ICICI Prudential Asset Management Company (ICICI Prudential AMC), part of the ICICI Bank group, has successfully raised ₹3,021.8 crore from 149 anchor investors on December 11. This comes just a day before the launch of its highly anticipated ₹10,603-crore IPO, valuing the company at ₹1.07 lakh crore.
IPO Details
The maiden public offering of the ICICI Group’s asset management arm opens for subscription from December 12 to 16.
- Price band: ₹2,061–₹2,165 per share
- Issue type: 100% Offer for Sale (OFS)
Since the issue is entirely an OFS by UK-based promoter Prudential Corporation Holdings, the AMC will not receive any proceeds from the IPO.
Anchor Allotment Breakdown
ICICI Prudential AMC, the second-largest asset manager in India with a 13.2% QAAUM market share, has allotted 1.39 crore shares to anchor investors at the upper price band of ₹2,165.
Of the total anchor allocation, 46.62 lakh shares (33.4%) were allotted to 27 domestic mutual funds, including major names such as:
- HDFC AMC
- SBI Mutual Fund
- WhiteOak Capital
- Helios
- Kotak Mahindra AMC
- Axis Mutual Fund
- Aditya Birla Sun Life AMC
- DSP Mutual Fund
- Quant Mutual Fund
- HSBC Mutual Fund
- Invesco
- Edelweiss
- PGIM India Mutual Fund
The robust anchor response reflects strong institutional confidence ahead of one of the biggest IPOs in India’s financial sector this year.
