ICICI Prudential AMC IPO: ICICI Prudential Asset Management Company (AMC) has filed its draft papers with the marker regulator – the Securities and Exchange Board of India (SEBI) – to float an initial public offering (IPO).

ICICI Prudential AMC IPO will be an offer for the sale of up to 17.7 million shares by Prudential Corporation Holdings Limited (PCHL), a subsidiary of British insurer Prudential Plc. 

According to Bloomberg News, the offering could raise as much as ₹10,000 crore ($1.2 billion), making it the second-highest public issue of 2025, and valuing the asset manager at around $12 billion. The largest offer this year was by HDFC Bank subsidiary HDB Financial, which debuted on the Indian stock market last week, in signs of a sharp rebound in the IPO market.

About ICICI Prudential AMC 

ICICI Prudential Asset Management Company, India’s second-largest mutual fund manager by assets, is a joint venture between ICICI Bank (holding a 51% stake) and the UK-based Prudential Plc (holding a 49% stake).

In February, Prudential had said it was considering listing its Indian joint venture on the bourses.

Separately, Prudential said PCHL has entered an agreement with ICICI Bank to sell up to 2% of the asset manager’s stake to ICICI ahead of the IPO.