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ICICI Prudential AMC IPO
Price Band
₹2061.0–2165.0
Issue Size
₹10602.65 Cr
Lot Size
6 shares
Min Investment
₹12,990
GMP
+₹460.0 (21.25%)
Issue Price
₹2165.0
Subject to Sauda
₹2100
Paid only if allotted
ICICI Prudential AMC IPO AI Summary
- ICICI Prudential AMC IPO is listed on BSE, NSE in the Asset Management Company sector.
- Price band: ₹2061.0–₹2165.0 per share, lot size 6 shares (min. investment ₹12,990).
- Subscription window: 12 Dec–16 Dec 2025, listing on 19 Dec 2025.
- Current GMP is +₹460.0 (21.25%), an estimated listing price of ₹2625 — unofficial and can change daily.
ICICI Prudential AMC is a prominent player in the Indian asset management sector, offering a wide range of investment products and services. The company has demonstrated strong growth and has a significant market presence, making it an important IPO to consider for potential investors.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
ICICI Prudential AMC IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 16 Dec 2025 — not a current signal.
Reviewers are split — see individual calls below.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
ICICI Prudential AMC IPO Grey Market Premium (GMP) Today
GMP
+₹460.0
GMP %
+21.25%
Est. Listing
₹2625.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in 1993, ICICI Prudential AMC is an Asset Management Company. Its investment approach has always been to manage risk first and aim for long term returns for their customers. ICICI Prudential AMC has active quarterly average asset under management (QAAUM). As of September 30, 2025, it has an QAAUM of 10,147.6 billion. The company offers Portfolio Management Services (PMS), Alternative Investment Fund (AIF), and Advisory services to offshore clients. The company manage the largest number of schemes in the mutual fund industry. As of September 30, 2025, with 143 schemes comprising 44 Equity and Equity Oriented Schemes, 20 debt schemes, 61 passive schemes, 15 domestic fund-of-funds schemes, one liquid scheme, one overnight scheme and one arbitrage scheme. The company has strong PAN India distribution network with 272 offices across 23 states and 4 union territories. Services: Mutual Fund Business: Equity and Equity Oriented Schemes, Debt schemes, Exchange-traded funds and index schemes, Arbitrage schemes and Liquid and overnight schemes. Portfolio Management Business: ICICI Prudential PMS Contra Strategy, ICICI Prudential PMS PIPE Strategy, ICICI Prudential PMS Growth Leaders Strategy, ICICI Prudential PMS Value Strategy, ICICI Prudential PMS Large Cap Strategy, ICICI Prudential PMS ACE Strategy. Alternative Investment Fund Business: Offer multiple offerings across Category II and Category III alternative investment funds registered with SEBI. These offerings cater to diverse needs of sophisticated investors for asset allocation. As of September 30, 2025, the company has 3,541 full-time employees. Competitive Strengths Largest asset management company in India in terms of assets managed under active mutual fund 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 Consistent profitable growth track record Experienced management and investment team
Company Financials (₹ Cr)
As of 2025-09-30
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|---|
| Assets | 4,827.34 | 4,383.68 | 4,096.74 | 3,554.09 | 2,804.76 |
| Total Income | 2,949.61 | 4,979.67 | 2,458.23 | 3,761.21 | 2,838.18 |
| Profit After Tax | 1,617.74 | 2,650.66 | 1,327.11 | 2,049.73 | 1,515.78 |
| EBITDA | 2,210.10 | 3,636.99 | 1,837.55 | 2,780.01 | 2,072.58 |
| NET Worth | 3,921.56 | 3,516.94 | 3,272.28 | 2,882.84 | 2,313.06 |
| Reserves and Surplus | 3,903.91 | 3,432.85 | 3,254.63 | 2,798.75 | 2,228.97 |
Key Ratios
EPS
₹53.63
NAV
₹71.20
ROE
82.8%
RoNW
82.8%
P/B Value
30.41
P/E Ratio
40.37
Market Cap
₹107006.97 Cr
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Aditya Birla Sun Life AMC Limited | 129.2 | 27% | 22.5 | 32.3 | 32.2 |
| UTI Asset Management Company Limited | 359.4 | 16.3% | 19.8 | 57.4 | 57.1 |
| Nippon Life India Asset Management Limited | 66.4 | 31.4% | 41 | 20.3 | 20 |
| HDFC Asset Management Company Limited | 189.8 | 32.4% | 45.2 | 57.6 | 57.4 |
| ICICI Prudential Asset Management Company Limited This IPO | 71.2 | 82.8% | — | 53.6 | 53.6 |
Promoters
ICICI Bank Ltd. and Prudential Corp.Holdings Ltd.
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹2,458.23 Cr in the period ending 30 Sep 2024, rising to ₹4,979.67 Cr by 31 Mar 2025, before decreasing to ₹2,949.61 Cr in the latest period ending 30 Sep 2025. This decrease is notable as the latest figure represents a 9-month period, not a full fiscal year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹1,327.11 Cr in the period ending 30 Sep 2024, increasing to ₹2,650.66 Cr by 31 Mar 2025, before dropping to ₹1,617.74 Cr in the latest period ending 30 Sep 2025. Similar to the total income, this latest figure is from a 9-month period, making direct comparison with the previous full year less straightforward.
Valuation
At the issue price of ₹2165.0, ICICI Prudential AMC has an implied P/E ratio of approximately 40.37 based on its EPS of ₹53.63. This is compared to its peers, which have P/E ratios ranging from 19.8 to 45.2.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the premium at which an IPO is expected to list compared to its issue price. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite. However, GMP is not a guaranteed indicator of listing performance.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's essential to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who prefer stable, low-risk investments or those who are not comfortable with potential fluctuations in stock prices may want to avoid investing in IPOs like this, which can be subject to high volatility.
IPO Timeline, Explained
The IPO will open for subscription on December 12, 2025, and will close on December 16, 2025. Allotment of shares will be done on December 17, 2025, with the listing expected on December 19, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the first day of trading. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance. Investors should be aware of the risks involved in trading on listing day.
This evaluation is generated from ICICI Prudential AMC's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is ICICI Prudential AMC IPO GMP today?
ICICI Prudential AMC IPO GMP today is +₹460.0 (21.25%), indicating an estimated listing price of ₹2625. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of ICICI Prudential AMC IPO?
The price band of ICICI Prudential AMC IPO is ₹2061.0–₹2165.0 per share.
When does ICICI Prudential AMC IPO open and close?
ICICI Prudential AMC IPO opens on 12 December 2025 and closes on 16 December 2025.
When does ICICI Prudential AMC IPO list on the stock exchange?
ICICI Prudential AMC IPO listed on 19 December 2025 at ₹2625.0.
What is the lot size for ICICI Prudential AMC IPO?
The lot size for ICICI Prudential AMC IPO is 6 shares, requiring a minimum investment of ₹12,990.
What is the price band for the IPO?
The price band for the IPO is ₹2061.0 to ₹2165.0.
What is the minimum investment required?
The minimum investment required is ₹12,990.0.
What is the lot size for this IPO?
The lot size for this IPO is 6 shares.
When is the IPO expected to be listed?
The IPO is expected to be listed on December 19, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which an IPO may list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Dec 2025
Close
16 Dec 2025
Allotment
17 Dec 2025
Listing
19 Dec 2025
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