ICICI Prudential AMC IPO Dec 2025: GMP, Price Band, Dates & Full Review

icici-prudential-amc-ipo-dec-2025

 

The ICICI Prudential AMC IPO is one of the biggest public issues coming from India’s asset management industry, valued at ₹10,602.65 crore. This IPO is entirely an Offer for Sale, meaning existing shareholders are offloading 4.90 crore shares. Retail investors, HNIs and institutional buyers are closely watching the issue because the company is already one of India’s largest AMCs with more than 10,000 billion QAAUM as of September 2025.

The IPO opens on December 12, 2025, and closes on December 16, 2025, with a price band of ₹2061–₹2165 per share.

This blog gives you a complete breakdown of the ICICI Prudential AMC IPO, including financial performance, business strengths, valuation, risks, lot size, timeline, KPIs, and everything investors need to make an informed decision.

 

ICICI Prudential AMC IPO Key Details 2025

The following are the most important and key details about the ICICI Prudential AMC IPO:

ParticularDetails
 IPO Type Book Built Issue
 Fresh Issue Nil
 Offer for Sale ₹10,602.65 Cr (4.90 Cr Shares)
 IPO Open Date Fri, Dec 12, 2025
 IPO Close Date  Tue, Dec 16, 2025
 Price Band ₹2061–₹2165
 Face Value  ₹1
 Lot Size 6 Shares
 Listing  BSE, NSE
 Pre-Issue Shares 49.42 Cr
 Post-Issue Shares 49.42 Cr
 Market Cap (Pre-IPO) ₹1,07,006.97 Cr


ICICI Prudential AMC IPO Timeline

The following table shows the complete timeline of the ICICI Prudential AMC IPO:

EventDate
 IPO Opening Dec 12, 2025
 IPO Closing Dec 16, 2025
 Allotment Dec 17, 2025
 Refunds Thu, Dec 18, 2025 
 Shares to Demat Thu, Dec 18, 2025 
 Listing Dec 19, 2025
 UPI Cut-off  Dec 16, 2025 (5 PM)

 

ICICI Prudential AMC IPO Reservation

Here is how ICICI Prudential AMC has allocated shares among different investor categories:

Investor CategoryAllocation
 QIB Not more than 50%
 Retail Not less than 35%
 NII Not less than 15%

 

Investor Category Bidding Limits

The following table explains maximum bidding limits for each investor category:

CategoryMaximum Bidding LimitCut-off Allowed
 Retail Up to ₹2 Lakhs Yes
 sNII ₹2–10 Lakhs No
 bNII Above ₹10 Lakhs No
 Shareholder Up to ₹2 Lakhs Yes

Note: To apply in the shareholder quota, investors must hold shares of ICICI Bank Limited.

 

ICICI Prudential AMC IPO Lot Size

Here is the minimum and maximum investment a retail and HNI investor can make:

InvestorLotsSharesAmount
 Retail Min16₹12,990
 Retail Max1590₹1,94,850
 sNII Min1696₹2,07,840
 sNII Max76456₹9,87,240
 bNII Min77462₹10,00,230

 

About ICICI Prudential AMC Business Operations

Founded in 1993, ICICI Prudential AMC is among India’s largest and most diversified asset management companies. It manages mutual funds, PMS, AIFs and offshore advisory services. The company handles one of the broadest scheme portfolios in the Indian mutual fund industry with 143 schemes, covering equity, debt, passive, hybrid and arbitrage segments.

The AMC has a strong nationwide presence with 272 offices across 23 states and 4 Union Territories, supported by a 3,500+ employee workforce. Its business lines include:

  • Mutual Funds (Equity, Debt, ETFs, Index Funds)
  • Portfolio Management Services (multiple PMS strategies)
  • Alternative Investment Funds (Category II and III AIFs)
  • Offshore advisory and wealth management services

 

ICICI Prudential AMC Company Financials

The following financial tables highlight the company’s performance over the past years.

Financial Data of ICICI Prudential AMC

PeriodAssets (₹ Cr)Total Income (₹ Cr)PAT (₹ Cr)EBITDA (₹ Cr)Net Worth (₹ Cr)Reserves (₹ Cr)
Sep 20254,827.342,949.611,617.742,210.103,921.563,903.91
Mar 20254,383.684,979.672,650.663,636.993,516.943,432.85
Sep 20244,096.742,458.231,327.111,837.553,272.283,254.63
Mar 20243,554.093,761.212,049.732,780.012,882.842,798.75
Mar 20232,804.762,838.181,515.782,072.582,313.062,228.97

 

ICICI Prudential AMC Key Performance Indicators

These KPIs help investors understand profitability and valuation strength:

KPIValue
ROE82.80%
RoNW82.80%
EBITDA Margin0.36
P/B Ratio30.41
Pre-IPO EPS53.63
Post-IPO EPS65.46
Pre-Issue P/E40.37
Post-Issue P/E33.07

 

ICICI Prudential AMC Strengths

The following are the major strengths of ICICI Prudential AMC as mentioned in the RHP:

  • Largest asset management company in India by AUM
  • Strong individual investor base
  • Diversified scheme portfolio
  • Proven profitability and stable cash flows
  • Strong distribution network across India
  • Long-term industry presence with experienced management
  • Solid brand recall and trust from ICICI Group

 

ICICI Prudential AMC Risks

Investors should consider the following risks before applying:

  • 100% offer for sale means no fresh capital coming to the company
  • Highly regulated industry; changes by SEBI can impact margins
  • Market-linked revenue model depends heavily on market cycles
  • Intense competition from other large AMCs and new players
  • Profitability may fluctuate with AUM changes
  • Any decline in equity markets can directly affect income

 

ICICI Prudential AMC Promoters

Below are the promoters of ICICI Prudential AMC:

PromoterLinkedIn
ICICI Bank Limitedhttps://www.linkedin.com/company/icici-bank
Prudential Corporation Holdings Limitedhttps://www.linkedin.com/company/prudential

 

Conclusion

ICICI Prudential AMC is a profitable, well-established and dominant player in India’s mutual fund industry. With strong financials, high ROE, diversified business and wide distribution, the company stands out among AMC peers. However, this IPO is fully an OFS, which means the company will not receive fresh funds. Still, long-term investors looking for exposure to India’s growing asset management ecosystem may consider evaluating this IPO as part of their diversified portfolio.

 

Frequently Asked Questions

 

What is the ICICI Prudential AMC IPO?

The ICICI Prudential AMC IPO is a ₹10,602.65 crore offer for sale where existing shareholders are selling 4.90 crore shares without any fresh issue.

When does the ICICI Prudential AMC IPO open and close?

The ICICI Prudential AMC IPO opens on December 12, 2025, and closes on December 16, 2025.

What is the price band for the ICICI Prudential AMC IPO?

The ICICI Prudential AMC IPO price band is ₹2061 to ₹2165 per share.

What is the lot size for the ICICI Prudential AMC IPO?

The lot size for the ICICI Prudential AMC IPO is 6 shares.

How much does a retail investor need to invest in the ICICI Prudential AMC IPO?

A retail investor needs ₹12,990 to apply for one lot of the ICICI Prudential AMC IPO.

What is the ICICI Prudential AMC IPO allotment date?

The allotment for the ICICI Prudential AMC IPO will be announced on December 17, 2025.

When will the ICICI Prudential AMC IPO list?

The listing date for the ICICI Prudential AMC IPO is December 19, 2025.

Is ICICI Prudential AMC profitable?

Yes, ICICI Prudential AMC is a highly profitable company with strong ROE and consistent financial growth.

How can investors apply for the ICICI Prudential AMC IPO?

Investors can apply for the ICICI Prudential AMC IPO through any UPI-enabled brokerage like Zerodha, Groww, Angel One or Upstox.

Who is the registrar for the ICICI Prudential AMC IPO?

Kfin Technologies Ltd. is the registrar for the ICICI Prudential AMC IPO.


 

Author Image
Author: Diwakar Singh

 

Diwakar Kumar Singh is a certified SEO content writer and finance specialist with 7+ years of experience in the BFSI industry. He has written 1,000+ finance articles, published books across seven countries and authored research papers.

In 2018, he was awarded a Gold Medal in Marketing and Finance from IMT Hyderabad. He combines analytical strength with clear communication. Diwakar simplifies complex financial concepts, decodes unlisted shares, analyses IPOs, ratios and company profiles and delivers evidence-backed insights that help investors make informed decisions. communication.

 

Beyond finance, Diwakar is a dedicated fitness enthusiast and the founder of TheFitnessJournal. He also holds a nutrition certification from ISSA, USA, and writes about health, nutrition and science-backed wellness in a simple and approachable style. His ability to excel in two demanding fields makes him a versatile creator committed to clarity, accuracy and meaningful impact.

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