SEBI clears ICICI Prudential AMC's ₹10,000cr IPO

Business Nov 27, 2025

SEBI has just approved the IPO of ICICI Prudential Asset Management Company.
This move lets Prudential Corporation Holdings sell 10% of its stake—about 1.76 crore shares—through an Offer for Sale worth roughly ₹10,000 crore.
The catch? The money goes to the selling shareholder, not directly to the AMC itself.

Why this matters

ICICI Prudential AMC is a big player—it's India's second-largest asset manager with a 13.3% market share and nearly ₹10 lakh crore under management as of March 2025.
This will be the fifth ICICI Group company to go public, showing how fast India's mutual fund scene is growing.
Eighteen merchant bankers—including names like Citibank and Goldman Sachs—are on board, and the official launch is expected next month.