ICICI Prudential AMC raises ₹4,800cr ahead of IPO
ICICI Prudential Asset Management Company just raised ₹4,815 crore from 26 big investors before its IPO, which runs December 12-16.
Shares were priced at ₹2,165 each in this pre-IPO round.
What does ICICI Prudential AMC do?
They're India's largest asset manager, handling over ₹10 lakh crore in mutual fund assets.
The company offers everything from equity and debt funds to portfolio management and alternative investments.
They also reach investors through 272 branches, over 1 lakh distributors, and digital tools like the i-Invest app.
More on the IPO
The upcoming IPO is a full offer-for-sale by Prudential Corporation Holdings and is expected to attract both Indian and global investors—which saw pre-IPO participation from big names like SBI Life and HDFC Life.
Retail investors can apply for as few as six shares (about ₹12,366).
Share allotment wraps up on December 17; listing happens on December 19.