ICICI Prudential AMC's ₹10,600cr IPO: What you need to know
ICICI Prudential Asset Management Company is opening its ₹10,600 crore IPO from December 12-16, offering 48.79 million shares at ₹2,061-₹2,165 each.
After the listing on December 19, ICICI Bank will hold a 53% stake immediately post-listing to allow for future ESOP dilution, after which its stake will remain above 51%, even as Prudential Corporation Holdings sells more shares.
So, what does ICICI Prudential AMC actually do?
They're India's largest active equity fund manager with over 30 years in the game.
As of September 2025, they manage 143 investment schemes—ranging from equities (55.8%) to debt and liquid funds (26.1%), plus passive and alternative strategies (18%).
Their alternatives business has grown big too—now at ₹72,930 crore—with a strong network of 272 branches and over 110,000 mutual fund distributors.
Growth highlights
Even with regulatory fee caps making things tougher for the industry, ICICI Prudential AMC kept its revenue steady thanks to its focus on equities and alternatives.
From FY23 to FY25, their average assets under management grew by nearly a third each year (32.7% CAGR), net profit jumped by 32%, and their return on equity hit an impressive 82.8% in FY25—well ahead of most rivals.