ICICI Prudential AMC makes a splashy stock market debut
ICICI Prudential Asset Management Company (AMC) kicked off its stock market journey with shares listing at a 20% premium—opening at ₹2,606.20 on BSE versus the ₹2,165 issue price.
The IPO was in huge demand, oversubscribed by 39 times overall, with institutional investors especially keen.
What does the company do?
ICICI Prudential AMC is India's biggest active asset manager, handling around ₹10.75 lakh crore as of November 2025.
They run 143 different investment schemes—think equity, debt, and more—and offer portfolio management and advisory services through their wide network of 272 offices.
Other key highlights
Investor interest was sky-high: non-institutional bids were 22 times oversubscribed and the retail portion was subscribed 2.53 times.
Anchor investors put in ₹3,022 crore ahead of time.
Financially, the company saw revenue jump 32% and profits rise 29% in FY25, with an impressive return on equity above 80%.
No wonder PL Capital gave it a pre-listing buy call with a ₹3,000 target price!