The initial public offering (IPO) of ICICI Prudential Asset Management Company (AMC) has concluded its subscription process, drawing significant attention from investors across India. The offer, which was open for bidding from December 12 to December 16, 2025, has now entered the critical phases of allotment and listing preparation. This marks a major event in the Indian stock market, as one of the country's leading asset managers makes its public debut.
Subscription Status and Investor Response
The IPO received a robust response from all categories of investors. According to data available until the final day, the issue was subscribed multiple times over. The portion reserved for qualified institutional buyers (QIBs) was heavily oversubscribed, reflecting strong institutional confidence. The non-institutional investor (NII) segment, which includes high-net-worth individuals, also showed keen interest. The retail investor segment, a key gauge of public sentiment, subscribed enthusiastically, ensuring the issue's overall success.
The IPO was a pure offer for sale (OFS) of up to 2.5 crore equity shares by existing shareholders. This means the company itself will not receive any fresh capital from the issue; instead, the selling shareholders will divest part of their stake. The price band for the offer was set at Rs 575 to Rs 605 per share, valuing the company at a significant premium and underlining its strong market position.
Grey Market Premium (GMP) and Allotment Details
In the unofficial grey market, shares of ICICI Prudential AMC have been commanding a premium, known as the grey market premium or GMP. This premium indicates the market's expectation of a strong listing gain. While the GMP is subject to daily fluctuations based on market sentiment, it has remained positive, suggesting a likely listing at a price higher than the issue price band. However, investors are reminded that the GMP is an unofficial indicator and not a guaranteed predictor of listing price.
The basis of allotment for the IPO is expected to be finalized on Thursday, December 19, 2025. On this date, the registrar will finalize the share allocation process. Successful applicants will see the shares credited to their demat accounts, while those who did not receive an allotment will see their blocked funds refunded. Investors can check their allotment status on the official registrar's website or through their respective brokerage platforms using their application number or PAN details.
Listing Date and Future Outlook
The equity shares of ICICI Prudential AMC are scheduled to be listed on both the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange) on Monday, December 23, 2025. This listing will provide liquidity to the existing shareholders who offered their shares and will allow public investors to trade the stock freely. The listing performance will be closely watched as a barometer for the asset management sector and financial services IPOs in general.
As a dominant player in India's mutual fund industry, ICICI Prudential AMC's market debut is a landmark event. The company's strong brand, extensive distribution network, and consistent performance have been key selling points. Analysts believe the listing could reinforce positive sentiment in the financial markets and potentially pave the way for other asset management companies to consider public offerings. Investors are advised to track the company's fundamentals and market conditions post-listing for informed decision-making.
