of ICICI Prudential Asset Management Company saw an overwhelming response on the final day of bidding, getting subscribed 39.17 times, led by massive demand from institutional investors.
Qualified institutional buyers segment was subscribed 123.87 times, while non-institutional investors subscribed 22.04 times. Retail investors also participated steadily, with their portion subscribed 2.53 times. The shareholder reservation portion recorded 9.75 times subscription.
, before seeing a sharp pickup in demand on the final day.
The ₹10,602-crore IPO is entirely an offer-for-sale of over 4.89 crore equity shares by promoter Prudential Corporation Holdings of the UK. As the issue is a pure OFS, ICICI Prudential AMC will not receive any proceeds from the offering, and the transaction is aimed at providing partial exit to the foreign promoter. The asset manager had raised ₹3,022 crore from anchor investors ahead of the public issue, setting a firm base for the offering.
The IPO was priced in a band of ₹2,061 to ₹2,165 per share, valuing ICICI Prudential AMC at around ₹1.07 lakh crore.
At present, ICICI Bank holds a 51 per cent stake in the AMC, while Prudential Corporation Holdings owns the remaining 49 per cent.
Brokerage firms have largely viewed the IPO positively, citing the company’s strong brand, leadership position in the domestic mutual fund industry, and consistent profitability. Most analysts have recommended the issue for long-term investors, though they have cautioned that near-term listing gains may be moderate given the company’s large size and premium valuation.
Shares of ICICI Prudential AMC are expected to debut on the NSE and BSE on December 19, 2025, subject to finalisation of allotment and completion of other formalities.