ICICI Prudential Asset Management Company’s (AMC) public offer is set to open on December 12 for retail subscription.
The IPO which is priced between ₹2,061 and ₹2,165 a share, will raise ₹10,600 crore if subscribed at the upper price band. The issue is an offer for sale with Prudential selling 12% of its stake. The company will sell 2% stake to keep ICICI Bank the majority shareholder with 53% and the rest 10% to be sold to public. This would make Prudential’s post offer stake 37%.
Apart from the IPO, the company’s CEO Nimesh Shah also commented on issues that influenced mutual fund industry. Speaking about the consultation paper by the Securities and Exchange Board of India (SEBI) about changes in mutual fund total exchange ratios Mr. Shah said that the AMC was in “constructive dialogue” about it.
“Once you accept that logic that whatever is good for the investor is good for business, then you don’t get worried about all this… The regulator has also told us he wants to synchronize a lot of issues,” he said.
Retail investors can bid for the shares in lots of six shares and multiples thereof. The issue closes on December 16.
Published – December 08, 2025 10:10 pm IST
