ICICI Prudential AMC IPO Price, GMP, Analysis, Details

ICICI Prudential AMC IPO - Company Analysis

ICICI Prudential AMC IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 10,602.65 Cr by ICICI Prudential AMC Ltd., and is an asset management company. Its investment strategy has always been to prioritize risk management and strive for long-term client returns.

There is an active quarterly average asset under management (QAAUM) at ICICI Prudential AMC.  It has a QAAUM of 10,147.6 billion as of September 30, 2025 and 143 schemes, including 44 equity and equity-oriented schemes, 20 debt schemes, 61 passive schemes, 15 domestic fund-of-funds schemes, one liquid scheme, one overnight scheme and one arbitrage strategy.

With 272 offices spread throughout 23 states and 4 union territories, the company boasts a robust PAN India distribution network.

Services:

• Mutual Fund Business.

• Portfolio Management Business.

• Alternative Investment Fund Business.

ICICI Prudential AMC IPO Details

The ICICI Prudential AMC Ltd IPO open date is from Dec 12 to Dec 16, with IPO allotment on Dec 17, refund initiation on Dec 18, 2025.

The Rs. 10,602.65 Cr mainline IPO comprises a wholly an offer for sale of 4.90 crore shares.

The ICICI Prudential AMC IPO listing date might be on Friday, 19 December 2025, and it will be listed at the BSE and NSE.

The ICICI Prudential AMC IPO price band is Rs. 2061 to Rs. 2165 for each Share. 

Events	Date
IPO Opening Date	December 12, 2025
IPO Closing Date	December 16, 2025
IPO Allotment Date	December 17, 2025 (Tentative)
Refund Initiation	December 18, 2025 (Tentative)
Tentative IPO Listing Date	December 19, 2025

 

Industry Outlook

If you want to apply for the IPO, click to open a Demat Account.

 

 

Company Financial 

(Amount in Cr)

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	4,383.68	3,554.09	2,804.76
Total Income	4,979.67	3,761.21	2,838.18
PAT	2,650.66	2,049.73	1,515.78
EBITDA	3,636.99	2,780.01	2,072.58
Net Worth	3,516.94	2,882.84	2,313.06
Reserves & Surplus	3,432.85	2,798.75	2,228.97

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in Mn)

Net Cash Flow In Multiple Activities	FY25	FY24	FY23
Net Cash Flow Operating Activities	25,735.0	17,645.4	13,999.6
Net Cash Flow Investing Activities	(5,128.8)	(2,456.0)	(1,294.4)
Net Cash Flow Financing Activities	(20,682.9)	(15,272.8)	(12,642.6)

 

Revenue Bifurcation 

(Source RHP)

The Objective of The Issue

Completely an OFS. The amount from the issue will not go to the company.
Click to check the IPO application status.

Listed Peers of ICICI Prudential AMC Ltd.

Company Name	Face Value (₹)	EPS (₹)	P/E (x)
HDFC Asset Management Co. Ltd.	5	57.6	45.2
Nippon Life India Asset Management Ltd.	10	20.3	41.0
UTI Asset Management Co. Ltd.	10	57.4	19.8
Aditya Birla Sun Life AMC Ltd.	5	32.3	22.5

 

Valuation

KPI	Values
ROE	82.8%
RoNW	82.8%
EBITDA Margin	0.36%
Price to Book Value	30.41

 

 

Evaluation of P/E Ratio

The company's IPO price of Rs. 2165 corresponds to a P/E multiple of 40.39x based on FY25 EPS of Rs. 53.6.
Explore the Orkla India IPO.

IPO's Strengths

• India's largest asset management firm in terms of assets under active mutual fund schemes.

• A portfolio of products that is diversified across asset sectors.

• Multi-channel, diverse, and pan-Indian distribution network.

• Steady, profitable expansion track record.

IPO Weaknesses

• The company frequently launches new products for its investors, but cannot guarantee that they will be successful or scalable in the future.

• Competition from both new and established market players selling investment products could slow our expansion.

• It works in a highly regulated sector and any violation of relevant rules could result in the regulator taking negative action.

ICICI Prudential AMC IPO GMP

ICICI Prudential AMC IPO GMP today is Rs. 142 as of 08 Dec 2025, while writing this information with a price band set at Rs. 2165. This suggests that the estimated listing price of the IPO could be around Rs. 2307, indicating a gain/loss of 6.56% per Share.

ICICI Prudential AMC Limited IPO Summary

IPO Opening & Closing Date	Dec 12, 2025 to Dec 16, 2025
Face Value	Rs. 1 per Share
Issue Price	Rs. 2061 to Rs. 2165
Lot Size	6 Shares
Issue Size	4,89,72,994 Shares (Rs. 10,602.65 Cr)
Offer for Sale	4,89,72,994 Shares (Rs. 10,602.65 Cr)
Fresh Issue	-
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	Kfin Technologies Ltd.

ICICI Prudential AMC IPO Lot Size

The ICICI Prudential AMC Ltd. IPO allows retail investors to invest in a minimum and maximum of 1 Lot (6 Shares) amounting to Rs. 12990 and 15 Lots (90 Shares) amounting to Rs. 194850, respectively, while for S-HNI investors, the minimum Lot is 16 (96 Shares) amounting to Rs. 207840.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	15 Lots
SHNI (Minimum)	16 Lots
SHNI (Maximum)	76 Lots
BHNI (Minimum)	77 Lots

ICICI Prudential AMC IPO Reservation

Institutional Share Portion	50%
Retail Investors' Share Portion	35%
Non-Institutional Shares Portion	15%

 

ICICI Prudential AMC IPO Allotment Status

To check the ICICI Prudential AMC IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of ICICI Prudential AMC  Ltd.

ICICI Bank Limited And Prudential Corporation Holdings Limited.

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	-

 

ICICI Prudential AMC IPO Lead Managers

Citigroup Global Markets India Pvt. Ltd. 

Dividend Policy

The company has paid a dividend of Rs. 1,140, Rs. 837 and Rs. 691 during the last three financial years, respectively.

 

 

Conclusion

Investors can gain exposure to the biggest asset management firm in India through the ICICI Prudential AMC IPO, which has a diverse product range, high ROE and good profitability.  However, because it is an OFS, the corporation does not immediately profit from any of the proceeds; therefore, valuations tend to be higher. 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.