Big bang before the IPO of ICICI Prudential AMC: UK’s Prudential sold 4.5% stake, market turmoil intensified

By Samira Vishwas On Dec 12, 2025

ICICI Prudential AMC IPO: UK’s Prudential Corporation Holdings has created a stir in the market by selling its 4.5% stake in ICICI Prudential AMC. The much talked about IPO of ICICI Prudential AMC is going to open on December 12, and this deal of about ₹ 4,815 crore made just before that is being seen as a big (Pre-IPO Move) in the market. ICICI Prudential AMC is an old (Joint Venture) of ICICI Bank and Prudential PLC of UK, which has been running continuously since 1998.

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ICICI Prudential AMC IPO

After selling the stake, now the shareholding of Prudential PLC has reduced from 49% to 44.5%, while the share of ICICI Bank has increased from 51% to 53%. According to the company, after the IPO, Prudential’s current 44.5% stake may further reduce to 34.6%. This is being seen as a clear ownership shift in the market.

On December 8, Prudential Corporation signed a share purchase agreement with ICICI Bank to sell 2% stake. Along with this, the remaining 2.5% stake was sold to UK’s Prudential Promoter and 26 big institutional investors.

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These institutional investors include names like Lunet Capital, PI Opportunities Fund, 360 One, HDFC Life, WhiteOak, HCL Capital, Aditya Birla Sun Life AMC, DSP MF, 3P India Equity Fund, and TIMF Holdings. It is worth noting that the shares sold are not part of the equity shares sold in the IPO, i.e. it was a separate (Secondary Market Deal).

The IPO of ICICI Prudential AMC is also in the news regarding its size. This offer is worth a total of ₹ 10,602.65 crore, the entire structure of which is based on the Offer-for-Sale model. This means, no new shares will be issued in this. 4.89 crore shares (i.e. 9.9% pre-offer paid-up equity) have been put up for sale by Prudential Corporation AMC.

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The price band for the IPO has been fixed at ₹2,061–2,165. The company will accept bids from Anchor Investors on December 11, while the public issue will close on December 16. The date of listing on both BSE and NSE exchanges is fixed on 19th December.

24.48 lakh shares have been reserved separately in this IPO for the shareholders of ICICI Bank. The company had filed the draft with SEBI in July this year and got approval from SEBI in November. After this IPO, ICICI Prudential AMC will become the fifth listed entity of ICICI Group.

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From a financial point of view, the position of ICICI Prudential AMC appears very strong. The company’s profit grew by 21.9% to ₹1,618 crore between April-September 2025, while revenue grew by 20% to ₹2,949 crore.

Similarly, the total profit of the company in the financial year 2025 was ₹ 2,650.7 crore, which is 29.3% more than the previous financial year. Revenue also increased by 32.4% to ₹4,977 crore. Market experts are considering it as a strong growth outlook.

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ICICI Prudential AMC currently manages 143 mutual fund schemes. In comparison, companies like HDFC AMC, Nippon Life India AMC, UTI AMC and Aditya Birla Sun Life AMC are present in the market.

18 big (Merchant Bankers) are associated with managing the huge IPO of ICICI Prudential AMC, which includes Citigroup Global Markets India, Morgan Stanley India, BofA Securities India, Axis Capital, Kotak Mahindra Capital and SBI Capital Markets.