Thursday, October 29, 2026

ICICI Prudential AMC raises over ₹3,000 crore from 149 anchor investors ahead of IPO opening

Date:

ICICI Prudential Asset Management Company has raised ₹3,027 crore through the issue of shares to 149 anchor investors, ahead of its ₹10,602 crore IPO opening for subscription on Friday, December 12.Life Insurance Corporation of India, Capital Group Global Equity Fund (Canada), Government of Singapore are funds that have received the highest number of shares in the anchor book, followed by Aranda Investments and Zulia Investments Pte. Ltd.

Fund % Of Anchor Book
LIC 5.63
Capital Group Global Equity Fund 5.59
Government Of Singapore 4.75
Zulia Investments Pte Ltd. 4.11
Aranda Investments Pte Ltd. 4.11

The board approved the issue of 1.39 crore equity shares to anchor investors at ₹2,165 apiece, which is the upper end of the price band.
Within the anchor book, ICICI Prudential AMC will also be issuing 46.62 lakh equity shares or 33.4% of the total anchor allocation to 27 domestic mutual funds, who have placed bets through 77 active schemes of theirs.
HDFC MF, SBI MF, Nippon life India MF were some of the funds who got a higher allocation through various schemes.The ICICI Prudential AMC IPO is India’s fourth largest IPO of 2025, following Tata Capital, HDB Financial and LG Electronics India. At ₹10,602 crore, the issue is a complete offer for sale, with Prudential being the selling shareholder.

Retail investors can bid for one lot of six shares, which will entail a minimum investment of ₹12,990. 35% of the issue is reserved for retail investors.

At the upper end of the price band, the company is aiming for a post-issue market capitalization of nearly ₹1.1 lakh crore.

AS per reports, the current Grey Market Premium (GMP) in the unlisted space for ICICI Prudential AMC, is at ₹120. These rates, however, are speculative, and the actual listing price could differ from the GMP levels.

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