ICICI Prudential AMC has filed for an IPO with an approximate size of ₹10,000 crore, with no fresh issue of shares.
The offer includes a reservation for eligible ICICI Bank shareholders, as ICICI Prudential AMC is a joint venture between ICICI Bank and Prudential Plc.
Post IPO, ICICI Group will have four listed entities, making ICICI Prudential AMC the sixth asset management company to list on the bourses.
ICICI AMC reported a strong financial performance last fiscal, with a 29% increase in net profit to ₹2,651 crore and a 39% rise in revenue to ₹4,683 crore.