ICICI Prudential AMC IPO GMP Surges To Rs 140: Investors Eye ~6.5% Listing Pop
The share sale is set to be the fourth-largest IPO of 2025 and ranks among the biggest capital-market debuts by an Indian financial services company.
ICICI Prudential AMC's IPO is set to be the fourth-largest IPO of 2025 by issue size, following Tata Capital, HDB Financial Services, and LG Electronics India, with its IPO opening this week, aiming to raise over Rs 10,000 crore (around $1.2 billion) through an Offer for Sale (OFS). This significant IPO will make ICICI Prudential AMC the fifth listed entity from the ICICI Group and the fifth asset management company (AMC) on Indian exchanges, solidifying its position as a major player in India's growing mutual fund industry.
ICICI Prudential Asset Management Company will launch its initial public offering (IPO) on December 12 to raise over Rs 10,600 crore from the primary market.
The RHP dated December 5, 2025, with the Registrar of Companies, Delhi and Haryana is for the initial public offering of up to 48,972,994 equity shares of face value of Rs 1 each by way of Offer for Sale by Prudential Corporation Holdings Ltd. The offer includes a reservation of up to 2,448,649 equity shares of ICICI AMC for subscription by Eligible ICICI Bank Shareholders, according to the RHP. Prudential Corporation Holdings Ltd. is the shareholder off-loading shares and the scrip is set to list on both the NSE and BSE, as per the filing.
Ahead of the opening, the grey market premium (GMP) indicates an estimated listing gain of over 5% per share against the upper limit of the issue price.
Investors who want to participate in the IPO can check the following details before deciding to submit their bids.
ICICI Prudential AMC IPO GMP Today
The latest GMP for the ICICI Prudential AMC IPO was Rs 140 on December 10. The GMP indicates an estimated listing price of Rs 2,305 apiece at a premium of 6.47% against the upper limit of the IPO price band.
Note: GMP does not represent official data and is based on speculation. GMP data sourced from InvestorGain.
ICICI Prudential AMC IPO: Key Details
The ICICI Prudential AMC IPO is a book-building issue of Rs 10,602.65 crore. It comprises only an offer-for-sale (OFS) of 4.9 crore shares.
The price band for the IPO has been set at Rs 2,061 and Rs 2,165 per share.
To participate in the IPO, retail investors are required to bid for a single lot size of six shares, amounting to a minimum investment of Rs 12,990 per application based on the upper limit of the issue price. Small Non-Institutional Investors need to bid for 16 lots, amounting to an investment of Rs 2,07,840. Big Non-Institutional Investors can participate in the IPO by bidding for a minimum of 77 lots, leading to an investment of Rs 10,00,230.
UK-based promoter Prudential Corp. has offered to sell over 1.76 crore equity shares via the IPO in ICICI Prudential AMC. The face value of the share is Rs 1.
The offering could raise as much as $1.2 billion or around Rs 10,300 crore and value the company at around $12 billion, Bloomberg News has reported.
Citigroup Global Markets India is the book-running lead manager and KFin Technologies is the registrar of the issue.
ICICI Prudential AMC IPO: Important Dates
The subscription window for the IPO will remain open from December 12 to December 16, with the allotment expected to be finalised on December 17. The company will transfer shares to the demat accounts of successful bidders on Dec. 18 and refunds to non-allottees will also be processed on the same day.
Shares of ICICI Prudential AMC are tentatively scheduled to be listed on the BSE and NSE on December 19.
Use Of Proceeds
ICICI Prudential AMC will not receive proceeds from the IPO.
About ICICI Prudential AMC
ICICI Prudential AMC is one of the leading asset management companies in India. Its assets under management stood at Rs 10,87,690 crore as of Sept. 30.
Financials
For the half-year ended Sept. 30, ICICI Prudential AMC reported a 22% year-on-year (YoY) rise in profit after tax at Rs 1,617.74 crore from Rs 1,327.11 crore in the same period a year ago. Total income grew 20% YoY to Rs 2,949.6 crore for the six months ended Sept. 30, compared to Rs 2,458.2 crore a year ago.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
