ICICI Prudential Asset Management IPO: Check the GMP, Financials, Allotment status and more

Synopsis:- The IPO offers a  Rs 10,602.65-crore OFS at a  Rs 2,061–2,165 band, with retail entry at  Rs 12,990. The business manages over  Rs 10,147 billion in assets, shows rising income and PAT, and maintains exceptional 82.8% return ratios despite valuation-rich metrics and market-linked risks.

ICICI Prudential AMC’s  Rs 10,602.65-crore IPO is a pure offer for sale of 4.90 crore shares, opening on December 12 and closing on December 16, 2025 and Allotment is on Wed, Dec 17, 2025. The price band of  Rs 2,061– Rs 2,165 and a December 19 listing indicate strong institutional interest, with investors watching valuation and demand closely.

The retail entry cost is  Rs 12,990 for a 6-share lot at the upper band. sNIIs must apply for 96 shares ( Rs 2,07,840), while bNIIs commit to 462 shares ( Rs 10,00,230). These structured lot sizes and premium pricing reflect expectations of robust subscription, driven by ICICI Prudential AMC’s established market position.

GMP of ICICI Prudential Asset Management IPO

As of December 12, 2025, ICICI Prudential Asset Management’s shares were trading at  Rs 2,315 in the grey market, reflecting a 6.93% premium over the IPO cap price of  Rs 2,165.00. This translates to a gain of  Rs 900 per share, signaling healthy investor demand and positive sentiment ahead of the official listing.

Objective of the IPO

The offer is primarily meant to allow the promoter to divest part of its holding while giving the company the advantages that come with listing on major exchanges. By going public, the business aims to strengthen its market presence, improve overall visibility, and build a more recognised brand among investors.

Company Business

ICICI Prudential AMC follows a risk-first investment philosophy focused on long-term wealth creation. As of September 2025, it manages a substantial QAAUM of 10,147.6 billion, reflecting strong investor trust. Its offerings span PMS, AIF and offshore advisory services, positioning the company as a diversified asset manager with wide market reach.

The firm manages 143 mutual fund schemes, including 44 equity and equity-oriented funds, 20 debt funds, 61 passive products, 15 fund-of-funds, plus liquid, overnight, and arbitrage schemes. This broad product mix makes it the industry leader in scheme count and enables customised solutions for investors across risk profiles and investment horizons.

 A strong nationwide distribution network of 272 offices across 23 states and 4 union territories supports customer access and growth. With 3,541 employees, ICICI Prudential AMC operates a robust platform delivering mutual funds, specialised PMS strategies and AIF products that cater to both retail and sophisticated investors seeking diversified wealth-management options.

Promoter Holding

The company is fully owned by ICICI Bank and Prudential Corporation Holdings, reflecting strong institutional backing. A complete promoter holding highlights stability and strategic support ahead of the planned public issuance.

Financial Performance

Over the past year, ICICI Prudential AMC reported a sharp rise in total income, increasing from about 3,761 to nearly 4,980 by March 2025. This momentum continued into September 2025, with income touching roughly 2,950 for the half-year, reflecting sustained growth in its core asset-management operations.

Profit after tax also strengthened, moving from around 2,049 to 2,651 in FY25, while EBITDA rose from nearly 2,780 to over 3,636. The September 2025 numbers further show healthy profitability, with PAT at about 1,618 and EBITDA at roughly 2,210, underlining strong operational efficiency and improved margins.

The company displays exceptionally strong return ratios, with both ROE and RoNW at 82.8%, highlighting efficient capital use and a highly profitable operating model. However, the EBITDA margin of 0.36% appears unusually low, reflecting the fee-based nature of the asset-management business. A high price-to-book value of 30.41 indicates rich market valuation driven by strong brand and earnings quality.

Lead Manager & Registrar

ICICI Prudential AMC’s IPO is managed by a large consortium of top-tier investment banks, reflecting the issue’s scale and importance. KFin Technologies serves as the registrar, while global and domestic leaders like Citi, Morgan Stanley, Kotak, SBI Capital and Goldman Sachs bring strong execution capability, backed by extensive past IPO experience and performance track records.

Competitive Strengths:

Here are the rephrased points:

• India’s biggest asset manager based on assets handled under active mutual fund schemes.
  
• Holds the largest share of individual investor assets in the domestic mutual fund industry.
  
• Offers a wide and well-balanced range of products across multiple asset classes.
  
• Operates a strong, nationwide distribution network spanning various channels.
  
• Delivers steady profitability supported by long-term financial performance.
  
• Led by a seasoned leadership group and an experienced investment team.

• Weak market or economic conditions can shrink assets under management, lowering fee income and negatively impacting financial performance and cash flows.
  
• Underperformance of investment products may drive investors away, reducing AUM across mutual funds, PMS, AIF and advisory services.
  
• Past growth does not guarantee future success; ineffective execution of expansion strategies can hinder operations and stability.
  
• Rising competition may limit market share and force fee reductions, affecting profitability and long-term business strength.
  
• Any reputational damage to ICICI or Prudential group entities could undermine trust and harm the company’s business and financial outcomes.

Step 1: Go to the Registrar website, which is Kfin Technologies, for this IPO: https://ipostatus.kfintech.com/

Step 2: Select the IPO name.

Step 3: Enter your PAN number in the section, and you can view the status of your IPO allotment.

Written by Abhishek Singh

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