ICICI Prudential Asset Management Company (AMC) is gearing up for its public issue, which is scheduled to open on December 12. In a significant development preceding the IPO, UK's Prudential Corporation Holdings has strategically divested a 4, while 5 percent stake in ICICI Prudential AMC. This substantial sale was valued at ₹4815, while 1 crore, reflecting the company's solid valuation and market interest. Prudential Corporation is an integral part of Prudential PLC, a prominent name in global financial services.
Details of the Strategic Stake Sale
Prudential Corporation Holdings signed a share purchase agreement with ICICI Bank on. December 8 to sell a 2 percent stake in ICICI Prudential AMC. Also, a separate share purchase agreement for the remaining 2. 5 percent stake was executed between the UK promoter and 26 institutional investors on December 7 and 8. These institutional investors include notable entities such as Lunet Capital, PI Opportunities Fund, 360 One, HDFC Life, WhiteOak, HCL Capital, Aditya Birla Sun Life AMC, DSP MF, 3P India Equity Fund, Hero Enterprise, TIMF Holdings, Kedara Capital, Clarus Capital, and Kotak Mahindra Life Insurance. It's important to note that the shares sold in this pre-IPO transaction are distinct from the equity shares offered by Prudential Corporation as part of the IPO.
Following this stake sale, Prudential PLC's shareholding in ICICI Prudential AMC has decreased from its previous 49 percent to 44. 5 percent. Concurrently, ICICI Bank's shareholding has increased from 51 percent to 53 percent, solidifying its position within the joint venture. Post-IPO, Prudential's shareholding is projected to further reduce from the current 44. 5 percent to 34, while 6 percent, indicating a strategic restructuring of its participation in the company. This shift marks a significant move for ICICI Bank, which now holds a majority stake in the asset management firm.
Evolution of Shareholding Structure
The Joint Venture's Enduring Partnership
ICICI Prudential AMC is a successful joint venture between ICICI Bank and Prudential PLC. The partnership between these two entities commenced in 1998, signifying a remarkable 26 years of successful collaboration. This long-standing alliance has been instrumental in establishing the company as a formidable player in India's asset management industry. The joint venture stands as a testament to a successful international collaboration in the Indian financial services sector.
Overview of the ICICI Prudential AMC IPO
The ICICI Prudential AMC IPO is valued at a substantial ₹10,602. 65 crore, positioning it as one of the significant public issues in the market. The price band for the IPO has been set between ₹2,061 and ₹2,165 per share. This offering is structured entirely as an Offer-for-Sale (OFS), meaning no new shares will be issued by the company. Instead, Prudential Corporation Holdings will offer 4. 89 crore shares for sale, which constitutes 9. 9 percent of the pre-offer paid-up equity, while this mechanism allows existing shareholders to divest their holdings.
Important Dates for Investors
Anchor investors for the IPO are eligible to place their bids on December 11. The public issue will open on December 12 and conclude on December 16. Subsequently, the allotment of shares will be finalized on December 17. The shares are slated for listing on both the BSE and NSE on December 19. The company has reserved 24. 48 lakh equity shares out of the total offer specifically for ICICI Bank shareholders, providing them with an exclusive opportunity to participate. The draft papers for this IPO were filed with SEBI in. July this year, and the regulatory body granted its approval in November.
Fifth Listing for ICICI Group
ICICI Prudential AMC is poised to become the fifth company from. The esteemed ICICI Group to be listed on the stock exchanges. Other prominent entities from the group already listed include ICICI Bank, ICICI Prudential Life Insurance Company, ICICI Securities, and ICICI Lombard General Insurance Company, while this upcoming listing represents another significant milestone for the ICICI Group, further strengthening its presence in the Indian financial market. It aligns with the group's strategy of bringing its diverse business units to the public market.
Solid Financial Performance
ICICI Prudential AMC has demonstrated strong financial performance in recent periods. For the April-September 2025 period, the company reported a profit of ₹1618 crore, marking a 21. 9 percent increase year-on-year. Revenue for the same period grew by 20 percent to ₹2949. 4 crore. In the full fiscal year 2025, the company recorded a profit of ₹2,650. 7 crore, which is a 29. 3 percent increase from the ₹2,049, while 7 crore profit reported in the previous fiscal year. Revenue also saw a substantial rise of 32. 4 percent, reaching ₹4,977. 3 crore, compared to ₹3,758. 2 crore in fiscal year 2024. This strong financial health provides a positive outlook for the upcoming IPO.
