ICICI Prudential AMC IPO 2025: Date, Price ₹2,061–2,165, Lot Size 6, GMP, Review | IPO Ji

ICICI Prudential Asset Management Company (ICICI Prudential AMC) is launching one of the biggest financial‑sector IPOs of 2025, a ₹10,602.65 crore pure Offer For Sale that lets investors buy into India’s largest active mutual fund asset manager without any fresh equity dilution. For IPO Ji readers, this issue is a high‑quality, brand‑strong, cash‑generative play on India’s rising mutual fund penetration, but it is also coming at a premium valuation, so expectations on listing gains should be realistic.​

ICICI Prudential AMC IPO: Key Details 2025

ICICI Prudential AMC IPO is a mainboard, book‑built issue of 4,89,72,994 equity shares of face value ₹1, aggregating up to ₹10,602.65 crore. The entire issue is an Offer For Sale by the existing shareholder, so all proceeds go to the selling promoter and not to the company.​

• IPO type: Book‑built, mainboard
• Issue size: ₹10,602.65 crore (100% OFS)
• Face value: ₹1 per share
• Price band: ₹2,061 – ₹2,165 per share
• Market cap (pre‑IPO): ~₹1,07,007 crore
• Listing: NSE & BSE

IPO Timelines (Tentative):

• Issue opens: Friday, 12 December 2025
• Issue closes: Tuesday, 16 December 2025
• Basis of allotment: Wednesday, 17 December 2025
• Refunds / demat credit: Thursday, 18 December 2025
• Listing date: Friday, 19 December 2025

These timelines matter for IPO Ji users because your funds remain blocked until allotment and you must approve the UPI mandate before 5 PM on the closing day to keep your application valid.​

The company has reserved 5% shares under shareholder quota. Eligible Shareholders of ICICI Bank Limited as of the RHP date (5th Dec), would be eligible to apply for this Offer under the Shareholder's Reservation Portion as per RHP.

Price Band, Lot Size and Reservation

The ICICI Prudential AMC IPO price band is fixed at ₹2,061–₹2,165 per share, implying a high‑quality, premium‑valued business with strong earnings power. The minimum lot size is 6 shares, which keeps the entry ticket manageable for first‑time IPO investors on IPO Ji.​

• Lot size: 6 shares
• Minimum retail investment: ~₹12,990 (6 shares at upper band)
• Maximum retail investment: 15 lots = 90 shares ≈ ₹1,94,850
• sNII (S‑HNI) minimum: 16 lots = 96 shares ≈ ₹2,07,840
• bNII (B‑HNI) minimum: 77 lots = 462 shares ≈ ₹10,00,230​

Reservation structure:

• QIB: Not more than 50% of net offer
• Retail: Not less than 35% of net offer
• NII (sNII + bNII): Not less than 15% of net offer
• Shareholder quota: Reserved for eligible ICICI Bank shareholders up to ₹2 lakh.​

Business Overview: Why This IPO Matters

Incorporated in 1993, ICICI Prudential AMC is a joint‑venture asset management company backed by ICICI Bank and Prudential Corporation Holdings. The company manages mutual funds, Portfolio Management Services (PMS), Alternative Investment Funds (AIFs) and advisory mandates for domestic and offshore clients.​

As of 30 September 2025, ICICI Prudential AMC has active quarterly average assets under management (QAAUM) of about ₹10,147.6 billion, making it the largest asset manager in India under active mutual fund schemes. It manages 143 mutual fund schemes, including 44 equity/equity‑oriented, 20 debt, 61 passive, 15 domestic fund‑of‑fund schemes, one liquid, one overnight and one arbitrage scheme, giving investors a wide palette across risk profiles and time horizons.​

The company has a strong pan‑India network with around 272 offices across 23 states and 4 union territories and leverages multiple channels such as ICICI Bank branches, independent financial advisors, national distributors and online platforms to gather flows. For IPO Ji users who already invest through mutual funds, this IPO is effectively a way to participate in the profitability of the mutual fund industry itself rather than just its schemes.​

Financial Performance and Key Ratios

ICICI Prudential AMC has delivered consistent growth with high profitability and asset‑light economics, which is a core reason for its premium valuations among financials. Between FY24 and FY25, the company’s total income increased by around 32% to approximately ₹4,979.67 crore, while profit after tax (PAT) grew by about 29% to ₹2,650.66 crore.​

For the half‑year ended 30 September 2025, total income stood at about ₹2,949.61 crore and PAT at ₹1,617.74 crore, showing strong momentum compared with the previous year’s first half. The business operates with healthy EBITDA and generates robust free cash flows thanks to low capital requirements.​

Key performance indicators as of FY25:

• ROE / RoNW: ~82.8%
• Pre‑IPO EPS: ₹53.63
• Post‑issue EPS (on diluted base): ₹65.46
• Price to Book Value: ~30.4x at the upper band
• P/E multiple: ~40.37x pre‑issue and ~33.07x post‑issue, based on FY25 earnings and the IPO price band.​

These numbers position ICICI Prudential AMC among India’s most profitable financial franchises, although the rich valuation leaves limited margin of safety if earnings growth slows.

Competitive Strengths You Should Know

According to the company’s disclosures and independent research, ICICI Prudential AMC enjoys several structural strengths that differentiate it within the AMC space.​

• Largest active mutual fund AMC: It leads the industry in active mutual fund assets under management, giving it strong operating leverage and brand recall.​
• Largest individual investor franchise: It has one of the largest bases of retail and SIP investors, with high individual MAAUM share, which stabilises flows and reduces dependence on short‑term institutional money.​
• Diversified product portfolio: Equities, debt, hybrids, passive funds, PMS, AIF and advisory together create multiple growth engines and de‑risk revenue from a single segment shock.​
• Pan‑India distribution: Deep presence across cities and strong partnerships help capture flows from both metros and emerging markets.​
• Experienced management and track record: ICICI Prudential AMC has a long operating history, experienced investment teams and a record of steady profitability even through market cycles.​

For long‑term investors on IPO Ji, these strengths make it a potential “core holding” candidate in the asset‑management and financial‑services space.

Valuation and Peer Context

At the upper price band of ₹2,165, ICICI Prudential AMC is valued at approximately ₹1.06 lakh crore, translating into about 33–40x its FY25 earnings and more than 30x its book value. Compared with listed AMC peers like HDFC AMC, Nippon Life India AMC, UTI AMC and Aditya Birla Sun Life AMC, this valuation is at the upper end on price‑to‑book but broadly in line with strong, high‑ROE asset managers on a price‑to‑earnings basis when market sentiment is favourable.​

How to Apply for ICICI Prudential AMC IPO Using IPO Ji

For IPO Ji users, the application process is designed to be simple, guided and beginner‑friendly:

1. Search and open the IPO page
   • Visit IPO Ji, go to the “Upcoming Mainboard IPOs” section, and open the “ICICI Prudential AMC IPO” detail page.
   • Review key highlights: issue size, price band, lot size, risk summary, GMP (if available), and live subscription numbers for QIB, NII and Retail.
2. Login and verify your details
   • Sign in with your registered mobile/email.
   • Ensure your PAN, linked Demat (NSDL/CDSL) and UPI ID are correctly saved as per SEBI rules for UPI‑based applications.​
3. Select category and bidding details
   • Choose your category: Retail, Shareholder (if you hold ICICI Bank shares), sNII or bNII, as applicable.​
   • Enter the number of lots you wish to apply for (minimum 1 lot = 6 shares for retail).
   • Retail investors typically select the “Cut‑off” option to improve their chances of allotment, while HNIs must enter a specific price within the band.​
4. Confirm and approve UPI mandate
   • Click “Apply” on IPO Ji; a UPI mandate will be sent to your UPI app for the total application amount.
   • Approve the mandate before 5 PM on 16 December 2025; otherwise, your application will be rejected by the exchange.​
5. Track allotment & listing on IPO Ji
   • On 17 December, check your allotment status through IPO Ji or the registrar Kfin Technologies using your PAN and DP details.​
   • On 18 December, verify that allotted shares are credited to your Demat account, and on 19 December follow the listing price
   • IPO Ji’s role is to make this whole flow seamless: from research to application to monitoring, so both first‑time investors and experienced traders can act confidently.

FAQ for Investors

1. What is ICICI Prudential AMC IPO?

It is a mainboard, book‑built IPO of 4,89,72,994 equity shares (face value ₹1) aggregating up to ₹10,602.65 crore via a 100% Offer For Sale by the existing shareholder.​

2. What are the ICICI Prudential AMC IPO dates?

The IPO opens on 12 December 2025 and closes on 16 December 2025, with tentative listing on 19 December 2025 on NSE and BSE.​

3. What is the ICICI Prudential AMC IPO price band and lot size?

The price band is ₹2,061–₹2,165 per share, and the minimum lot size is 6 shares (around ₹12,990 at the upper band) for retail investors.​

4. Who are the promoters of ICICI Prudential AMC?

ICICI Bank Limited and Prudential Corporation Holdings Limited are the promoters, holding 100% of the equity pre‑issue.​

5. How can I apply for ICICI Prudential AMC IPO using IPO Ji?

Login to IPO Ji, open the ICICI Prudential AMC IPO page, select your investor category, choose lots, bid at “Cut‑off” (for retail), approve the UPI mandate before 5 PM on 16 December 2025 and then track allotment and listing through IPO Ji’s dashboards.​ How to apply IPO ?

Disclaimer: This blog post is for informational and educational purposes only and is based on publicly available data from the company’s offer documents and reputed financial portals. It does not constitute investment advice or a recommendation. IPO investments are subject to market risks; please do your own research and consult a SEBI‑registered financial advisor before investing.​