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ICICI Pru AMC eyes ₹1.07 trn valuation
Business Standard
|December 09, 2025
IPO to open Friday; price band set at ₹2,061-2,165/share
ICICI Prudential Asset Management Company has set a price band of ₹2,061-₹2,165 per share for its ₹10,600-crore initial public offering (IPO) that will open on Friday. At the upper end of the band, the country’s largest asset manager will command a valuation of ₹1.07 trillion.
The offering is entirely an offer-for-sale (OFS) by UK-based Prudential, which currently owns 49 per cent in the joint venture with ICICI Bank. Through the issue, the global financial services major aims to offload 10 per cent stake. ICICI Bank will continue to hold the remaining 51 per cent.
The stake sale could deliver a significant windfall for Prudential, whose acquisition cost for the 10 per cent stake was just about ₹10 crore.
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