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ICICI Prudential AMC IPO
38.68xsubscribed

ICICI Prudential AMC IPO

Finance - Asset Management
listed
₹12,366Min. investment

ICICI Prudential AMC Limited IPO Details

SectorFinance - Asset Management
Price range₹2,061 – ₹2,165
IPO type
Regular
Lot size6 shares
Issue size₹10,602Cr
Red Herring Prospectus
Read
Market cap
₹1,07,006CrHigher than sector avg
RevenueApr 2024 - Mar 2025
₹4,977CrHigher than sector avg
Growth rate3Y CAGR
32.45%Higher than sector avg

ICICI Prudential AMC IPO Subscription Status

Date
QIB
NII
Retail
Total
12-Dec-25
0.2 times (X)
0.37 times (X)
0.21 times (X)
0.71 times (X)
15-Dec-25
0.35X
3.76X
0.83X
1.98X
16-Dec-25
79.74X
21.7X
2.48X
38.68X

As on 12-Dec-25, 5:30 PM

ICICI Prudential AMC IPO Timeline

  1. Pre-apply
    10 Dec 2025
  2. Bid start
    12 Dec 2025
  3. Bid end
    16 Dec 2025
  4. Allotment
    17 Dec 2025
  5. Release of funds
    18 Dec 2025
  6. Demat transfer
    18 Dec 2025
  7. Listing
    19 Dec 2025

About ICICI Prudential AMC Limited

ICICI Prudential AMC is one of the oldest asset management companies in India, with a history of over 30 years. The company is a joint venture between ICICI Bank and Prudential Corporation Holdings Limited, which is a leading life and health insurer with more than 1.8 crore customers across 24 Asian and African markets. Its asset management wing, Eastspring, manages $258 billion ​‍​‌‍​‍‌​‍​‌‍​‍‌globally.
ICICI Prudential AMC is the top-ranked Indian asset management company with a 13.3% market share as of September 30, 2025, in terms of active mutual fund quarterly average assets under management (QAAUM). The company is managing the total mutual fund assets of ₹10.14 lakh crore and has 1.55 crore customers. In 30+ years of operating history in the asset management industry, the company has become the second-largest AMC and leader in the equity and equity-oriented schemes segments with 13.6% market share.
The company manage the largest number of schemes in the mutual fund industry with 143 schemes, including 44 equity and equity-oriented schemes, 20 debt schemes, 61 passive schemes, 15 domestic fund-of-funds, and other categories. The top three major funds with QAAUM are ICICI Prudential Balanced Advantage Fund (₹65,800 crore), ICICI Prudential Multi-Asset Fund (₹64,580 crore), and ICICI Prudential Value Fund (₹54,380 crore).
The company has 272 offices in 23 states and 4 union territories. The distribution ecosystem consists of 110,719 individual and institutional mutual fund distributors (MFDs), 213 national distributors, and 67 banks, including ICICI Bank, which the company uses to extend its reach through the bank's 7,246 branches. Direct sales are 27.1% of equity and equity-oriented QAAUM, whereas MFDs contribute 37.7%, national distributors 15.8%, ICICI Bank 8.3%, and other banks 11.1%.
With ₹6.61 lakh crore in monthly average AUM (MAAUM) and 13.7% market share and over 60 lakhs investors, the company has created the largest Indian Individual Investor franchise, which accounts for 61.1% of the total mutual fund MAAUM and 85.7% of equity-oriented schemes. Systematic​‍​‌‍​‍‌​‍​‌‍​‍‌ transaction flows stood at ₹4,800 crore in September 2025, which is more than twice what they were at ₹2,350 crore in March 2023. There are 64 lakhs investors of the company, each having at least one folio for systematic transactions, and 92.5% of systematic transactions are of more than 5 years of tenure, thus ensuring stable and predictable flows.
Apart from mutual funds, the company has an Alternates business with ₹72,930 crore QAAUM as of September 30, 2025, consisting of Portfolio Management Services (PMS) with QAAUM of ₹25,290 crore, Alternative Investment Funds (AIFs) at ₹14,650 crore, and offshore advisory services at ₹32,910 crore. The PMS business is servicing 26,451 clients across 25 strategies, while AIFs cover equity strategies, private credit, long-short strategies, and real estate. The company provides Eastspring Investments with advisory services in the markets of Japan, Taiwan, Hong Kong, and Singapore.
The​‍​‌‍​‍‌​‍​‌‍​‍‌ Indian mutual fund market has been vibrant, and its growth has been strong over the past few years due to the financialisation of savings, the rising participation of retail investors, and the awareness of investors. The industry's active mutual fund QAAUM, as per the CRISIL report, grew at a CAGR of 28.9% from FY23 to FY25, thereby reaching a significant domestic investors' scale as they increasingly embrace mutual funds as a preferred investment vehicle. The equity and equity-oriented segment has been a major factor in the industry's growth, increasing at a CAGR of 36.2% during the same period.
The company has upgraded its technology stack by moving to a cloud-based infrastructure, releasing improved websites, and an 'i-Invest' mobile app (22 lakhs downloads). For H1FY26, 95.3% of purchase transactions (1.10 crore transactions) were completed digitally. The company is very active on social media platforms and has more than 40 lakhs YouTube subscribers on its Mutual Fund and ETF channels with over 1,400 videos. During the same period, the digital channels facilitated 12 lakhs new customer onboardings.
Now, ICICI Prudential Asset Management Company Innovations Ltd is launching its initial public offering (IPO), which consists of an offer for sale of ₹10,602.65 crore. Its shares will be listed on the NSE and BSE.

How to pre-apply for the ICICI Prudential AMC IPO?

You can pre-apply for the ICICI Prudential AMC IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  • Login to your Upstox account, using your six-digit PIN
  • After successfully logging in, click on ‘Discover’
  • On the Discover tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘ICICI Prudential AMC IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Pre-Apply’
  • Accept the mandate on your UPI app

How to apply for the ICICI Prudential AMC IPO?

If you are interested in this investment opportunity but unsure how to apply for the ICICI Prudential AMC IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the ICICI Prudential AMC IPO on Upstox:
  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘ICICI Prudential AMC IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

**How to check ICICI Prudential AMC IPO Allotment Status? **

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the ICICI Prudential AMC IPO allotment status:
  • Login to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, you will find the ‘View all’ option
  • Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  • In the ‘IPO’ tab, click on ‘My applications’
  • In ‘My applications’, under the History section, your ICICI Prudential AMC IPO allotment status will be mentioned

Icici Prudential Amc Limited IPO Analysis

IPO REVIEW

ICICI Prudential AMC IPO | Analysis Video

Should you apply?

Watch our analysts break down the Icici Prudential Amc Limited IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Strength and Weakness

Largest asset manager with leadership in active fund

ICICI Prudential AMC is the largest asset management company in India in terms of active mutual fund QAAUM with a 13.3% market share as of September 30, 2025, and is the second largest overall with 13.2% market share. Equity and equity-oriented QAAUM have scaled to ₹4,87,650 crore as of FY25, growing at a strong 40% CAGR over FY23-25, outperforming industry growth (36.2% CAGR), supporting a higher fee-yielding asset mix.

Strong individual investor franchise

As of September 30, 2025, the highest Individual Investor MAAUM in India at ₹6.61 lakh crore with 13.7% market share. Individual Investors make up a high-yielding revenue base, accounting for 61.1% of total MAAUM and 85.7% of equity and equity-oriented schemes MAAUM. With systematic transactions, monthly flows rising to ₹4,800 crore in September 2025 from ₹2,350 crore in FY23, systematic flows remain strong and guarantee steady inflows and long-term retention.

Diversified multi-asset product suite

The company manages 143 mutual fund schemes, the highest in the industry. No single scheme contributes more than 7.1% of monthly QAAUM. Product breadth spans equity, debt, hybrids, ETFs, arbitrage, liquid funds, PMS and AIFs. Alternate QAAUM rose to ₹72,930 crore as of September 30, 2025. This improves cross-cycle performance and caters to varied investor risk-return profiles.

Pan-India omnichannel distribution network

With 272 offices spread across 23 states, 1,10,719 MFDs, 213 national distributors, and 67 banks, including ICICI Bank, contributing reach through 7,246 branches, the AMC has the longest omnichannel distribution network in the country. In the six months ending in September 2025, 1.2 million new customers were onboarded digitally, and 95.3% of purchases were completed online, indicating a high level of digital adoption.

Disciplined performance framework

The top equity schemes, Large Cap Fund and Balanced Advantage Fund, have reported superior benchmark-beating returns over three and five-year horizons due to strong risk governance and disciplined asset allocation frameworks. Throughout market cycles, the company’s "three-line control" ensures strong regulatory compliance and risk-adjusted decision-making.

Objectives of Icici Prudential Amc Limited IPO

Carry out the offer for sale
OFS ₹10,602.65 cr IPO — proceeds go entirely to selling shareholders.
Listing on stock exchanges
The company want to achieve the benefits of listing its shares on the stock exchanges.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratio
This IPO₹4,977Cr32.45%₹2,650Cr₹1,07,006Cr40.39
This sector (avg.)₹768.51Cr0.06%₹422.99Cr₹26,425.05Cr27.43
₹4,029.61Cr---₹2,460.19Cr₹1,07,749.6Cr37.57
₹2,265.08Cr---₹1,285.73Cr₹55,943.03Cr38.77
₹1,842.36Cr---₹930.6Cr₹21,931.33Cr21.62

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

ICICI Prudential AMC IPO Contact Details

Company NameICICI Prudential AMC Limited

How to apply for ICICI Prudential AMC IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Latest News on Icici Prudential Amc Limited IPO

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ICICI Prudential AMC files draft papers with SEBI for IPO, consists only OFS component

2 min read

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ICICI Prudential AMC kicks off mega IPO with record syndicate
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ICICI Prudential AMC IPO: 10 key points to consider before ₹10,603 crore offer opens

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ICICI Prudential AMC IPO Day 1: Check live subscription status, price band, lot size, key dates and more

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ICICI Prudential AMC IPO fully subscribed on Day 2; check category-wise status

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ICICI Prudential AMC IPO subscribed 39.09 times so far on Day 3: Check allotment date and steps

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ICICI Prudential AMC IPO allotment finalised: Check status online on NSE, BSE, KFin Technologies; listing date, time here

3 min read

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ICICI Prudential AMC IPO Listing Date: 4 key things retail investors should know before it debuts on BSE, NSE

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Icici Prudential Amc Limited IPO FAQs

Investors can apply for the ICICI Prudential AMC IPO through their Demat account via the stock exchange or through their broker.
The issue size of the ICICI Prudential AMC IPO is 10602 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
ICICI Prudential AMC IPO will be open between 2025-12-12 and 2025-12-16.
ICICI Prudential AMC IPO allotment date is 2025-12-18. For ICICI Prudential AMC IPO allotment status check, you can visit the website of the registrar of the IPO.
For ICICI Prudential AMC IPO, the IPO registrar is KFin Technologies Limited. You can check ICICI Prudential AMC IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The ICICI Prudential AMC IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The ICICI Prudential AMC IPO lot size is 6 and minimum order quantity is 6.
ICICI Prudential AMC IPO has set the price band for its IPO at 2165 per equity share with a face value of 1.