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ICICI Prudential Asset Mgmt. Company Ltd.December 14, 2025

ICICI Prudential AMC IPO: RHP Simplified

A breakdown of ICICI Prudential Asset Management Company Limited's Red Herring Prospectus and IPO details. The company is a leading asset manager in India involved in mutual funds, portfolio management services, and alternative investment funds.

#IPO#Asset Management#Mutual Funds#Financial Services#RHP

Business Overview

ICICI Prudential Asset Management Company Limited is a leading asset management company in India. It is the investment manager to ICICI Prudential Mutual Fund and manages a comprehensive range of savings and investment products across multiple asset classes.

The company operates in four primary business lines: Mutual Funds, Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), and Advisory Services for offshore clients. As of September 30, 2025, it managed a Total Quarterly Average Assets Under Management (QAAUM) of ₹10,876.9 Billion.

Key Differentiator: It is the largest asset management company in India in terms of active mutual fund QAAUM and has the highest market share in Equity and Equity Oriented Schemes as of September 30, 2025.

IPO Details

Open Date
2025-12-12
Close Date
2025-12-16
Listing Date
2025-12-19
Price Band
₹2061 - ₹2165
Lot Size
6
Issue Size
₹10,602.65 Crore

Sentiment Analysis

Sentiment Dashboard

Social Media Hype
Neutral
BearishNeutralBullish
Summary: ICICI Prudential AMC is the largest asset management company in India in terms of active mutual fund QAAUM with a market share of 13.3% as of September 30, 2025. The company leverages the strong brand reputation of its promoters, ICICI Bank and Prudential, but faces risks related to market volatility and competition.

Financials

Financial Performance

₹4977Cr₹3733Cr₹2489Cr₹1244Cr₹0Cr
Rev: ₹2837.35Cr
Prof: ₹1515.78Cr
FY 2023
Rev: ₹3758.23Cr
Prof: ₹2049.73Cr
FY 2024
Rev: ₹4977.33Cr
Prof: ₹2650.66Cr
FY 2025
Revenue
Profit
Loss
MetricFY 2023FY 2024FY 2025
Revenue₹2837.35 Cr₹3758.23 Cr₹4977.33 Cr
Net Profit₹1515.78 Cr₹2049.73 Cr₹2650.66 Cr
Margin53.42%54.54%53.25%

Funds Usage

ObjectiveAmount
Offer for Sale by Promoter Selling Shareholder (Prudential Corporation Holdings Limited)Entire Proceeds
Listing BenefitsNil to Company

👍 Strengths

  • Market Leadership: Largest asset management company in India in terms of active mutual fund QAAUM with a market share of 13.3% as of September 30, 2025.
  • Diversified Product Portfolio: Manages 143 schemes including 44 Equity/Equity Oriented, 20 debt, and 61 passive schemes; leading market share in Equity Oriented Hybrid Schemes.
  • Strong Distribution Network: Pan-India network comprising 272 offices, leveraging ICICI Bank's network and over 110,719 distributors.
  • Consistent Financial Performance: Identified as the most profitable asset management company in India in terms of operating profit before tax for FY 2025.
  • Trusted Brand: Benefits from the strong brand reputation of Promoters, ICICI Bank Limited and Prudential Corporation Holdings Limited.

⚠️ Risks

  • Market Volatility: Business and AUM are significantly affected by fluctuations in Indian securities markets and general economic conditions.
  • Investment Performance: Underperformance of investment products could lead to reduced inflows and increased redemptions, impacting AUM and revenue.
  • Competition: Intense competition from existing and new market participants could reduce market share or put downward pressure on fees.
  • Regulatory Risk: Operations are in a highly regulated industry; non-compliance or changes in laws could adversely affect business.
  • Dependency on Promoters: Reliance on the brand and reputation of ICICI Bank and Prudential; reputational harm to promoters could impact the company.

Peer Comparison

HDFC Asset Management Company Limited

Revenue

₹3,498.44 Cr

P/E Ratio

45.2x

Nippon Life India Asset Management Limited

Revenue

₹2,230.69 Cr

P/E Ratio

41.0x

UTI Asset Management Company Limited

Revenue

₹1,851.09 Cr

P/E Ratio

19.8x

Aditya Birla Sun Life AMC Limited

Revenue

₹1,684.78 Cr

P/E Ratio

22.5x

Disclaimer

The content provided on this website is for informational and educational purposes only and does not constitute financial, investment, or trading advice. We are not SEBI registered advisors. Please consult with a certified financial advisor before making any investment decisions. Investments in the stock market are subject to market risks; read all scheme-related documents carefully.

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