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₹2,165 - 2,165
ICICI Prudential Asset Management Co Ltd
FinanceIPO
₹2,165 - 2,165
We are involved in (i) managing mutual funds, (ii) providing portfolio management services, (iii) managing alternative investment funds, and (iv) providing advisory services to offshore clients. We are the investment manager to ICICI Prudential Mutual Fund. In addition to our mutual fund business, we have a growing alternates business, across PMS, AIF and offshore businesses. We offer a range of savings and investment products across multiple financial asset classes, structured to address a diverse spectrum of our clients' objectives and risk appetites, from income accrual to long-term wealth creation.
Lot6Min Invest₹12,990Face Value₹1Issue Size₹10,603 CrOffer for Sale₹10,603 CrListing Price₹2,606CMP₹2,971
Timeline
12 Dec
Bidding opens
16 Dec
Bidding closes
17 Dec
Allotment
18 Dec
Refund & demat credit
19 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹10,603 Cr4.90 Cr shares
Offer for Sale₹10,603 Cr
Face Value₹1
Lot Size6 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹12,9901-15 lots
sNII₹2,07,840from 16 lots
bNII₹10,00,230from 77 lots
Managers & Registrar
Lead ManagerCitigroup Global Markets India Private Limited
Co-ManagerICICI Securities Limited, Morgan Stanley India Company Private Limited, Goldman Sachs (India) Securities Private Limited, BofA Securities India Limited, Avendus Capital Private Limited, Axis Capital Limited, BNP Paribas, CLSA India Private Limited, HDFC Bank Limited, IIFL Capital Services Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Limited, Nomura Financial Advisory & Securities (I) Pvt Ltd, Nuvama Wealth Management Limited, SBI Capital Markets Limited, UBS Securities India Private Limited
RegistrarKFin Technologies Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrPrudential Corporation Holdings LimitedPRMTR4,89,72,99410,602.65Total4,89,72,99410,602.65
Shareholding
CategoryPre IPOPost IPOPromoter Group100%90.09%Public0%9.91%
Objects of the Issue
- Listing the Equity Shares on the Stock Exchanges.
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | Latest |
|---|---|---|---|
| RevenueCr | 3,758 | 4,977 | 5,469 |
| Operating ProfitCr | 2,761 | 3,616 | 3,892 |
| OPM% | 73.5 | 72.7 | 71.2 |
| PBTCr | 2,698 | 3,533 | 0 |
| PATCr | 2,050 | 2,651 | 2,941 |
| EPS | - | - | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Largest asset management company in India in terms of assets managed under active mutual fund schemes and equity and equity oriented schemes.
- Largest Individual Investor franchise in India in terms of mutual fund assets under management.
- Diversified product portfolio across asset classes.
- Pan-India, multi-channel and diversified distribution network.
- Investment performance supported by comprehensive investment philosophy and risk management.
- Consistent profitable growth.
Strategies · as stated in the DRHP
- Maintain focus on investment performance with a risk calibrated approach.
- Expand our customer base through distinct initiatives, increase penetration in existing and new markets and strengthen relationships with our distributors.
- Grow our Alternates business.
- Diversify our product portfolio to suit dynamic customer needs.
- Leverage our technology and scale digital capabilities to drive customer acquisition, enhance customer experience.
Risks · as stated in the DRHP
- Factors beyond its control such as adverse market or economic conditions could affect the company business, including by reducing the value of its assets under management, causing a decline in the company management fees from mutual fund operations, portfolio management services, alternative investment funds or fees from advisory services and thereby, adversely affect its business, results of operations, financial condition and cash flows.
- If its investment products under perform, the company assets under management, including its portfolio management services assets under management, alternative investment funds assets under management and advisory assets could decline and adversely affect the company business, results of operations, financial condition and cash flows.
- The company historical performance is not indicative of the company future growth and if its fail to manage the company growth or successfully implement its growth strategies, the company business, results of operations, financial condition and cash flows may be adversely affected.
- Competition from existing and new market participants offering investment products could reduce its growth, market share or put downward pressure on the company fees, which in turn could has an adverse effect on its business, results of operations, financial condition and cash flows.
- Its depends on the strength of brand and reputation of the company Promoters, as well as the brand and reputation of other ICICI group entities and Prudential group entities. Any harm to the reputation of ICICI group entities or Prudential group entities could adversely affect its business, results of operations, financial condition and cash flows.
- The company investment management, portfolio management, investment advisory agreements and other business commitments may generally be terminated by the counter parties, making its future customer and revenues unpredictable.