ICICI Prudential Asset Management Company Ltd has concluded a pre-IPO fundraising round of approximately ₹4,815 crore, drawing participation from 26 prominent domestic and global investors. The development marks a significant milestone ahead of its planned initial public offering.
The pre-IPO placement involved the allotment of 22,240,841 equity shares at an issue price of ₹2,165 per share. The round saw strong interest from well-known market participants, including Prashant Jain’s 3P India Equity Fund, the Jhunjhunwala family, Manish Chokani, Madhusudan Kela, Lunate Capital, the Regents of the University of California (via IIFL Asset Management), Sarv Investments, PI Opportunities Fund – II, 360One Funds, DSP India Fund, WhiteOak Capital India Opportunities Fund and HCL Capital, among others.
Several major insurance companies also participated, such as SBI Life Insurance, HDFC Life, Kotak Life, Aditya Birla Sun Life Insurance, Bajaj Life Insurance, TATA AIG General Insurance and Go Digit General Insurance. Other institutional investors included Kedaara Capital Public Markets Fund, TIMF Holdings, Malabar India Fund and Clarus Capital I. ICICI Bank additionally invested ₹2,140 crore to raise its stake by 2 per cent.
The upcoming IPO will be an offer-for-sale of up to 48,972,994 shares by promoter Prudential Corporation Holdings Limited. The fundraise comes as the company continues to demonstrate market leadership and operational strength.
As of September 30, 2025, ICICI Prudential AMC reported total mutual fund QAAUM of ₹10,147.6 billion, ranking first in both overall and equity-oriented QAAUM. It also led equity-oriented hybrid schemes with a 25.8 per cent market share and maintained the highest individual investor MAAUM at ₹6,610.3 billion.
Profitability metrics highlight its dominant industry position. The company accounted for roughly 20 per cent of the asset-management industry’s operating profit in FY25. It reported OPBT of ₹3,236 crore for FY25 — 19 per cent higher than its nearest competitor, HDFC AMC — with the gap widening further in H1 FY26.
Published on December 11, 2025
