ICICI Prudential AMC IPO Day 2: Issue Sees Full Subscription Amid Strong Institutional Demand
- 15th December 2025
- 06:00 PM
- 3 min read
Summary
The ICICI Prudential Asset Management Company IPO gained strong traction on Day 2 of bidding, crossing full subscription levels on the back of robust participation from non-institutional and institutional investors. The ₹10,602-crore offer, which opened on December 12, continues to see steady interest ahead of the final day.Mumbai | December 15, 2025
The initial public offering (IPO) of ICICI Prudential Asset Management Company (ICICI Pru AMC) witnessed healthy demand on the second day of subscription, with the issue fully subscribed and overall bids moving higher through the session. The IPO is priced in the range of ₹2,061 to ₹2,165 per share and is structured entirely as an offer for sale by Prudential Corporation Holdings Ltd.
By mid-afternoon on Day 2, investor participation remained broad-based, with robust interest from non-institutional investors and Qualified Institutional Buyers, while retail bidding continued to build gradually.
ICICI Prudential AMC IPO Subscription Status – Day 2
| Category | Subscription |
| Qualified Institutional Buyers (QIB) | 2.22× |
| Non-Institutional Investors (NII) | 3.77× |
| Retail Investors (RII) | 0.82× |
| Overall Subscription | 1.92× |
Bidding remains ongoing for retail and NII investors, with attention on how demand shapes up ahead of the final day.
ICICI Prudential AMC IPO Price Band and Lot Size
ICICI Prudential AMC has fixed the price band for the IPO at ₹2,061–₹2,165 per share. Retail investors are required to apply for a minimum of one lot consisting of 6 shares, with applications allowed in multiples thereafter.
At the upper end of the price band, the minimum investment works out to ₹12,990 per lot.
ICICI Prudential AMC IPO: Allotment and Listing Dates
| Event | Date |
| Subscription period | December 12 to December 16 |
| Basis of allotment | December 17 |
| Initiation of refunds | December 18 |
| Credit of shares to demat | December 18 |
| Listing date | December 19 |
Grey Market Trend
In the unofficial market, ICICI Prudential AMC shares are trading at a premium of around 13 percent over the issue price.
Note: Grey market activity is not an official indicator, it reflects prevailing market sentiment and points to expectations of a steady listing rather than sharp upside.
About ICICI Prudential AMC
ICICI Prudential Asset Management Company is among India’s leading fund houses, with a strong presence across equity, debt, hybrid and passive investment strategies. Backed by ICICI Bank Ltd. and Prudential plc, the AMC serves retail, HNI and institutional investors through a wide distribution network and has built a long operating track record in India’s mutual fund industry.
ICICI Prudential AMC has active quarterly average asset under management (QAAUM). As of September 30, 2025, it has an QAAUM of 10,147.6 billion and manages 143 schemes.
Financial Performance
ICICI Prudential Asset Management Co.Ltd.’s total revenue increased by 32% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2025 and March 31, 2024.
| Particulars (₹ crore) | FY25 | FY24 | FY23 |
| Revenue from operations | 4,977 | 3,758 | 2837 |
| Profit after tax (PAT) | 2,650 | 2,049 | 1,515 |
What Market Participants Are Watching
As the IPO progresses toward its closing date, market participants are tracking whether retail participation picks up further and if institutional demand remains firm. Valuations, long-term earnings visibility and the company’s positioning within India’s expanding asset management landscape remain key areas of focus as the issue heads into its final days.
