Highlights

• ICICI Prudential AMC’s IPO was subscribed nearly 39 times during the issue period from December 12 to 16.
• The share price stood at ₹2,600, reflecting a 20.09% gain over the issue price of ₹2,165.
• The listing was below grey market expectations that had projected a premium of 17–25%.

ICICI Prudential Asset Management Company Limited made its stock market debut on 19 December 2025 following a heavily subscribed initial public offering (IPO) in December. While the issue drew significant demand in the primary market, the listing performance did not align with grey market projections. As of December 19, 2025, the ICICI Prudential AMC share price was recorded at ₹2,600, marking a notable rise over the IPO issue price of ₹ 2,165.

The IPO of ICICI Prudential AMC witnessed robust participation across investor categories, achieving an overall subscription of approximately 39 times. The demand highlighted market interest in the asset management business amid continued expansion of the mutual fund industry in India. The issue was open for subscription between December 12 and December 16 in the primary market.

Despite the high subscription figures, the market debut did not match the anticipated premium levels indicated by the grey market prior to listing.

Share Price Performance on Listing Day

On December 19, 2025, at 11:20 IST, ICICI Prudential AMC shares were trading at ₹2,600. This marked an increase over the IPO issue price of ₹2,165, translating into a gain of 20.09%.

Company Overview and Business Presence

ICICI Prudential Asset Management Company is a prominent asset management firm in India, offering a wide range of mutual fund products and investment solutions. The AMC also provides portfolio management services and international advisory mandates across asset classes such as equity, debt and real estate.

Established in 1998 as a joint venture between ICICI Bank and Prudential plc, the company has expanded its operational footprint significantly. From two locations at inception, it now operates across 272 locations with over 3,500 employees nationwide.

Assets Under Management and Investor Base

As of September 30, 2025, ICICI Prudential AMC reported quarterly average assets under management (AUM) of over ₹10.87 lakh crore, including alternate investments. The company services a broad investor base of more than 1.55 crore individuals and offers over 143 mutual fund schemes across various investment categories.

Promoters and Parent Entities

The AMC is backed by ICICI Bank, a major private sector bank in India, and Prudential plc, a global financial services group operating across Asia and Africa. Eastspring Investments, part of Prudential plc, manages assets exceeding USD 228 billion globally as of June 30, 2023.