ICICI Prudential AMC IPO has secured Sebi’s final approval to raise about Rs 10,000 crore through a public issue. Here are the key details on the issue size, valuation and financials.
ICICI Prudential AMC IPO Gets Final Sebi Nod: All You Need To Know
The country's second-largest asset manager by assets under management (AUM) had filed its draft red herring prospectus (DRHP) to Sebi more than four months ago on July 8.
The IPO will be managed by a 18-bank syndicate led by Citi, Morgan Stanley, BofA Securities, Axis Capital and CLSA. Other book runners include IIFL Capital, Kotak Mahindra Capital, Nomura, SBI Caps, ICICI Securities, Goldman Sachs, Avendus, BNP Paribas, HDFC Bank, JM Financial, Motilal Oswal, Nuvama and UBS. KFin Technologies is the registrar.
ICICI Prudential AMC IPO Issue Size, Valuation
According to a PTI report, the AMC aims to raise Rs 10,000 crore through its IPO. Its DRHP states that the IPO will be a 100 per cent offer-for-sale (OFS) by the UK-based promoter Prudential Corporation Holdings Limited, with no fresh issue component. The promoter will be offloading 17.65 million equity shares of face value Re 1 per share.
ICICI Prudential AMC is aiming for a valuation of $12-12.5 billion (Rs 1.07-1.11 lakh crore) for its upcoming IPO, according to a Moneycontrol report.
