Book-building: Standard SEBI allocation: ≤50% QIB, ≥15% NII, ≥35% Retail, and a special quota for ICICI Bank shareholders.
Lead Managers: Record-setting syndicate of 17–18 banks, including Citi, Morgan Stanley, BofA Securities, Axis Capital, ICICI Securities, Goldman Sachs, SBI Capital, etc.
ICICI Bank plans to acquire an additional ~2% equity in AMC to maintain majority control.
Valuation: The IPO could value ICICI Prudential AMC at $12 billion).
Market standing: It’s India’s second-largest asset manager, with QAAUM ~₹8.8 lakh crore and ~13.3%–13.4% equity market share as of March 2025.
Trend: Expected to be the second-largest IPO in India for 2025 and the fifth listing from the ICICI group (following ICICI Bank, ICICI Prudential Life, ICICI Lombard, and ICICI Securities).
Price band, subscription dates, and listing date are yet to be finalized and will be announced post-DRHP approval.
Estimated launch: Likely in Q3 2025 (July–September).
