ICICI Prudential Asset Management Company Ltd IPO

 ICICI Prudential Asset Management Company Ltd IPO Subscribed 39.2 Times on Final Day

The issue generated a demand of close to Rs 2.96 lakh crore ( 2^nd Highest Subscription in 2025 after LG Electronics Ltd ) with over 55 lakhs total applications received

The initial public offering (IPO) of ICICI Prudential Asset Management Company Ltd witnessed strong investor interest, with the issue being subscribed 39.2 times on the final day of bidding.

The IPO generated demand worth approximately ₹ 2.96 lakh crore. Bids were received for 1,37,14,88,316 equity shares against the offer size of 3,50,15,691 equity shares, at a price band of ₹2,061 to ₹2,165 per share, as per data available on the stock exchanges.

The Qualified Institutional Buyers (QIB) portion was subscribed 123.9 times, while the Non-Institutional Investors (NII) and Retail Individual Investors (RII) portions were subscribed 22     times and 2.53 times, respectively.

The strong response to the public issue follows significant interest from marquee global and domestic investors in the pre-IPO and anchor book. Ahead of the IPO, ICICI Prudential AMC raised ₹3,021.8 crore from around 100 anchor investors through the allocation of approximately 13.95 million equity shares at ₹2,165 per share.

The anchor book saw participation from leading sovereign wealth funds such as GIC, Temasek and Lunate, and global asset managers including Fidelity, BlackRock, Norges Bank, Aberdeen, Wellington, Capital Group, JPMorgan Asset Management, Goldman Sachs Asset Management and HSBC Global Asset Management. Private equity investors Kedaara Capital and ChrysCapital also participated.

Domestic participation was equally robust, with investments from marquee family offices and veteran investors such as Premji Invest, HCL Family Office, Prashant Jain (3PIM), Manish Chokhani, the Estate of late Rakesh Jhunjhunwala and MK Ventures. All major domestic life insurance companies, including SBI Life, HDFC Life, Kotak Life, Aditya Birla Sun Life Insurance and Bajaj Life, participated in the anchor book. In addition, 27 domestic mutual funds invested through 77 schemes, with 19 of the top 20 mutual fund houses taking part.

Prior to the IPO, the company had also completed a pre-IPO placement of nearly ₹4,815 crores, underscoring strong demand ahead of the public offering.

The table below shows subscription data for all the categories of investors:

TABLE IN BELOW PAGE

ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED Last updated on 16 Dec 2025 | 05:03:00 PM Sr.No. Category No.of shares offered / reserved No. of shares bid for No. of times of total meant for the category 1 Qualified Institutional Buyers (QIBs) 93,04,869 1,15,25,59,968 123.87 1(a) Foreign Institutional Investors (FIIs) - 43,90,55,856 - 1(b) Domestic Financial Institutions (Banks/ Financial Institutions (FIs)/ Insurance Companies) - 47,58,11,130 - 1(c) Mutual Funds - 10,65,92,934 - 1(D) Others - 13,11,00,048 - 2 Non-Institutional Investors (NIIS) 69,78,652 15,37,89,048 22.04 2.1 Non-Institutional Investors (Bid amount of more than Ten Lakh Rupees) 46,52,435 11,82,47,880 25.42 2.1(a) Corporates - 23,28,684 - 2.1(b) Individuals (Other than RIIs) - 10,42,96,230 - 2.1(c) Others - 1,16,22,966 - 2.2 Non Institutional Investors(Bid amount of more than Two Lakh Rupees and upto 10 lakh rupees) 23,26,217 3,55,41,168 15.28 2.2(a) Corporates - 82,044 - 2.2(b) Individuals (Other than RIIs) - 3,39,98,148 - 2.2(c) Others - 14,60,976 - 3 Retail Individual Investors (RIIs) 1,62,83,521 4,12,60,464 2.53 3(a) Cut Off - 3,40,08,630 - 3(b) Price Bids - 72,51,834 - 4 Employee Reserved - - - 4(a) Employee (Cut off) - - - 4(b) Employee (Price) - - - 5 Reservation Portion Shareholder 24,48,649 2,38,76,754 9.75 5(a) RPS (Cut off) - 1,74,45,054 - 5(b) RPS (Price) - 64,31,700 - Total 3,50,15,691 1,37,14,86,234 39.17