ICICI Prudential AMC IPO Analyzed
Key Points
- Large sale: Prudential selling up to 49 million shares.
- Price Range: ₹2,061 – ₹2,165 per share.
- Potential Gain: ₹10,602.65 crore for Prudential.
- Investor Response: Initial subscriptions are low (11%).
- Positive Signals: Grey market premium indicates optimism.
- Listing Date: Expected on Friday, December 19, 2025.
The ICICI Prudential AMC IPO is a significant event, involving Prudential Corporation Holdings offloading a large number of shares. The IPO, launched on December 12, 2025, is structured as a pure Offer for Sale (OFS), meaning the asset management company itself isn’t receiving any of the funds raised.
The company has set a price band of ₹2,061 to ₹2,165 per share, allowing investors to purchase a minimum of six shares. Based on Prudential’s historical acquisition cost of approximately ₹2 per share, a total investment of ₹9.79 crore (₹9,79,45,988) could yield a potential pre-tax gain of around ₹10,602.65 crore (₹1,06,02,65,32,010) if the entire IPO is fully subscribed by the deadline of Tuesday, December 16.
However, initial investor response has been lukewarm, with subscriptions accounting for just 11% as of 1:00 PM on Friday. Despite this, positive signals are emerging. Grey market indicators show the unlisted shares trading around ₹2,342 apiece, suggesting a grey market premium (GMP) of ₹177 per share – or 8.18 percent – above the upper end of the price band. Brokerages like Anand Rathi Research and Canara Bank Securities have issued a “subscribe” rating for long-term investors, citing the company’s strong assets under management, prominent market position, and consistent performance.
The subscription process is scheduled to close on Tuesday, December 16. The basis of allotment will be decided on Wednesday, December 17, with shares expected to be credited to demat accounts on Thursday, December 18. Finally, the stock is expected to list on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on Friday, December 19, 2025.
“This IPO presents a strategic opportunity for long-term investors seeking exposure to a leading asset management company’s robust growth potential.”
