The initial public offering (IPO) of was subscribed 2.11 times on the second day of bidding, driven by strong interest from institutional and non-institutional investors, while retail participation remained muted.
Qualified Institutional Buyers (QIBs) have subscribed 2.91 times, non-institutional investors (NIIs) 3.79 times, and the shareholders’ quota was subscribed 2.84 times. The retail investors’ segment was subscribed 0.83 times.
The ₹10,602-crore IPO is entirely an offer-for-sale (OFS) of more than 4.89 crore shares by its promoter, UK-based Prudential Corporation Holdings. As the issue is a pure OFS, ICICI Prudential AMC will not receive any proceeds from the offering.
The company raised ₹3,022 crore from anchor investors ahead of the issue. It had fixed a price band of ₹2,061 to ₹2,165 per share, valuing the asset manager at about ₹1.07 lakh crore.
- Also read: ICICI Prudential AMC: Should you invest in the IPO?
The offer will conclude tomorrow, December 16, 2025. At present, ICICI Bank holds a 51 per cent stake in the AMC, while Prudential Corporation Holdings owns the remaining 49 per cent.
Shares will likely list on the NSE and BSE on December 19, 2025.
Upon listing, ICICI Prudential AMC will become the latest asset management company to debut on the Indian stock exchanges, joining listed peers such as HDFC AMC, UTI AMC, Aditya Birla Sun Life AMC, Shriram AMC and Nippon Life India Asset Management. It will also be the fifth ICICI Group entity to be listed, after ICICI Bank, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and ICICI Securities.