ICICI Prudential Asset Management Company (AMC) is one of India’s leading asset managers, known for its disciplined investment philosophy of managing risk first and focusing on long-term wealth creation for investors. Backed by ICICI Bank and Prudential PLC, the AMC offers a diversified suite of investment solutions across mutual funds, PMS, AIFs and offshore advisory.
As of September 30, 2025, the company has an active Quarterly Average Asset Under Management (QAAUM) of ₹10,147.6 billion, making it one of the largest and fastest-growing AMCs in the country. The AMC continues to outperform industry growth rates across multiple asset classes.
ICICI Prudential AMC manages the highest number of schemes in India. As of September 30, 2025, the company manages 143 mutual fund schemes, including:
- 44 equity & equity-oriented schemes
- 20 debt schemes
- 61 passive schemes
- 15 domestic fund-of-funds
- 1 liquid scheme
- 1 overnight scheme
- 1 arbitrage scheme
Diversified Investment Services:
- Mutual Fund Business: Offers a wide range of products, including equity and debt funds, ETFs and index funds, arbitrage strategies, and liquid/overnight schemes.
- Portfolio Management Services (PMS): Provides specialised PMS strategies such as Contra, PIPE, Growth Leaders, Value, Large Cap, and ACE—designed for HNIs seeking customised, actively managed portfolios.
- Alternative Investment Funds (AIFs): Offers SEBI-registered Category II and III AIFs, catering to sophisticated investors looking for unique strategies and diversified asset allocation.
- Offshore Advisory Services: Delivers investment advisory solutions to international clients, leveraging the AMC’s research and fund management expertise.
ICICI Prudential AMC has a robust PAN-India presence with 272 offices across 23 states and 4 UTs, supported by 3,541 full-time employees (as of September 30, 2025). This extensive network enables deep reach across metros, semi-urban, and emerging markets.
ICICI Prudential Asset Management Company IPO – Details
| IPO Opening Date | 12 December 2025 |
| IPO Closing Date | 16 December 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 4,89,72,994 Shares Worth ₹10,602.65 Crore Offer For Sale: 4,89,72,994 Shares Worth ₹10,602.65 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹2061 – ₹2165 per share |
| Market Lot | 6 Shares |
| Min Order | 6 Shares [ 1 lot ] |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
ICICI Prudential Asset Management Company IPO – Date Schedule
| IPO Open Date | 12 December 2025 |
| IPO Close Date | 16 December 2025 |
| Basis of Allotment | 17 December 2025 |
| Initiation of Refund | 18 December 2025 |
| Credit of Shares to Demat Account | 18 December 2025 |
| IPO Listing Date | 19 December 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 16, 2025 |
ICICI Prudential Asset Management Company IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6 | ₹12,990 |
| Retail (Max) | 15 | 90 | ₹1,94,850 |
| S-HNI (Min) | 16 | 96 | ₹2,07,840 |
| S-HNI (Max) | 76 | 456 | ₹9,87,240 |
| B-HNI (Min) | 77 | 462 | ₹10,00,230 |
Competitive Strength
- Largest asset management company in India in terms of assets managed under active mutual fund schemes.
- Largest Individual Investor franchise in India in terms of mutual fund assets under management.
- Diversified product portfolio across asset classes.
- Pan-India, multi-channel and diversified distribution network.
- Consistent profitable growth track record.
- Experienced management and investment team.
Company Promoters
- ICICI Bank Limited
- Prudential Corporation Holdings Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2023 | ₹2,838.18 Cr | ₹831.01 Cr | ₹1,515.78 Cr |
| 31 March 2024 | ₹3,761.21 Cr | ₹1,063.10 Cr | ₹2,049.73 Cr |
| 31 March 2025 | ₹4,979.67 Cr | ₹1,446.62 Cr | ₹2,650.66 Cr |
| 30 September 2025 | ₹2,949.61 Cr | ₹800.13 Cr | ₹1,617.74 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 82.8% |
| RoNW | 82.8% |
| EBITDA Margin | 0.36% |
| Price to Book Value | 30.41 |
| Pre IPO | Post IPO | |
| EPS (₹) | 53.63 | 65.46 |
| P/E (x) | 40.37 | 33.07 |
Object Of The Issue
This IPO is a pure Offer for Sale (OFS), meaning all proceeds will go to the Promoter Selling Shareholder, after deducting offer-related expenses and applicable taxes. ICICI Prudential AMC will not receive any funds from the IPO.
The key objectives of the offer are:
- To facilitate the sale of up to 48,972,994 equity shares of face value ₹1 each by the Promoter Selling Shareholder.
- To list the company’s shares on the stock exchanges, enhancing visibility, brand value, and providing liquidity for shareholders.
ICICI Prudential Asset Management Company IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 5 | HDFC Asset Management Company Limited | 45.20 |
| 2 | 10 | Nippon Life India Asset Management Limited | 41.00 |
| 3 | 10 | UTI Asset Management Company Limited | 19.80 |
| 4 | 5 | Aditya Birla Sun Life AMC Limited | 22.50 |
✅Strengths
- Second largest AMC with ₹10,147.6 bn QAAUM.
- Largest in active QAAUM (13.3% share).
- Highest equity AUM market share (13.6%).
- Manages the most schemes in India (143 schemes).
- Highest individual investor AUM (₹6,610.3 bn).
- Most profitable AMC with 20% profit share.
- Largest PMS provider for domestic non-corporate clients.
- Strong product innovation (smart beta ETF, silver ETF, thematic funds).
⚠️Risks
- Revenue highly dependent on market performance.
- High concentration in top 5 equity schemes (53.4%).
- Exposed to frequent regulatory changes.
- Counterparty and foreign exchange exposure risks.
- Past audit observations on disputed tax dues.
- Some old corporate filings unavailable, may face future compliance issues.
ICICI Prudential Asset Management Company IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 90.09% |
ICICI Prudential Asset Management Company IPO Prospectus
- ICICI Prudential Asset Management Company IPO DRHP
- ICICI Prudential Asset Management Company IPO RHP
Company Contact Information
| ICICI Prudential Asset Management Co.Ltd. 12 th Floor, Narain Manzil, 23, Barakhamba Road, Delhi, New Delhi, 110001 Phone: 91 022 2651 5000 Email: amcinvestors@icicipruamc.com Website: http://www.icicipruamc.com/ |
ICICI Prudential Asset Management Company IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: icicipruamc.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
ICICI Prudential Asset Management Company IPO Lead Manager(s)
| 1. BNP Paribas 2. HDFC Bank Limited 3. JM Financial Limited 4. Axis Capital Limited 5. ICICI Securities Limited 6. CLSA India Private Limited 7. BofA Securities India Limited 8. IIFL Capital Services Limited 9. SBI Capital Markets Limited 10. Avendus Capital Private Limited 11. Nuvama Wealth Management Limited 12. UBS Securities India Private Limited 13. Motilal Oswal Investment Advisors Limited 14. Kotak Mahindra Capital Company Limited 15. Morgan Stanley India Company Private Limited 16. Goldman Sachs (India) Securities Private Limited 17. Citigroup Global Markets India Private Limited 18. Nomura Financial Advisory and Securities (India) Private Limited |
ICICI Prudential Asset Management Company IPO FAQs
| What is the ICICI Prudential Asset Management Company IPO? ICICI Prudential Asset Management Company IPO is a main-board IPO. The issue is priced at ₹2061 to ₹2165 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will ICICI Prudential Asset Management Company IPO open? The IPO is to open on 12 December 2025 for QIB, NII, and Retail Investors. |
| What is ICICI Prudential Asset Management Company IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the ICICI Prudential Asset Management Company IPO Size? ICICI Prudential Asset Management Company’s IPO size is ₹10,602.65 Crore. |
| What is the ICICI Prudential Asset Management Company IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 6 Shares with ₹12,990, while the maximum bid is 90 Shares with ₹1,94,850. |
| What is the ICICI Prudential Asset Management Company IPO Allotment Date? ICICI Prudential Asset Management Company IPO allotment date is 17 December 2025. |
| What is the ICICI Prudential Asset Management Company IPO Listing Date? The ICICI Prudential Asset Management Company IPO listing date is 19 December 2025. The IPO is to be listed on the BSE and NSE. |
