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ICICI Pru AMC files DRHP for ₹10,000 cr IPO

Business Standard

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July 10, 2025

UK-based Prudential plans to divest 10% stake

- ABHISHEK KUMAR & SAMIE MODAK

ICICI Prudential Asset Management Company (AMC) has filed a draft red herring prospectus (DRHP) with the markets regulator for an initial public offering estimated at ₹10,000 crore, one of the largest in the financial services sector.

The IPO will be entirely an offer for sale, with UK-based Prudential Corporation Holdings Ltd (PCHL) planning to divest a 10 per cent stake. Prudential currently holds 49 per cent in the joint venture, while the remaining 51 per cent is owned by ICICI Bank.

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