ICICI Prudential AMC gets SEBI approval for ₹10,000 crore IPO

ICICI Prudential AMC Receives SEBI Nod for ₹10,000 Crore IPO

ICICI Prudential Asset Management Company has secured final approval from the capital markets regulator SEBI for its highly anticipated ₹10,000 crore initial public offering.

Key Highlights of the IPO:

• ICICI Prudential AMC had filed its IPO papers with SEBI on July 8.
• The IPO consists of an offer for sale by the promoter, Prudential Corporation Holdings.
• Post completion of the proposed bonus issuance, the company’s paid-up share capital will increase from 17.65 crore equity shares to 49.42 crore shares.
• Subsequent to the proposed bonus issuance, the offered shares by Prudential Corporation Holdings will be up to 4.94 crore shares.

Company Overview:

ICICI Prudential AMC, a joint venture between ICICI Bank and Prudential Corporation Holdings, is the largest AMC in India in terms of active mutual fund quarterly average assets under management, with a market share of 13 per cent as of March-end.

The company’s total quarterly average AUM was ₹8.79 lakh crore, as of March-end, with the fund’s monthly house average asset under management (MAAUM) attributable to individual investors (comprising retail in Individual Investors) at ₹5.66 lakh crore.

Strong FY25 Growth:

• The company’s revenue from operations was ₹4,977 crore in FY25, up from ₹2,837 crore in FY23.
• The company’s net profit was ₹2,651 crore during FY25 vis-à-vis ₹1,515.8 crore during FY23.

Book-Running Lead Managers and Registrar:

• The book-running lead managers are ICICI Securities, Citigroup Global Markets India, Morgan Stanley India Company, BofA Securities India, Axis Capital, CLSA India, IIFL Capital Services, Kotak Mahindra Capital Company, Nomura Financial Advisory and Securities (India), SBI Capital Markets, Goldman Sachs (India Securities, Avendus Capital, BNP Paribas, HDFC Bank, JM Financial, Motilal Investment Advisors, Nuvama Wealth Management and UBS Securities India.
• The registrar of the offer is KFin Technologies.

Other Companies Receiving SEBI Approval:

Apart from ICICI Prudential AMC, three companies -- Powerica, Technocraft Ventures and Annu Projects -- have received SEBI’s approval to hit the IPO market.