ICICI Prudential AMC IPO Gets Final Sebi Nod: Issue Size, Valuation, Expected Date And Other Key Details To Know

ICICI Prudential Asset Management Company (AMC), a subsidiary of ICICI Bank, has received regulatory approval to raise funds through its much-awaited initial public offering (IPO). The country's second-largest asset manager by assets under management (AUM) had filed its draft red herring prospectus (DRHP) with market regulator Sebi more than four months ago on July 8, 2025.

The IPO will be managed by a 18-bank syndicate led by Citi, Morgan Stanley, BofA Securities, Axis Capital and CLSA. Other book runners include IIFL Capital, Kotak Mahindra Capital, Nomura, SBI Caps, ICICI Securities, Goldman Sachs, Avendus, BNP Paribas, HDFC Bank, JM Financial, Motilal Oswal, Nuvama and UBS. KFin Technologies is the registrar.

ICICI Prudential AMC IPO Issue Size, Valuation

According to a PTI report, the AMC aims to raise Rs 10,000 crore through its IPO. Its DRHP states that the IPO will be a 100 per cent offer-for-sale (OFS) by the UK-based promoter Prudential Corporation Holdings Limited, with no fresh issue component. The promoter will be offloading 17.65 million equity shares of face value Re 1 per share, or 10 per cent of the company’s stakes.

ICICI Prudential AMC is aiming for a valuation of $12-12.5 billion (Rs 1.07-1.11 lakh crore) for its upcoming IPO, according to a Moneycontrol report, making it one of the largest listings within the financial services sector.

ICICI Prudential AMC IPO Expected Date

According to a Kotak Securities report, the AMC plans to list the shares in the third week of December.

Post successful debut, ICICI Prudential AMC will be the fifth group firm to list on the Indian stock market after ICICI Bank, ICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company and ICICI Securities.

ICICI Prudential AMC Financial Performance

ICICI Prudential AMC reported a total income of Rs 4,979.67 crore in FY25, up from Rs 3,761.21 crore in FY24 and Rs 2,838.18 crore in FY23, posting a three-year compounded annual growth rate (CAGR) of 27.10 per cent.

Profit after tax (PAT) grew to Rs 2,650.66 crore in FY25, from Rs 2,049.73 crore in FY24 and Rs 1,515.78 crore in FY23, a CAGR of 26.80 per cent.

Ebitda increased to Rs 3,636.99 crore in FY25, up from Rs 2,780.01 crore in FY24 and Rs 2,072.58 crore in FY23, a CAGR of 28.70 per cent.

The company’s net worth stood at Rs 3,516.94 crore, as of March 31, 2025.

As of March 31, 2025, ICICI Prudential Mutual Fund’s average AUM stood at Rs 9.15 lakh crore, according to its latest annual report. The company manages more than 25 strategies under its portfolio management services and 22 active funds under its Alternative Investment Fund business.

In fiscal 2025, the fund launched eleven new open-ended schemes, including three equity schemes, four exchange-traded funds (ETFs), and four index funds.