ICICI Prudential AMC Plans Big IPO in FY25, Know All Details about Rs.10,000 IPO

ICICI Prudential Asset Management Company (AMC), one of India’s top mutual fund companies, is preparing to launch its Initial Public Offering (IPO) — a big move that could take place in the third quarter of the financial year 2024–25 (Q3 FY25). This means the company could be listed on the stock market by the end of 2024 or early 2025.

The company is expected to file its DRHP (Draft Red Herring Prospectus) with SEBI by the end of June 2025. Filing this document is the official first step toward getting listed on the stock market. It includes all the financial and business details SEBI needs to review before giving approval for the IPO.

This IPO will be a pure Offer for Sale (OFS). That means ICICI Bank is not selling any of its stake. Instead, UK-based Prudential Plc, the co-owner of the company, will sell part of its holdings.

How Much Money Will Be Raised?

The company aims to raise around ₹10,000 crore through this IPO. However, the final amount could change depending on:

• The number of shares being sold, and
• The price of those shares during listing (valuation).

Investor interest in financial sector stocks is increasing. More and more Indians are putting money into mutual funds, especially through SIPs (Systematic Investment Plans). Market conditions are favorable, and investor confidence is high. This is why ICICI Prudential AMC sees this as the right time to go public.

This will be a Big IPO

This IPO is going to be big — and you can tell by the number of banks involved. ICICI Prudential AMC has partnered with 17 investment banks to handle the IPO. That’s a record number, showing just how large and complex this IPO is expected to be.

Some of the major banks involved include:

• ICICI Securities
• Citi
• Kotak Mahindra Capital
• Axis Capital
• HSBC Securities
• BofA Securities (Bank of America)
• Morgan Stanley
• Nomura
• SBI Capital Markets

The large team is needed to make sure the IPO attracts investors from India and abroad, including large institutions and regular retail investors.

Company Strength: Market Share and Growth

• As of March 2025, ICICI Prudential AMC manages over ₹5 lakh crore in assets.
• It is one of the largest mutual fund companies in the country.
• The company is also known for its strong profitability and steady growth in SIP investments.
• With stock markets performing well and mutual funds becoming more popular, the timing seems perfect for a public offering.

What will Happen After the IPO?

After going public, ICICI Prudential AMC is likely to:

• Get greater visibility in the market,
• Be held to higher governance and transparency standards, and
• Have more funds and flexibility to grow, expand digitally, and offer new types of investment products.

It also brings the company in line with others in the same industry like HDFC AMC and Nippon India AMC, which are already listed and have seen strong interest from investors.

Why This IPO Is Important

This IPO is being seen as a milestone event in India’s asset management industry. It could:

• Set the tone for other upcoming AMC listings,
• Draw attention to mutual fund companies,
• Offer a new investment opportunity to the public, and
• Help the industry grow faster with better access to capital and technology.

Conclusion

ICICI Prudential AMC’s IPO is not just another stock listing — it’s a big moment for the mutual fund industry in India. With the backing of major financial institutions, strong business performance, and a massive team of bankers managing the issue, the IPO is expected to draw interest from all types of investors.

As the company files its DRHP and moves closer to launch in Q3, investors and market watchers will be keeping a close eye on SEBI’s approvals and market reactions. This could very well become one of the most talked-about IPOs of the year.