ICICI Prudential Asset Management Company (ICICI AMC) is finally hitting the streets. In a regulatory filing on Saturday, parent lender ICICI Bank said its subsidiary has filed the Red Herring Prospectus (RHP) with the Registrar of Companies for an Initial Public Offering (IPO).
The initial public offering will open for public subscription on Friday, December 12, 2025 and will conclude on Tuesday, December 16, 2025. The anchor investor offering will take place one day earlier, on Thursday, December 11, 2025.
After going public, the fund house will become the fourth entity of the ICICI group to be listed on the stock exchanges, joining ICICI Bank, ICICI Prudential Life Insurance and ICICI Lombard General Insurance.
As per the RHP filed with the Securities and Exchange Board of India (SEBI) and the exchanges, the IPO is completely an Offer for Sale (OFS), which means the company will not receive any fresh capital from the issue. Selling shareholder Prudential Corporation Holdings Limited is offloading as many as 4.89 million equity shares with a face value of Rs 1 each.
The stake sale, reportedly estimated at around Rs 10,000 crore, involves an offer for sale of up to 9.91% of the share capital of ICICI Prudential Asset Management by Prudential Corporation Holdings Limited, a subsidiary of Prudential. The allotment of shares for the IPO is scheduled to be completed on December 17, while ICICI Prudential AMC will make its debut on the BSE and NSE market on December 19.
The offer includes a reservation of up to 24.48 lakh equity shares specifically for eligible shareholders of ICICI Bank as defined in the RHP. Eligibility is determined based on shareholding as of the date the RHP is filed.
Backed by three decades of fund management experience, the company oversees a quarterly average assets under management (AUM) of Rs 10.87 lakh crore as on September 30, 2025. It currently serves 1.55 million investors across a diverse set of 143 mutual fund schemes.
The asset management company currently operates as a joint venture. ICICI Bank holds a controlling stake of 51%, while Prudential Corporation Holdings holds the remaining 49%.
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