The ICICI Prudential AMC IPO will be launched through the book-building process. It will have a total of 4,89,72,994 shares amounting to ₹10,602.65 Crore, and face value of ₹1 per share. The IPO opens on December 12, 2025 and closes on December 16, 2025. The allotment is scheduled on December 17, 2025. The IPO will list on both BSE and NSE on December 19, 2025.
The price band is ₹2061 to ₹2165, and the lot size is 6 shares. For retail investors, the minimum bid amount is ₹12,990. The sNII category will have to bid for a minimum of 16 lots with ₹2,07,840, while for bNII, this amount is ₹10,00,230 for 77 lots.
ICICI Prudential AMC IPO Details
The important details of this are as follows:
| Particulars | Details |
| Bidding Starts | December 12, 2025 |
| Bidding Ends | December 16, 2025 |
| Face value | ₹1 per share |
| Price Band | ₹2061 to ₹2165 |
| Issue Price | – |
| Lot Size | 6 Shares |
| Offer for sale (OFS) | 4,89,72,994 shares (₹10,602.65 Crore) |
| Fresh issue | |
| Issue Type | Bookbuilding IPO |
| Listing at | BSE, NSE |
| Total Issue Size | 4,89,72,994 shares (₹10,602.65 Crore) |
| Reserved for Market Maker | – |
| Net Offered to Public | – |
| Minimum Investment | ₹12,990 |
| Retail Discount | – |
ICICI Prudential AMC IPO Timeline
The ICICI Prudential AMC IPO will have the following schedule:
| Particulars | Details |
| IPO Opens | December 12, 2025 |
| IPO Closes | December 16, 2025 |
| Expected Allotment | December 17, 2025 |
| Initiation of Refunds | December 18, 2025 |
| Credit of Shares to Demat | December 18, 2025 |
| Expected Listing Date | December 19, 2025 |
| UPI mandate cut-off time | 5 PM on December 16, 2025 |
ICICI Prudential AMC Key Performance Indicator
The ICICI Prudential AMC Key Performance Indicators (KPIs) are as follows:
| KPIs | FY 2023 | FY 2024 | FY 2025 |
| ROE (%) | 70.0 | 78.9 | 82.8 |
| ROCE (%) | – | – | – |
| Debt Equity (times) | – | – | – |
| RoNW (%) | 70.0 | 78.9 | 82.8 |
| PAT Margin (%) | – | – | – |
| EBITDA margin (%) | – | – | – |
| Price Book Value | – | – | – |
ICICI Prudential AMC IPO Financials
The financials of ICICI Prudential AMC IPO are given below:
| Particulars (₹ in million) | 2023 | 2024 | 2025 |
| Revenue | 28,381.8 | 37,582.3 | 49,796.7 |
| Total Asset | 28,047.6 | 35,540.9 | 43,836.8 |
| Profit | 15,157.8 | 20,497.3 | 26,506.6 |
ICICI Prudential AMC IPO Subscription Status
ICICI Prudential AMC India IPO shares subscription is as follows:
| Day | NII | Individual Investor | Total |
| Day 1 | 0.38 | 0.21 | 0.73 |
| Day 2 | – | – | – |
| Day 3 | – | – | – |
ICICI Prudential AMC IPO Grey Market Premium (GMP Today)
The ICICI Prudential AMC IPO GMP stands at ₹221 today, indicating positive investor response from the grey market. The premium has been increasing over the past three days, reflecting optimistic market sentiment ahead of the listing.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 12-12-2025 | ₹221 | ₹2386 | 10.21% | Increasing |
| 11-12-2025 | ₹150 | ₹2315 | 6.93% | Increasing |
| 10-12-2025 | ₹119 | ₹2284 | 5.50% | – |
Note: The GMP (Grey Market Premium) figures are taken from the grey market. They can fluctuate with changes in investor demand and market sentiment.
ICICI Prudential AMC IPO Reservation
The shares of this IPO are reserved in the following manner:
| Investor Category | No. of Shares Offered |
| Market Maker | |
| QIB Shares | 93,04,869 |
| NII (HNI) Shares | 69,78,652 |
| Retail Shares | 1,62,83,521 |
| Shareholders Shares | 24,48,649 |
ICICI Prudential AMC IPO Lot Size
The given lot sizes are available for investors as per their category:
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Minimum) | 1 | 6 | ₹12,990 |
| Individual investors (Retail) (Maximum) | 15 | 90 | ₹1,94,850 |
| S-HNI (Minimum) | 16 | 96 | ₹2,07,840 |
| S-HNI (Maximum) | 76 | 456 | ₹9,87,240 |
| B-HNI (Minimum) | 77 | 462 | ₹10,00,230 |
ICICI Prudential AMC IPO Anchor Investors Details
The details of ICICI Prudential AMC IPO Anchor Investors are as follows:
| Particulars | Details |
| Anchor Bidding Opens | December 11, 2025 |
| Shares Offered | – |
| Portion Size | Up to 60% of QIB portion |
| Lock-in of 50% shares (30 days) | Till January 16, 2026 |
| Lock-in of remaining shares (90 days) | Till March 17, 2026 |
ICICI Prudential AMC IPO Prospectus
The following documents provide more information about the IPO:
| Draft Red Herring Prospectus (DRHP) | |
| Red Herring Prospectus (RHP) | |
| Anchor Investors | – |
| Final Prospectus | Not Disclosed |
About ICICI Prudential AMC
ICICI Asset Management Company was founded in 1993. After 5 years, the company was converted into a joint venture between ICICI Bank Limited and Prudential Limited. As per the FY 2025 reports, the company serves a customer base of over 14.6 million across 135 mutual fund schemes. The company also offers Alternative Investment Funds (AIF), offshore advisory services, and Portfolio Management Services (PMS). Under the leadership of Mr. Nimesh Shah as Managing Director, the company’s experienced management team and strong operational capabilities continue to reinforce its position in the organised asset management industry.
Headquartered in Mumbai, Maharashtra, ICICI Prudential AMC operates across India with a strong distribution network of 264 offices spread across 23 states and 4 union territories, competing with leading AMCs such as HDFC AMC, SBI Funds Management, and Nippon India AMC. With a diversified product mix, a nationwide distribution system, and consistent profitable growth, the company has established itself as one of the largest AMCs in India.
| Book running lead manager (s) | Citigroup Global Markets India Pvt.Ltd.CLSA India Pvt.Ltd.IIFL Capital Services Ltd.BOFA Securities India Ltd.Kotak Mahindra Capital Co.Ltd.Morgan Stanley India Co.Pvt.Ltd.Axis Capital Ltd.Nomura Financial Advisory & Securities (India) Pvt.Ltd.Avendus Capital Pvt.Ltd. SBI Capital Markets Ltd.ICICI Securities Ltd.Goldman Sachs (India) Securities Pvt.Ltd.Motilal Oswal Investment Advisors Ltd. Nuvama Wealth Management Ltd.UBS Securities India Pvt.Ltd.BNP ParibasHDFC Bank Ltd.JM Financial Ltd. |
| Registrar of the issue | Kfin Technologies Ltd. |
Objectives of the ICICI Prudential AMC
The company will use the raised capital to work towards the following objectives:
| S.No. | Objectives | Amount (in ₹) |
| 1. | – | – |
Strengths Of ICICI Prudential AMC
ICICI Prudential AMC stands out as one of India’s most trusted asset management companies, backed by strong market leadership, a diverse product mix, and a strong distribution network.
1. Market Leadership
ICICI Prudential AMC is one of India’s largest asset managers with the highest market share in active mutual funds, supported by strong performance across equity, hybrid, and PMS categories.
2. Diversified Product Portfolio
The company manages over 135 mutual fund schemes, offering products across equity, debt, ETFs, PMS, and offshore advisory, catering to different investor profiles and market cycles.
3. Multi-Channel Distribution
A robust network of 264 branches, 23 states, 4 UTs, 106,000+ MFDs, national distributors, ICICI Bank branches, and strong digital platforms, the company has nationwide reach and easy access to investors.
4. Experienced Team
With Mr. Nimesh Shah at the helm, and more than 30 years of industry experience, ICICI Prudential AMC is backed by a highly experienced team of Chief Investment Officers (CIOs), fund managers, and research professionals. This has given the company a strong track record of disciplined fund management, consistent performance, and product innovation.
Risk of ICICI Prudential AMC
ICICI Prudential AMC faces several industry and operational risks that could impact its growth, profitability, and investor confidence.
1. Regulatory Risk
ICICI Prudential AMC operates in a tightly regulated sector. Any new SEBI rules, fee caps, or compliance requirements can increase costs or restrict operations.
2. Market Volatility
The company’s revenue depends heavily on market conditions. Any fall in equity markets, interest-rate changes, or weak investor sentiment can reduce the AUM and directly impact management fees.
3. Rising Competition
New AMCs, fintech platforms, and low-cost options are increasing pressure on fees and market share, forcing the company to innovate faster.
4. Third-Party Dependence
The company relies on distributors and digital platforms for its operations. Any disruption, IT failure, or cyber incident can affect investor trust and slow down the business.
ICICI Prudential AMC IPO Review
The ICICI Prudential AMC IPO comes at a time when India’s Banking, Financial Services, and Insurance (BFSI) sector is on the rise. The company stands out for its strong industry leadership, wide product range, and a trusted customer base. Its nationwide distribution network and experienced leadership under MD Nimesh Shah further strengthen its long-term growth outlook. While market volatility and regulatory changes remain key risks, the IPO may appeal to investors seeking stability and brand-backed credibility.
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ICICI Prudential AMC IPO FAQs
The ICICI Prudential AMC IPO is a mainboard IPO of 1,76,52,090 shares.
You can apply for the ICICI Prudential AMC IPO through your broker’s IPO section using the UPI or ASBA facility in your bank.
The ICICI Prudential AMC IPO looks promising, backed by strong market leadership, a wide product portfolio and experienced leadership. This IPO is an attractive option for long-term investors.
As the GMP isn’t available yet, the expected returns can’t be estimated. They will be clearer once grey-market trends begin.
The IPO opening date hasn’t been announced yet and will be declared soon.
The lot size will be confirmed once official IPO details are released.
The allotment date has not been announced. It will be updated once the full IPO timeline is published.
The listing date is yet to be declared and will be confirmed after the allotment schedule is finalised.
