Mumbai 1st December 2025 ( TGN ) : Mumbai-based ICICI Prudential Asset Management Company Ltd has received final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
The Company had filed its IPO papers with Sebi on 8 July, 2025.
The IPO consists of an offer for sale by promoter – Prudential Corporation Holdings.
As on the date of the RHP, the issued, subscribed and paid-up share capital of the Company is 17,652,090 shares of Rs 1. Post completion of the proposed bonus issuance, the issued, subscribed and paid-up Equity Share capital of our Company shall increase from 176,520,900 Equity Shares of face value of ₹ 1 each to 494,258,520 Equity Shares of face value of ₹ 1 each.
Subsequent to the proposed bonus issuance, if undertaken, the number of Offered Shares by Prudential Corporation Holdings shall be up to 49,425,852 Equity Shares of face value of ₹ 1 each.
ICICI Prudential AMC is a joint venture between ICICI Bank and Prudential Corporation Holdings Limited, operating since 1998. The company is the largest asset management company in India in terms of active mutual fund quarterly average assets under management (QAAUM) with a market share of 13.3% as of March 31, 2025 (Source: CRISIL Report). As of March 31, 2025, the company’s total mutual fund QAAUM was to ₹ 8,79,410 crore.
As of March 31, 2025, the company had the highest market share of equity and equity- oriented schemes QAAUM, of 13.4% across asset management companies in India (Source: CRISIL Report). Its equity-oriented hybrid schemes also had the largest market share in India, as of March 31, 2025, 2024 and 2023 (Source: CRISIL Report).
As of March 31, 2025, the company had the highest market share of equity- oriented hybrid schemes QAAUM, of 25.3% across the mutual fund industry (Source: CRISIL Report). As of March 31, 2025, its mutual fund monthly average asset under management (MAAUM) attributable to individual investors (comprising retail investors and high-net-worth individuals) (Individual Investors) was ₹ 5,65,820 crore.
This represented the highest Individual Investor MAAUM in the Indian mutual fund industry with a market share of 13.8% (Source: CRISIL Report). In addition to its mutual fund business, the company also has a growing alternates business comprising portfolio management services (PMS), management of alternative investment funds (AIFs) and advisory services to offshore clients (PMS, AIF and advisory, collectively Alternates).
The company’s revenue from operations was Rs 4,977.3 crore during FY 25 vis-à-vis Rs 2, 837.4 crore during FY 23. The company’s net profit was Rs 2,650.6 crore during FY 25 vis-à-vis Rs 1,515.8 crore during FY 23.
ICICI Securities, Citigroup Global Markets India, Morgan Stanley India Company, BofA Securities India, Axis Capital, CLSA India, IIFL Capital Services, Kotak Mahindra Capital Company, Nomura Financial Advisory and Securities (India), SBI Capital Markets, Goldman Sachs (India) Securities, Avendus Capital, BNP Paribas, HDFC Bank, JM Financial, Motilal Investment Advisors, Nuvama Wealth Management and UBS Securities India are the book-running lead manager; and KFin Technologies Limited is the registrar of the offer.
