ICICI Bank share price down as subsidiary ICICI Prudential AMC files DRHP for IPO

The proposed IPO is exclusively an offer for sale (OFS) of 17,652,090 equity shares by Prudential Corporate Holdings Limited (PCHL). There is no fresh issuance of shares.

ICICI Bank share price

ICICI Bank shares were down 0.72% to ₹1,431.60 apiece on the National Stock Exchange (NSE) at 2:03 pm. Its market capitalisation stands at ₹10,21,601.07 crore.

In a regulatory filing, ICICI Bank said ICICI Prudential AMC Ltd has "filed a Draft Red Herring Prospectus (DRHP) dated July 8, 2025, with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited for an initial public offering (IPO) comprising of an offer for sale (OFS) of equity shares held by Prudential Corporation Holdings Limited (PCHL) in the company, representing up to 10% of the equity share capital of the company."

ICICI Bank said that it has signed a deal with PCHL to purchase up to 2% of fully diluted pre-IPO share capital of the asset management company from PCHL ahead of the consummation of the IPO.

The bank maintains a 51% shareholding in ICICI Prudential AMC. This transaction will mainly be towards maintaining the bank's majority stockholding in case of a grant of stock-based compensation by the AMC.

About ICICI Prudential AMC

ICICI Prudential AMC is an asset management company handling significant assets under management (AUM) in the mutual fund segment and offering portfolio management services to investors. It also provides investment management services to alternative investment funds. The firm also renders advisory services to international clients.

It had reported a 29.3% year-on-year (YoY) increase in net profit to ₹2,650.7 crore in FY25 and a 38.7% YoY surge in revenue to ₹4,682.8 crore.