ICICI Prudential AMC IPO: What Are Your Chances of Getting an Allotment?

Synopsis: This AMC, which is the second biggest in India, will now enter the Indian secondary market on 19 December with its listing. With a total issue size of Rs 10,602.65 crore, the company saw a good overall subscription amount of 39.17 times. Let us see what the chances of allotment are in every category. 

ICICI Prudential Asset Management Company is set to make its stock market debut, marking an important moment for India’s mutual fund industry. As one of the country’s largest and most established asset managers, the IPO offers investors a chance to participate in a business built on scale, brand strength, and long-term asset growth. With an issue size of Rs 10,602.65 crore, the offering has attracted wide attention across investor categories ahead of its listing.

Retail investors

The retail quota is at 33.25%, and the subscription is healthy but not overwhelming at 2.53 times. Put simply, this means about 1 out of every 2–3 retail applicants is likely to get an allotment if applying for a single lot. The demand is higher than the shares available, but the competition remains manageable compared to many recent IPOs.

bNII and sNII investors

The bNII and sNII quotas stand at 9.5% and 4.75%, respectively. Competition becomes much tougher in the NII segment. For bNIIs subscribed at 25.42x and in  the sNII category, subscribed 15.28x,In the bNII and sNII categories, IPO allotment is done on a proportionate basis, not through a lottery system. This means shares are allocated in proportion to the size of each investor’s application relative to the total demand in that category. 

If the issue is heavily oversubscribed, applicants do not necessarily get zero shares; instead, they may receive a reduced number of shares based on their bid size. Larger applications therefore improve the chances of receiving at least some allotment, which is why high-net-worth investors often apply with bigger ticket sizes.

QIBs and other categories

The QIB quota is at 47.5%, and subscription is at a portion of 123.87x,The QIB (Qualified Institutional Buyer) category also follows a proportionate allotment mechanism. Institutional investors such as mutual funds, insurance companies, and foreign portfolio investors are allotted shares based on their bid quantity compared to the total QIB demand. 

There is no lottery involved, and allotment depends on the relative size and timing of bids within regulatory guidelines. As a result, even in highly oversubscribed IPOs, QIBs typically receive partial allocations rather than being completely excluded, reflecting the demand-weighted distribution system.

About the company and more

The total income is at Rs 2,949.61 crore in Q2 FY26 versus Rs 4,096.74 crore in Q2 FY25, which is an increase of about 39 percent. Similarly, the net profit has risen from Rs 1,327.11 crore in Q2 FY25 to Rs 1,617.74 crore in Q2 FY26, which is a growth of about 22 per cent.

ICICI Prudential Asset Management Company Limited, incorporated in 1993, is one of India’s leading asset managers with a long-standing focus on managing risk first and delivering long-term returns. As of September 30, 2025, the company managed a quarterly average AUM of Rs 10,14,760 crore, highlighting its large scale and strong position in the domestic asset management industry. In addition to mutual funds, it also offers portfolio management services (PMS), alternative investment funds (AIFs), and advisory services, including for offshore clients.

ICICI Prudential AMC manages the largest number of schemes in the mutual fund industry, with 143 schemes across equity, debt, passive, fund-of-funds, liquid, overnight, and arbitrage categories. Its operations are supported by a pan-India distribution network of 272 offices across 23 states and 4 union territories. With a wide product mix across mutual funds, PMS strategies, and AIF offerings, the company caters to a broad investor base, from retail investors to sophisticated clients seeking customised and alternative investment solutions.

Written by Leon Mendonca

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post ICICI Prudential AMC IPO: What Are Your Chances of Getting an Allotment? appeared first on Trade Brains.