ICICI Prudential Asset Management Company (AMC) is set to launch its initial public offering (IPO) on December 12, 2025, according to news reports. The offering comes as British insurer Prudential plans to sell a 10% stake in the company.
IPO Structure and Details
- The IPO is an entirely offer-for-sale (OFS) issue, comprising 4.90 crore shares valued at approximately ₹10,602.65 crore.
- The number of shares for sale was increased from an earlier plan of 1.77 crore, following a recent issuance of bonus shares that expanded the company’s share base.
- ICICI Bank, holding 51% of the company, is not selling any shares. The offering focuses solely on Prudential’s divestment.
Timeline and Listing
- Anchor investor bidding will begin on December 11, 2025.
- Public subscription opens on December 12, 2025, and closes after three days.
- Shares are expected to be listed on Indian exchanges by December 19, 2025.
Valuation
The IPO is expected to value ICICI Prudential AMC at approximately $12 billion (₹12,000 crore), as reported by Reuters.
The offering represents Prudential’s partial exit from its stake in the joint venture while ICICI Bank maintains its controlling share.
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