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

Upstox
By Upstox News Desk

2 min read | Updated on June 11, 2025, 15:53 IST

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SUMMARY

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

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

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

Fund house ICICI Prudential Asset Management Company (AMC) Ltd has initiated the initial public offering (IPO) process and has hired 17 lead managers, Moneycontrol reported, citing sources.

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.

Initially, ICICI Securities and Citigroup were picked as investment bankers, but later Goldman Sachs, JPMorgan Chase, Morgan Stanley, Kotak Mahindra Bank, Motilal Oswal and others were added, Moneycontrol reported.

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

Markets regulator Securities and Exchange Board of India (SEBI) on Tuesday approved IPOs of water purifier company Kent RO Systems, engineering firm Karamtara Engineering, winding and conductivity products maker Vidya Wires, and transformer components manufacturer Mangal Electrical Industries.

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.

Orkla India, the parent company of spices and condiments brands Eastern and MTR, has filed preliminary papers with markets regulator SEBI for initial share sale.

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.

To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.