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India's ICICI Prudential IPO Set to Launch Next Week
3 Dec, 2025
Summary
- ICICI Prudential AMC plans to raise around 107 billion rupees.
- The company is seeking a valuation of approximately $12 billion.
- This IPO could propel India's market beyond last year's record.
ICICI Prudential Asset Management Co. is gearing up to launch its initial public offering, with plans to raise approximately 107 billion rupees (around $1.2 billion) as early as next week. The company has filed an updated draft offer document and is targeting a valuation of approximately $12 billion.
This planned offering marks a significant event for India's financial market, potentially becoming the fifth listing of over a billion dollars this year. A successful debut could help the nation's IPO market surpass the record sum raised in the previous year, with companies having already secured about $19.6 billion in 2025.
The public subscription is anticipated to commence later next week, following the announcement of the price band. The joint venture, with ICICI Bank holding 51% and Prudential Plc holding the remaining stake, is managed by a record 18 bankers.
