Newsletter
ICICI Prudential Asset Management Company has filed preliminary papers with the SEBI aiming to launch an IPO that could raise up to ₹10,000 crore.
The company is the second largest mutual fund house in terms of managed assets in India
The deets: the listing will value the firm at around $12 billion.
But here’s the kicker, it’s a pure OFS. All 1.76 crore shares will be sold by foreign partner Prudential Corporation Holdings, so none of the IPO money goes to the company itself.
Why it matters: this would make ICICI AMC the fifth ICICI Group company to go public, and the fifth listed AMC in India, joining HDFC AMC, Nippon India, Aditya Birla Sun Life, and UTI AMC.
Big theme: India’s asset management industry has more than doubled in size in the last five years, with total AUM hitting ₹55 lakh crore. Rising SIP flows, digital access, and strong retail participation are giving AMCs a serious growth runway.
