ICICI Prudential Asset Management Co Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the ICICI Prudential Asset Management Co Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹2,165
Per ShareLot Size
6 Shares
Minimum Investment
₹12,990
Issue Size
₹10,602.65 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
ICICI Prudential Asset Management Co Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
90.09%
Issue Type
Book Building
ISIN
INE346A01027
About the Company
We are involved in (i) managing mutual funds, (ii) providing portfolio management services, (iii) managing alternative investment funds, and (iv) providing advisory services to offshore clients. We are the investment manager to ICICI Prudential Mutual Fund. In addition to our mutual fund business, we have a growing alternates business, across PMS, AIF and offshore businesses. We offer a range of savings and investment products across multiple financial asset classes, structured to address a diverse spectrum of our clients' objectives and risk appetites, from income accrual to long-term wealth creation.
Industry Overview
According to the CRISIL Report, the Indian mutual fund industry has experienced significant growth over the past six years, driven by a thriving domestic economy, substantial inflows, and increased participation from individual investors. Further, over the last nine years, the PMS industry has seen significant growth, with the market becoming more mature, increasing number of HNIs, greater need for customized asset allocation based on risk return profiling, and growing awareness of PMS as a product. Additionally, over the past few years, alternative investment funds have become one of the key segments in private markets in India.
Company History
Our Company was incorporated as `ICICI Asset Management Company Limited' as a public limited company under the Companies Act, 1956, pursuant to the certificate of incorporation dated June 22, 1993, issued by the Registrar of Companies, Delhi and Haryana at New Delhi. Our Company changed its name from `ICICI Asset Management Company Limited' to `Prudential ICICI Asset Management Company Limited' pursuant the Board resolution dated November 24, 1997, and the Shareholders' resolution dated March 9, 1998, further to which a fresh certificate of incorporation dated March 26, 1998, was issued by the RoC. Subsequently, our Company changed its name from `Prudential ICICI Asset Management Company Limited' to `ICICI Prudential Asset Management Company Limited', pursuant the Board resolution dated December 12, 2006 and the Shareholders' resolution dated December 13, 2006, further to which a fresh certificate of incorporation dated January 17, 2007.
Products & Services
- The Company is involved in (i) managing mutual funds, (ii) providing portfolio management services, (iii) managing alternative investment funds, and (iv) providing advisory services to offshore clients.
Growth Strategy
- Maintain focus on investment performance with a risk calibrated approach.
- Expand our customer base through distinct initiatives, increase penetration in existing and new markets and strengthen relationships with our distributors.
- Grow our Alternates business.
- Diversify our product portfolio to suit dynamic customer needs.
- Leverage our technology and scale digital capabilities to drive customer acquisition, enhance customer experience.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 48,972,994 equity shares of face value of Re.1/- each ("Equity Shares") of ICICI Prudential Asset Management Company Limited (the "Company" or the "Company") for cash at a price of Rs.2,165.0 per equity share (Including a Premium of Rs.2,164.0 Per Equity Share) ("Offer Price") aggregating to Rs.10602.65 crores by way of an offer for sale of 48,972,994 equity shares of face value of Re.1/- each aggregating to Rs.10602.65 crores (the "Offer for Sale" and Such Initial Public Offering, the "Offer") by Prudential Corporation Holdings Limited ("Promoter Selling Shareholder" and Such Equity Shares, the "Offered Shares"). This offer included a reservation of 2,448,649 equity shares of face value of Re.1/- each ( Constituting 0.5% of the Post-Offer paid-up Equity Share Capital of the Company) aggregating to Rs.530.13 crores for subscription by eligible ICICI Bank shareholders (As Defined Hereinafter) ("ICICI Bank Shareholders Reservation Portion"). The offer less the ICICI Bank shareholders reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constituted 9.9% and 9.4% of the post-offer paid-up equity share capital of the company, respectively. Anchor investor offer price : Rs. 2,165 per equity share of face value of Re.1 each Offer Price : Rs, 2,165 per equity share of face value of Re.1 each The offer price is 2,165 times of the face value of Re.1 each.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Largest asset management company in India in terms of assets managed under active mutual fund schemes and equity and equity oriented schemes.
- Largest Individual Investor franchise in India in terms of mutual fund assets under management.
- Diversified product portfolio across asset classes.
- Pan-India, multi-channel and diversified distribution network.
- Investment performance supported by comprehensive investment philosophy and risk management.
- Factors beyond its control such as adverse market or economic conditions could affect the company business, including by reducing the value of its assets under management, causing a decline in the company management fees from mutual fund operations, portfolio management services, alternative investment funds or fees from advisory services and thereby, adversely affect its business, results of operations, financial condition and cash flows.
- If its investment products under perform, the company assets under management, including its portfolio management services assets under management, alternative investment funds assets under management and advisory assets could decline and adversely affect the company business, results of operations, financial condition and cash flows.
- The company historical performance is not indicative of the company future growth and if its fail to manage the company growth or successfully implement its growth strategies, the company business, results of operations, financial condition and cash flows may be adversely affected.
- Competition from existing and new market participants offering investment products could reduce its growth, market share or put downward pressure on the company fees, which in turn could has an adverse effect on its business, results of operations, financial condition and cash flows.
- Its depends on the strength of brand and reputation of the company Promoters, as well as the brand and reputation of other ICICI group entities and Prudential group entities. Any harm to the reputation of ICICI group entities or Prudential group entities could adversely affect its business, results of operations, financial condition and cash flows.