ICICI Prudential AMC, India’s biggest asset management company, is all set to hit the stock market. The company has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an initial public offering (IPO). This move is creating a buzz in the financial world. Why? Because it’s bold—and 100% Offer for Sale (OFS). That means, no new shares will be issued, and the company itself won’t raise any fresh capital.
What’s the Deal?
ICICI Prudential AMC’s IPO is a pure OFS. British partner Prudential Corporation Holdings Ltd., which owns 10% of the company, will be selling up to 1,76,52,090 shares. So, the money raised from this IPO will go directly to Prudential, not to ICICI Prudential itself.
This kind of structure tells us one thing—the promoters are confident about the company’s value. They aren’t looking to raise funds, just to unlock value.
Who’s Managing the Show?
This IPO is being handled by some of the biggest names in finance. The book-running lead managers include:
- Citigroup Global Markets India Pvt Ltd
- Morgan Stanley India
- BofA Securities
- Axis Capital
- Kotak Mahindra Capital
- SBI Capital Markets
- Nomura
- IIFL Capital
- CLSA India
The registrar for the IPO has not yet been disclosed in public filings.
Also Read Post-IPO, Siemens Energy Taps Into Hidden Growth Potential
What’s in it for the Company?
Honestly? Nothing. Since it’s an OFS, ICICI Prudential AMC won’t get any of the proceeds. Everything goes to Prudential Holdings. But that doesn’t mean it’s not a win for the brand. Listing on the stock exchange brings more visibility, credibility, and investor interest.
The Numbers That Matter
Let’s talk business.
In FY25, ICICI Prudential AMC reported a 32.4% jump in revenue, reaching ₹4,977.3 crore, up from ₹3,758.2 crore the previous year. Its net profit stood at ₹2,650.66 crore. These are solid numbers. It shows the company has strong fundamentals and consistent growth.
Market Leader for a Reason
ICICI Prudential is not just big—it’s the largest AMC in India by quarterly average assets under management (QAAUM), holding a 13.3% market share. As of March 31, 2025, the total mutual fund QAAUM stood at a whopping ₹8,794.1 billion.
It caters to over 1.48 crore investors, managing 135 equity schemes, 20 debt funds, 56 passive plans, and more. This wide reach and diverse portfolio make it a trusted name among Indian investors.
Also Read Crizac IPO Jump Nearly 20% on Debut; Over 22 Lakh Shares Traded
