ICICI Prudential AMC filed for an IPO through an offer for sale by PCHL. ICICI Bank plans to buy an additional 2% stake to retain majority control. The AMC posted ₹2,651 crore PAT in FY25 with ₹4,384 crore assets.
The benchmark BSE Sensex hovered around 83,680 with little movement, while the NSE Nifty 50 remained steady near 25,506. Investor sentiment turned cautious following U.S. President Donald Trump's warning of heavy tariffs on pharmaceutical imports, an important export sector for Asian markets.
ICICI Prudential Asset Management Company, India's second-largest mutual fund manager by assets, has filed for an IPO comprising an offer for sale of up to 17.7 million shares, draft papers filed late on Tuesday.
ICICI Prudential Asset Management Company (ICICI Prudential AMC), a subsidiary of ICICI Bank, has filed draft documents with SEBI and the stock exchanges (BSE and NSE) on July 8, 2025, for its Initial Public Offering (IPO). The IPO will be an offer for sale (OFS), where Prudential Corporation Holdings Limited (PCHL) will sell up to 10% of its stake in the company. The final IPO size will depend on market conditions and approvals.
On the same day, ICICI Bank signed an agreement with PCHL to buy up to 2% more shares in ICICI Prudential AMC before the IPO. This deal is meant to help ICICI Bank keep its majority ownership in case the AMC issues stock to employees. ICICI Bank currently holds 51%, and PCHL holds 49%. The share purchase will require approvals, including from the Reserve Bank of India (RBI), and will be done in cash.
ICICI Prudential AMC, set up in 1993, manages mutual funds, portfolio management, alternative investment funds, and advisory services for global clients. ICICI Prudential AMC held total assets of ₹4,384 crore as of March 31, 2025. It reported a turnover of ₹4,980 crore in the financial year 2025 and a profit after tax of ₹2,651 crore. It reported a turnover of ₹3,761 crore in FY24 and ₹2,838 crore in FY23.
On Wednesday, the share price of ICICI Bank was trading in the negative territory. as of 10:34 am IST, the stock was trading at ₹1,431.50 per share, down by 0.73%.
Looking at the stock performance, the stock price has gained 15.46% the last 12 months. On a year-to-date basis, the stock is up by 11.64%. In the last 5 years, the stock has delivered significant returns of almost 289%.
ICICI Prudential Asset Management Company is a prominent player in the asset management industry, primarily focusing on managing mutual funds and providing portfolio management services. They cater to a wide range of investors across India and also offer advisory services in international markets. Their business involves investment management for various financial products, including alternative investment funds.
Disclaimer: The article is for informational purposes only and not investment advice.
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