ICICI Prudential AMC's IPO: Quick lowdown
ICICI Prudential AMC is gearing up for its IPO from December 12-16, aiming to raise ₹10,603 crore.
They've already locked in ₹3,021.8 crore from 149 anchor investors.
Shares are priced between ₹2,061 and ₹2,165 each, with all proceeds going to existing shareholders as part of an offer-for-sale by UK-based Prudential.
What does ICICI Prudential AMC actually do?
Since 1998, this joint venture between ICICI Bank and Prudential has grown into India's second-largest asset manager, handling 143 mutual fund schemes across equity and passive funds.
Their reach is huge—over 272 branches and more than one lakh distributors—making investing accessible almost everywhere.
More details you might care about
ICICI Prudential AMC isn't just about mutual funds—they also offer portfolio management and alternative investment services.
Financially, they're on a roll: profits jumped 22% to ₹1,617.7 crore in the first half of FY25.
The company lists on December 19 and will join other big ICICI names like the bank itself and its insurance arms on the stock market.