The ICICI Prudential Asset Management Company (AMC) IPO opened on December 12, 2025. Investors are watching it closely. This is one of India’s biggest fundraisings this year.
The IPO is an offer for sale (OFS). Promoters are selling their shares. No fresh equity is being issued. The issue aims to raise around ₹10,602 crore. The price band is ₹2,061–₹2,165 per share, giving the AMC a valuation of about ₹1.07 lakh crore.
The subscription window will close on December 16. Shares are expected to list on December 19. On the first day, subscription was moderate. Retail and non‑institutional investors led the early bids. Institutional participation is expected to pick up in the coming days.
In the grey market, unlisted shares are trading at a premium of ₹150–₹177. This signals a potential listing gain of 7–8 percent. Grey market trends often hint at market sentiment. The current premium shows optimism for the IPO.
Before the public offer, the AMC raised more than ₹3,000 crore from anchor investors. Top domestic and international institutions took part. Analysts say this shows strong confidence and adds credibility to the IPO.
ICICI Prudential AMC is a joint venture between ICICI Bank (51%) and Prudential Corporation Holdings (49%). It is one of India’s largest asset managers. The company manages equity, debt, and hybrid funds. It serves both retail and institutional clients.
Experts say the IPO may attract medium- to long-term investors. Positive grey market signals and strong anchor support are encouraging. This IPO is the fifth ICICI Group company to list. It highlights growing investor appetite for established financial companies in India in 2025.
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