Attention Investors! ICICI Prudential Asset Management Company’s IPO will start from ‘Ya’ day

By Samira Vishwas On Dec 9, 2025

The much awaited IPO of ICICI Prudential AMC will open on December 12
Price band ₹2,061 to ₹2,165
Bid Date for Investors

Mumbai, 08 December 2025: ICICI The Bid/Offer in respect of the Initial Public Offer (Offer) of Equity Shares of Prudential Asset Management Company Limited (the Company) will open on 12 December 2025 and close on 16 December 2025. So the anchor For investors Bid date will be 11 December 2025.

The offer is by way of an offer for sale of up to 48,972,994 equity shares by one of the promoters of the company namely Prudential Corporation Holdings Limited. The Offer includes reservation of up to 2,448,649 Equity Shares for subscription by eligible ICICI Bank Shareholders (ICICI Bank Shareholders Reservation Portion). The offer is a ‘net offer’ excluding the reservation portion of the shareholders of ICICI Bank. The offer and net offer will be 9.91 per cent and 9.41 per cent of the post-offer paid-up equity share capital of the company, respectively.

The Equity Shares are being offered through the Company’s Red Herring Prospectus dated December 5, 2025 (Red Herring Prospectus), which has been filed with the Registrar of Companies, Delhi and Haryana (ROC), New Delhi. Equity shares offered through Red Herring Prospectus are proposed to be listed on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE).
The price band for the offer is Rs 2,061. 2,165 to Rs. per equity share is Bids can be made for a minimum of 6 equity shares and thereafter in multiples of 6 equity shares.

Citigroup Global Markets India Pvt Ltd, ICICI Securities Ltd, Axis Capital Ltd, Morgan Stanley India Company Pvt Ltd, Goldman Sachs (India) Securities Pvt Ltd, CLSA India Pvt Ltd, BofA Securities India Pvt Ltd, UBS Securities India Pvt Ltd, BNP Paribas, Nomura as Book Running Lead Managers for the Offer Financial Advisory and Securities (India) Private Limited, Avendus Capital Private Limited, SBI Capital Markets Limited, Kotak Mahindra Capital Company Limited, JM Financial Limited, Nuwama Wealth Management Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), Motilal Oswal Investments Advisors Limited and HDFC Bank Limited have been appointed and Caffeine Technologies Limited is the offer registrar.

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The offer is being made through book building process, in terms of Rule 19(2)(b) of SCRR read with Rule 31 of SEBI ICDR Rules and in compliance with Rule 6(1) of SEBI ICDR Rules, wherein not more than 50 per cent of the net offer shall be allocated to Qualified Institutional Buyers (QIB) (QIB Portion) on a proportionate basis, but SEBI in consultation with the Company, Book Running Lead Managers As per ICDR Rules (Anchor Investor Portion) on a discretionary basis QIB may allocate up to 60 per cent of the Portion to Anchor Investors, out of which, up to 40 per cent of the Anchor Investor Portion shall be reserved as follows: (a) up to 33.33 per cent shall be reserved for domestic mutual funds; and (b) up to 6.67 per cent shall be reserved for life insurance companies and pension funds, if valid bids are received from domestic mutual funds, life insurance companies and pension funds at or above the anchor investor allocation price. In case of undersubscription in the anchor investor portion reserved for life insurance companies and pension funds, the unsubscribed portion will be available for allocation to domestic mutual funds. In case of undersubscription or non-allotment in Anchor Investor Portion, remaining equity shares will be added to QIB Portion (Net QIB Portion).

Further, 5 percent of the net QIB portion shall be available for pro rata allotment to mutual funds only, if valid bids are received at or above the offer price and the remaining portion of the net QIB portion shall be available for pro rata allotment to all QIBs, including mutual funds, if valid bids are received at or above the offer price. However, if the total demand from mutual funds is less than 5 percent of the net QIB portion, the remaining equity shares available for allotment in the mutual fund portion shall be added to the remaining net QIB portion for pro rata allocation to all QIBs.

Further, not less than 15 per cent of the net offer will be available for allotment to bidders and not less than 35 per cent of the net offer to bidders (RIBs) as per SEBI ICDR Rules, if valid bids are received at or above the offer price. One-third of non-institutional portion above Rs.0.2 million and Rs. 1.0 million will be available for allotment to non-institutional bidders with a bid size of up to two-thirds of the non-institutional portion of Rs. 1.0 million will be available for allotment to non-institutional bidders of bid size, but as per SEBI ICDR Rules, under-subscription in any of these two sub-categories of non-institutional portion may be allotted to non-institutional bidders in other sub-categories of non-institutional portion, if valid bids are received at or above the offer price.

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Further, the eligible ICICI Bank shareholders bidding in the ICICI Bank Shareholders Reservation Position will be allotted proportionate equity shares, if valid bids are received from them at or above the Offer Price.
All potential bidders (except anchor investors) are required to participate in the offer through Blocked Amount Application Supported (ASBA) process. If applicable, by providing details of their respective ASBA accounts and UPI IDs, according to which their respective bid amount will be blocked by Self-Certified Syndicate Banks (SCBs) or Sponsor Banks under the UPI mechanism, as the case may be, up to the limit of the respective bid amount. Anchor Investors are not permitted to participate in the Offer through the ASBA process. For details, see RHP’s offer process starting on page 436. Capitalized terms used herein and not specifically defined have the meanings assigned to such terms in RHP.