ICICI Prudential AMC Shares Jump 20% On Market Debut

Shares of ICICI Prudential Asset Management Company (AMC) rose 20% on their first day of trading on Friday, marking a strong debut in the Indian stock market. The listing came after a successful ₹106 billion ($1.17 billion) IPO, one of the biggest public offerings of the year.
The IPO was priced at ₹2,165 per share, which was the top end of the price band. ICICI Prudential AMC is jointly owned by ICICI Bank of India and UK-based Prudential.

Strong Institutional Demand:-

The IPO received an overwhelming response from investors and was subscribed more than 39 times during the bidding process. Most of the demand came from institutional investors, while the retail investor portion was subscribed around 2.5 times.
Major global and domestic investors such as Singapore’s GIC, Temasek, and Life Insurance Corporation of India (LIC) participated in the IPO, boosting confidence in the company.

India’s Largest Asset Management Company:-

ICICI Prudential AMC is currently India’s largest asset management company in terms of assets managed under active mutual fund schemes. The company reported average quarterly mutual fund assets of ₹101.47 billion and had around 15.5 million retail investors as of the end of September.

Growing Mutual Fund Market in India:-

Although retail participation in this IPO was moderate, experts believe the Indian mutual fund industry has massive growth potential. According to global consultancy firm Bain & Company, retail investor-driven assets could grow to $3.3 trillion by 2035, up from ₹45 trillion in FY2025.This growth is being driven by salaried millennials in metro cities and Gen Z investors, who are increasingly choosing mutual funds over direct stock investments.

SIP Investments on the Rise:-

Investments through Systematic Investment Plans (SIPs)—where investors put in small amounts regularly—have seen sharp growth. SIP investments tripled to ₹2.89 trillion in FY2025, compared to levels in 2021, according to data from the Association of Mutual Funds in India (AMFI).As more retail investors enter the capital markets, asset management companies like ICICI Prudential AMC are expected to benefit from the rising demand.

IPO Market Remains Strong:-

India’s IPO market continues to stay active. According to an EY report, companies raised $11.4 billion through 252 IPOs in the first three quarters of the year.