ICICI Prudential AMC IPO Subscribed 72% On Day One; Check Latest GMP

The initial public offering of ICICI Prudential Asset Management Co. was subscribed 72% on its first day on Friday. The portion for large institutions was overbooked.

The 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.

There is no fresh issue component and all the proceeds from the IPO will go to the selling promoter UK-based Prudential Corp.

ICICI Prudential AMC's IPO is the fourth-largest IPO of 2025 by issue size, following Tata Capital Ltd., HDB Financial Services Ltd., and LG Electronics India Ltd.

The company is India's largest asset manager in terms of assets managed under active mutual fund schemes, equity and equity-oriented schemes and for domestic non-corporate discretionary portfolio management service, as per the draft red herring prospectus.

The ICICI Prudential AMC IPO was subscribed 72% on Friday.

• Qualified Institutional Buyers (QIBs): 200%

• Non-Institutional Investors (NIIS): 37%

• Retail Individual Investors: 21%

• Reservation for ICICI Bank shareholders: 44%

ICICI Prudential AMC IPO's latest grey market premium rose to Rs 221 from Rs 150 earlier, according to Investorsgain website. The GMP indicates a listing price of Rs 2,386 apiece, which means upon listing, ICICI Prudential AMC may offer 10% additional gains to investors.

Note: GMP does not represent official data and is based on speculation.

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.