ICICI Prudential Asset Administration Firm, India’s second-largest asset supervisor, has filed draft papers with SEBI for an preliminary public providing (IPO) estimated at Rs 10,000 crore. All the IPO will likely be a suggestion on the market (OFS) of as much as 1.76 crore shares by its overseas three way partnership accomplice, Prudential Company Holdings, which relies within the UK. Because the IPO is fully an OFS, the proceeds will go to Prudential and to not the corporate itself.
The shares will likely be provided at a face worth of Rs 1 every, and the IPO will embrace a reservation for eligible ICICI Financial institution shareholders below a particular quota. The providing is structured via the book-building course of, with as much as 50 per cent of the problem reserved for certified institutional consumers (QIBs), no less than 15 per cent for non-institutional buyers (NIIs), and no less than 35 per cent earmarked for retail buyers, aligning with SEBI’s allocation norms.
The corporate’s whole mutual fund quarterly common belongings below administration (QAAUM) stood at Rs 8.79 lakh crore as of March 2025. Inside this, it held the best market share of 13.4 per cent in fairness and equity-oriented schemes amongst Indian asset administration firms, reflecting its dominant place within the fairness section.
As of March 31, 2025, ICICI Prudential AMC managed common month-to-month mutual fund belongings of Rs 5.66 lakh crore for particular person buyers, which incorporates each retail and high-net-worth people. Along with its core mutual fund enterprise, the corporate has a rising enterprise within the options area, providing portfolio administration providers, different funding fund (AIF) administration, and offshore advisory providers.
ICICI Prudential AMC is likely one of the oldest gamers within the Indian asset administration business, with over three many years of expertise. As of March 31, 2025, it managed the best variety of schemes within the mutual fund area—135 in whole—comprising 42 fairness and equity-oriented schemes, 20 debt schemes, 56 passive schemes, 14 home fund-of-fund schemes, and one every within the liquid, in a single day, and arbitrage classes.
On the monetary entrance, the corporate reported robust progress in FY25. Income from operations jumped 32.4 per cent year-on-year, rising from Rs 3,758 crore in FY 2024 to Rs 4,977 crore in FY25, primarily pushed by increased payment and fee earnings. Its revenue after tax (PAT) additionally grew by 29.3 per cent, reaching Rs 2,651 crore in FY25 in comparison with Rs 2,050 crore within the earlier fiscal yr.
With this IPO, ICICI Prudential AMC is about to affix the rising record of publicly traded asset administration firms in India, because it appears to be like to additional strengthen its market management and develop its footprint in each conventional and different funding areas.