ICICI Prudential Asset Management Company Limited, one of India's largest fund houses, opened its initial public offering (IPO) on December 12, 2025. The public issue aims to raise ₹10,602.65 crore through an offer for sale. Investors showed moderate interest on the first day, with the IPO subscribed 0.72 times, or 72 percent, by the close of December 12. ## Major Offer for Sale The IPO, entirely an offer for sale (OFS), involves 48,972,994 equity shares. Pro^{[2][3][10][4][5][7]}moter Prudential Corporation Holdings (UK) is selling its stake, meaning ICICI Prudential AMC itself will not receive any funds from the issue. The^[3][4][7] price band for the shares is set between ₹2,061 and ₹2,165 per share. A minim^{[1][2][3][10][4][5][6][7]}um bid requires 6 shares, with additional applications accepted in multiples of this lot size. ICICI ^{[1][2][10][4][5][6][7]}Prudential AMC holds a significant position in the Indian asset management sector. As of March 31, 2025, it was the largest asset management company in India based on active mutual fund Quarterly Average Assets Under Management (QAAUM), with a 13.3 percent market share. The com^[5][11][12]pany also stands as the second-largest player in terms of overall QAAUM, holding a 13.0 percent market share. The fir^[5]m manages a wide array of investment products across various asset classes, catering to different investor needs and risk profiles. ### St^[4]rong Financials and Market Position The company has demonstrated robust financial performance in recent years. Its profit after tax surged from ₹1,515 crore in the financial year 2023 to ₹2,650 crore in financial year 2025. Total incom^[7][13]e for the financial year 2025 reached ₹4,980 crore. This growth h^[13]ighlights the company's strong profitability and operational efficiency. ICICI Pruden^[3][11][13]tial AMC is also recognized as the most profitable asset management company in India when considering operating profit before tax for the financial year 2025. Its strong le^[3][11]adership team brings deep industry knowledge, with the Managing Director and CEO having over 32 years of experience. The company’s^[3] investment team includes 50 professionals with an average of 20 years of experience. This experience^[3]d team contributes to consistent fund performance and steady asset under management growth. ### Investor I^[7]nterest and Outlook On the first day of bidding, Qualified Institutional Buyers (QIBs) showed the strongest interest, subscribing 1.97 times their allocated portion. Non-Institution^[3][8][9]al Investors (NIIs) subscribed 0.37 times, while the retail individual investors (RIIs) portion was subscribed 0.21 times. The shareholder^[3][8][9] quota saw 0.44 times bids. The overall sub^[3][8][9]scription reached 72 percent. The IPO is exp^[1][3][8][9]ected to finalize share allotments on December 17, 2025. The shares are ^{[2][10][4][5][6]}tentatively scheduled to list on both the BSE and NSE stock exchanges on December 19, 2025. Ahead of the IP^{[2][10][4][5][6]}O, the company raised ₹3,022 crore from anchor investors. Analysts have ge^[3]nerally recommended subscribing to the IPO for the long term. They point to the^[11][7][12] company's strong brand, leadership in the active mutual fund segment, and robust profitability. ICICI Prudential ^{[3][11][7][12]}AMC manages a broad individual investor franchise with approximately 14.6 million investor folios. This wide reach a^[4][13]cross urban and semi-urban India, coupled with a diversified product portfolio, underpins its strong market position. The company's pos^[4][13]t-issue market valuation is estimated at around ₹1.07 lakh crore.

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