ICICI Pru AMC Share Price, IPO Listing, GMP Live Updates: ICICI Prudential AMC made its stock market debut on Dalal Street today, with the company’s shares listing on both the NSE and BSE. The stock entered the market at a premium of 20%.
| ICICI Prudential AMC IPO | Key Details |
| Price Band | Rs 2,061-2,165 each |
| IPO Date | December 12-16 |
| GMP | 24% |
| IPO Allotment date | December 17 |
| Listing date | December 19 |
ICICI Prudential AMC IPO: Entirely an offer for sale
ICICI Prudential AMC’s IPO was entirely an offer for sale. This means that the company will not receive any money raised through the IPO. The issue price was fixed at Rs 2,165 per equity share. ICICI Prudential AMC IPO attracted over 55 lakh bids, becoming India’s fourth most subscribed IPO.
About ICICI Prudential AMC
ICICI Prudential AMC is India’s largest asset management company, commanding a 13.3% market share in active mutual fund QAAUM, with total QAAUM of Rs 10.15 lakh crore as of September 30, 2025. It also leads the industry in Equity and Equity-Oriented QAAUM with a 13.6% share. The company operates a strong nationwide distribution network with 272 offices across 23 states and 4 union territories.
ICICI Pru AMC Share Price, IPO Listing LIVE: Check here Live Coverage on ICICI Pru AMC IPO Listing, GMP, Share Price, Price Band, Review
ICICI Pru AMC Share Price, IPO Listing, GMP Live: PL Capital view on this company
“Over FY25-28, we expect 23% and 21% CAGR in equity and overall AAuM compared to 20% and 19% for the industry, which would translate to revenue/opex/core income CAGR of 18%, 17% and 18.5%, respectively. Core PAT to AAuM should range at 26-27bps (like HDFC AMC). At the upper bank of the IPO price, the stock is valued at 27x, which suggests a discount of 17% to HDFC AMC,” said PL Capital.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Mehta Equities on ICICI AMC post listing
"Listing was in line with our expectations, and even the market mood supported the debut. Post listing, the valuations are now in line with all the peers in the same business. With a strong pedigree of ICICI Bank and Prudential, robust digital adoption and low concentration risk across schemes, we believe ICICI Pru AMC could command a premium valuation multiple than its peers," said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Stock performance
At this hour, shares of ICICI Prudential Asset Management Company were trading lower on both exchanges. On the BSE, the stock was quoted at Rs 2,590, down 0.62%, while on the NSE it was trading at Rs 2,592.70, slipping 0.28%.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: PL Capital on ICICI AMC
"Over FY25-28, we expect 23% and 21% CAGR in equity and overall AAuM compared to 20% and 19% for the industry, which would translate to revenue/opex/core income CAGR of 18%, 17% and 18.5%, respectively. Core PAT to AAuM should range at 26-27bps (like HDFC AMC). At the upper bank of the IPO price, the stock is valued at 27x, which suggests a discount of 17% to HDFC AMC," said PL Capital.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Prabhudas Lilladher sees 30% upside
PL Capital has a target fo Rs 3,000 on ICICI Prudential Asset Management with a Buy Rating. They believe that 4 factors are supporting the share price-
-Strong performance/parentage which is driving the highest net equity flow market share (17.5% in 8MFY26) among AMCs
-Superior equity yields of 67bps due to lowest distributor payout
-It accounts for 73.7% of MF sales by ICICI Bank due to the latter’s closed architecture
-Higher share of non-MF revenue at 9.2% among peers
They belieev that the share price is going to trend higher on the back of these factors.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Expert's take on listing
"Short-term Investors and traders may consider booking profits after the strong listing gains, while long-term investors may hold the position from a medium-to-long-term perspective, keeping a stop-loss near Rs 2,350 to protect downside risk," said Shivani Nyati, Head of Wealth at Swastika Investmart.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Strong brand equity
The company's strong brand equity, consistent investment performance, and extensive distribution network have enabled it to build a resilient and scalable asset management franchise. The IPO witnessed healthy demand across investor categories, supported by the company’s strong market position, stable cash flow generation, and high return ratios. Structural tailwinds such as increasing SIP inflows, deeper penetration of mutual funds in tier-2 and tier-3 cities, and growing preference for professionally managed investments support long-term prospects.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Made strong listing on exchanges
ICICI Prudential Asset Management Company made a strong debut on the stock market, listing at a premium of around 20–22% over its issue price of Rs 2,165, said Shivani Nyati, Head of Wealth at Swastika Investmart. The company is among India’s leading asset management firms, backed by ICICI Bank and Prudential Plc, with a diversified presence across equity, debt, hybrid, and passive fund segments.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Share performance
After listing, ICICI Prudential Asset Management Company shares were trading higher on both exchanges. On the BSE, the stock was quoted at Rs 2,626.65, up Rs 20.45 or 0.78%, while on the NSE it was trading at Rs 2,613, gaining Rs 13 or 0.50%.
The share price of ICICI Prudential AMC hit the bourses today, December 19. The stock is listed at a premium of 20% to the issue price at Rs 2,600 on the National Stock Exchange. At the same time, the stock changed hands on the BSE for the first time at Rs 2,606, a premium of 20.3% to the issue price.
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ICICI Pru AMC Share Price, IPO Listing, GMP Live: PL Capital on revenue growth
"We estimate revenue CAGR of 18% over FY25-28E and opex CAGR of 16.9%, assuming some operating leverage. ESOP expenses would be a key monitorable, which may increase compared to the average of Rs 14 crore over FY22-25. Driven by a healthy AAuM CAGR of 21.3% due to strong equity growth, we expect core PAT CAGR of 18.5% over FY25-28 (best among listed peers)," said PL Capital.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Business model and revenue
ICICI Prudential AMC earns revenue mainly through management fees charged on mutual fund assets. These fees usually range between 1 and 2 percent of assets under management. The company offers equity, debt, and hybrid funds, distributing products through ICICI Bank branches and external platforms.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Higher opex than peers
Adjusting for fees and commission costs related to PMS/AIF businesses, opex to AAuM for ICICI AMC is higher at 12.5 bps of consolidated AAuM compared to 10.3 bps for HDFC AMC and 8.1bps for SBI MF. This can be attributed to its large employee base of 3,541 compared to 1,704 staff for HDFC AMC and 1,600 employees for SBI MF. Hence, further operating leverage benefits could accrue to ICICI AMC led by healthy AAuM growth.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Peer comparison in AMC space
In comparison, HDFC AMC manages around Rs 34,984 crore in assets and trades at a higher valuation multiple. Other listed peers include Nippon Life India AMC and UTI AMC, each with different asset sizes and profit margins. The mutual fund industry remains concentrated among a few large players.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Listing expectation
Sneha Poddar, VP at Motilal Oswal expects the IPO “Should see a good listing. Valuation-wise, it’s at a discount to HDFC AMC.” She was alluding to the company’s strong fundamentals and distribution strength to drive the performance on the stock exchanges.
Sunil Jain, Head of Retail Research at Nirmal Bang, also highlighted expectations of a robust listing, citing the stock’s attractive valuation and the promising long-term prospects of this key ICICI Group offering. According to him, “Overall valuations are lower than the peers. Listing should be good, and the long-term outlook is positive.”
Also read- ICICI Prudential AMC: ‘Overpriced’ or ‘Long-Term Buy’? 4 Market Gurus weigh in
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Largest Individual Investor franchise in India
The company has the highest Individual Investor MAAUM in India, managing Rs 6,61,030 crore as of September 30, 2025, with a 13.7% market share. Individual investors who prefer higher-fee equity schemes and typically stay invested longer form a stable base of 15.5 million customers, contributing 61.1% of total MAAUM and 85.7% of equity MAAUM. The AMC has also built a strong engine of systematic flows, with monthly SIP/STP inflows of Rs 4,800 crore and systematic transactions rising sharply from 5.7 million in March 2023 to 14.2 million in September 2025, ensuring steady and predictable AUM growth.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Financial snapshot
As per available data, ICICI Prudential AMC manages assets worth about Rs 49,773 crore. The company reported revenue of around Rs 1,150 crore and a profit after tax of approximately Rs 150 crore in the latest financial year. Its earnings depend largely on market-linked asset management fees.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: GMP rises to 24%
ICICI Prudential AMC accounts for 73.7% of MF sales by ICICI Bank due to the latter’s closed architecture and commands a higher share of non-MF revenue at 9.2% among peers. The GMP too for the Rs 10,602.65 crore issue has been trending higher. It is up 24% now from the high teens seen earlier this week. However, readers must remember that the GMP is only an indicative price, and the actual listing could be significantly different.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Diversified product portfolio across asset classes
ICICI Pru AMC offers a highly diversified product suite, managing 143 mutual fund schemes, the highest among Indian AMCs, as of September 30, 2025. Its portfolio is well-balanced, with no single scheme contributing more than 7.1% of total mutual fund QAAUM, reducing concentration risk. Beyond mutual funds, the company also operates a growing Alternates business that includes PMS, AIFs, and offshore advisory services, managing Rs 72,930 crore in alternate assets, enabling it to serve a wide range of investor needs and market conditions.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: 'Issue may list at a premium'
Sunny Agrawal – Head of Fundamental Research, SBI Securities believes that the issue may list at a premium, “Likely by 10-15%. SEBI regulations pertaining to reduction in TER may dampen sentiments marginally, as this may impact profitability in the short term. Long-term growth prospects still remain healthy. Also, overall changes are better than street expectations; hence, the market may give thumbs up to the AMC pack.”
Speaking on the overall valuation of ICICI Prudential AMC and how it stacks up compared to peers, Agrawal said that “at the upper price band, it is trading at H1FY26 PE multiple of 33x Vs HDFC AMC at 38x and NAM India at 37x.”
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Listing outlook
“ICICI Prudential AMC is a good asset manager with stable performances and asset growth over the years. However, IPO valuations are extended, and as such immediate post-listing pop is unlikely. It should do well over time,” said well-known fund manager and industry veteran Sandip Sabharwal of Asksandipsabharwal.com.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Business model and revenue
ICICI Prudential AMC earns revenue mainly through management fees charged on mutual fund assets. These fees usually range between 1 and 2 percent of assets under management. The company offers equity, debt, and hybrid funds, distributing products through ICICI Bank branches and external platforms.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Promoter shareholding changes
Before the IPO, ICICI Bank held 51 percent stake in the company, while Prudential Corporation Holdings owned 49 percent. Prudential sold a portion of its stake through the IPO, reducing its holding to about 39 percent. ICICI Bank remains the majority shareholder post-listing.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Price band and lot size
The price band for the IPO was fixed between Rs 2,061 and Rs 2,165 per share. Investors had to apply for a minimum lot of 76 shares. At the upper price band, one lot required an investment of around Rs 1.65 lakh, making it a relatively high-ticket IPO for retail investors.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Issue structure details
The entire IPO consisted of an offer for sale by Prudential Corporation Holdings. A total of 4.90 crore equity shares were sold, each having a face value of Rs 1. Since there was no fresh issue, the company did not receive any funds from the IPO proceeds.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Timeline explained
The IPO opened for subscription on December 12 and closed on December 16, 2025. Anchor investors participated on December 11. Share allotment was finalized on December 17, followed by refunds and demat credits on December 18. The process followed standard SEBI timelines for book-built public issues.
ICICI Pru AMC Share Price, IPO Listing, GMP Live: Listing overview
ICICI Prudential Asset Management Company’s IPO to list on BSE and NSE today, December 19. The public issue size was Rs 10,602.65 crore and was fully an offer for sale. The company did not raise fresh capital. Shares were allotted earlier and credited to demat accounts before listing day.