ICICI Prudential AMC prepares for mega IPO with 17 lead managers: Report

ICICI Prudential AMC IPO size could be around ₹10,000 crore with only the offer-for-sale (OFS) component, the report said, adding that no final decision has been taken on the IPO size.

ICICI Prudential Asset Management Company is a 51:49 joint venture between ICICI Bank and Britain's Prudential Plc.

In February, Prudential Plc said that it is looking to list ICICI Prudential AMC with a partial divestment of its shares.

"It is intended that following the completion of such a divestment, the net proceeds would be returned to shareholders. We will provide a further update at an appropriate time. India is a strategically important market for Prudential with compelling growth prospects. We will continue to explore opportunities to grow our businesses in the market," the company had said.

Upcoming IPOs

The four companies are expected to collectively raise at least ₹2,500 crore via public offers.

Meanwhile, TMT bars and MS billets maker Sai Infinium withdrew its IPO documents on June 4.

The proposed IPO will exclusively be an offer for sale (OFS) of 2.28 crore shares by promoter Orkla Asia Pacific Pte and shareholders Feroz Meeran and Navas Meeran.