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ICICI Prudential AMC files for ₹10,000 cr IPO

  • 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.

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