ICICI Prudential AMC IPO Day 3: Rs 10,603-crore Issue Closes with 39× Subscription
- 16th December 2025
- 12:00 AM
- 3 min read
Summary
The ICICI Prudential Asset Management Company IPO closed on December 16 with strong investor participation, ending the bidding period with an overall subscription of 39.17 times. Institutional investors led the demand, while allotment is expected to be finalised on December 17 ahead of the stock’s tentative listing on December 19.Mumbai | December 16, 2025
The initial public offering (IPO) of ICICI Prudential Asset Management Company (ICICI Pru AMC) concluded on Tuesday after witnessing robust demand across investor categories. The ₹10,603-crore public issue, which opened for subscription on December 12, attracted significant interest, particularly from institutional investors, underscoring sustained appetite for India’s asset management space.
The IPO was priced in the range of ₹2,061 to ₹2,165 per share and was structured entirely as an offer for sale by existing shareholders.
ICICI Prudential AMC IPO Subscription Status – Day 3
| Investor Category | Subscription (times) |
| Qualified Institutional Buyers (QIB) | 123.87 |
| Non-Institutional Investors (NII) | 22.04 |
| Retail Individual Investors (RII) | 2.53 |
| Shareholder Category | 9.75 |
| Total | 39.17 |
The subscription data highlights overwhelming participation from Qualified Institutional Buyers, while non-institutional and retail investors also showed steady interest through the final day of bidding.
Grey Market Trend
Ahead of listing, ICICI Prudential AMC’s unlisted shares were trading at a premium of around 15.5 percent over the IPO price in the unofficial market, indicating expectations of a firm market debut.
Disclaimer: Grey Market Premium (GMP) is unofficial and based on market speculation. It is not regulated by stock exchanges or SEBI.
ICICI Prudential AMC IPO: Key Details
| Particulars | Details |
| Price band | ₹2,061 – ₹2,165 per share |
| Subscription period | December 12 to December 16 |
| Basis of allotment | December 17 |
| Listing date | December 19 |
| Exchanges | BSE, NSE |
Offer Structure
The ICICI Prudential AMC IPO was entirely an offer for sale, meaning the company will not receive any proceeds from the issue. All shares offered were sold by existing shareholders, resulting in a change in shareholding structure rather than capital infusion for business expansion.
Allotment and Listing Timeline
Following the closure of the issue, the basis of allotment is expected to be finalised on December 17. Shares will subsequently be credited to the demat accounts of successful applicants, while refunds for non-allottees will be processed as per the IPO schedule. The stock is slated to debut on the BSE and NSE on December 19, 2025.
Issue Management
The IPO was managed by multiple book-running lead managers, including Citigroup Global Markets India, while KFin Technologies Ltd has been appointed as the registrar to the issue.
About the Company
ICICI Prudential AMC is one of India’s leading asset managers, with a strong presence across equity, debt, hybrid and passive funds. Backed by ICICI Bank and Prudential plc, the fund house has built a wide distribution network and a long operating track record, catering to retail, HNI and institutional investors across the country.
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