The market is bracing for one of the biggest financial events of the year as ICICI Prudential Asset Management Company prepares to hit the bourses with
its Rs 10,602 crore public issue. After spending more than thirty years steering the investments of millions of Indian households, the fund house is now ready to face the public markets for the first time. The subscription window opens on Friday, December 12, marking a pivotal moment for one of the country’s most influential asset managers. The issue, scheduled for bidding between December 12 and 16, is purely an offer for sale. In simple terms, existing shareholders will offload part of their holdings, while the company itself will not raise any fresh capital. The price range has been fixed between Rs 2,061 and Rs 2,165 per share. With allocation expected on December 17, the listing is lined up for December 19 on both the BSE and NSE. Retail participants will need to apply for at least 6 shares, placing the minimum investment at Rs 12,990. Since the structure does not involve new issuance, the IPO’s primary function is to provide a partial exit for current owners without altering the firm’s business model or operational framework. Heavyweights Behind The Offering The book is being run by an extensive lineup of global and domestic investment banks, including Citigroup, Morgan Stanley, BofA Securities, CLSA, Axis Capital, Kotak Mahindra Capital, SBI Capital Markets, Goldman Sachs, IIFL, and Nomura, among others. KFin Technologies will oversee allotment and administrative processing. The sheer scale of the syndicate reflects the significance of the offering and the attention it is expected to draw across investor categories. Lates GMP The latest GMP for the ICICI Prudential AMC IPO is Rs 147, as of Dec 11, 2025, 07:36 pm, according to the grey market tracking website, Investorgain. Based on the price band of Rs 2,165, the estimated listing price is Rs 2,312 (cap price + today’s GMP). This implies an expected gain of 6.79 per cent per share.
