The price band for the initial public offering of ICICI Asset Management Company has been fixed between ₹2,061 and ₹2,165 per equity share of face value ₹1 each.
The minimum bid lot for the offer has also been fixed at six equity shares of ICICI AMC and in multiples of six equity shares thereafter. UK-based Prudential Corporation Holdings will offload 4.89 crore equity shares and there will be no fresh share issuance.
The issue, which will be completely through offer of sale, is expected to be about ₹10,500 crore. ICICI Prudential AMC or its parent ICICI Bank will not receive any money from the IPO.
The bidding for anchor investors will open on December 11 and retail portion will open on December 12.
At present, ICICI Bank owns 51 per cent stake in the asset management company, while the remaining 49 per cent is held by its joint venture partner Prudential Corporation Holdings.
In June, ICICI Bank said that its board approved an additional 2 per cent increase in stake in ICICI Prudential AMC. The additional purchase of share was to maintain the bank’s majority shareholding in the event of the grant of stock-based compensation by the company, said ICICI Bank.
This would be the fifth asset management firm to list on the exchanges, following HDFC AMC, UTI AMC, Aditya Birla Sun Life AMC, Shriram AMC and Nippon Life India Asset Management.
ICICI Prudential AMC will be fifth entity of Group to be listed after ICICI Bank, ICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company and ICICI Securities.
Published on December 6, 2025
