Who are the key investors in ICICI Prudential AMC's pre-IPO placement?

Key investors include Lunate Capital, the estate of Rakesh Jhunjhunwala, Manish Chokani, Madhusudan Kela, and ICICI Bank.

How much capital did ICICI Prudential AMC raise before its IPO?

ICICI Prudential AMC raised ₹4,815 crore through a pre-IPO placement from 26 investors.

What is the total mutual fund QAAUM of ICICI Prudential AMC?

As of September-end, ICICI Prudential AMC's total mutual fund QAAUM was ₹10.15 lakh crore.

Home / Business and Economy / ICICI Prudential AMC Pre-IPO Placement Raises ₹4,815 Crore

ICICI Prudential AMC Pre-IPO Placement Raises ₹4,815 Crore

11 Dec

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Summary

₹4,815 crore raised from 26 marquee investors.
Top investors include Lunate Capital and Rakesh Jhunjhunwala's estate.
ICICI Bank invested ₹2,140 crore for a 2% stake.

ICICI Prudential AMC Pre-IPO Placement Raises ₹4,815 Crore

ICICI Prudential Asset Management has successfully garnered ₹4,815 crore from a pre-IPO placement, attracting investment from 26 high-profile investors. This private placement of equity shares was conducted at an issue price of ₹2,165 per share, signaling substantial investor appetite.

The strong backing comes from a diverse group, including sovereign funds like Lunate Capital, the estate of Rakesh Jhunjhunwala, and prominent financial industry leaders such as Manish Chokani and Madhusudan Kela. Furthermore, ICICI Bank significantly increased its commitment, injecting ₹2,140 crore to acquire an additional 2% stake.

This substantial pre-IPO funding round precedes the company's upcoming offer-for-sale of up to 48,972,994 shares by its promoter, Prudential Corporation Holdings. As of September-end, ICICI Prudential AMC managed a mutual fund QAAUM of ₹10.15 lakh crore, highlighting its significant market presence.