shares by promoter selling shareholder Prudential Corporate Holdings Limited, according to the draft red herring prospectus (DRHP).

2 min read

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ICICI Prudential Asset Management Company, India's second-largest AMC, has initiated its IPO process, engaging a record 17 investment banks. The IPO, an offer for sale by Prudential, aims to raise around Rs 10,000 crore, with a potential valuation of $12 billion. It is expected to launch in Q3FY26, with ICICI Bank retaining its majority stake.
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ICICI Prudential AMC IPO: The ₹10,602.65 crore initial public offering consists only of an offer for sale of 48,972,994 shares by promoter Prudential Corporation Holdings Ltd.

3 min read

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ICICI Prudential AMC IPO: The ₹10,602.65 crore initial share sale is an offer for sale of 48,972,994 equity shares by promoter Prudential Corporation Holdings Ltd. Since there is no fresh issue component, the company will not get any proceeds from the IPO.

3 min read

Frequently asked questions

How to invest in the ICICI Prudential AMC IPO ?

Investors can apply for the ICICI Prudential AMC IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of ICICI Prudential AMC IPO ?

The issue size of the ICICI Prudential AMC IPO is 10602 Cr.

What is 'pre-apply' for ICICI Prudential AMC IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will ICICI Prudential AMC IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Bidding closes on 16 Dec 2025, 5:00 PM