ICICI Prudential Asset Management Company IPO
ICICI Prudential Asset Management Company Limited (ICICIAMC) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 19 December 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +25.9% (likely range +11% to +96%), day's high +40.1%, chance of a gain 92%. Actual: +20.1% at the open, +23.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 93,04,869 | 1,15,25,59,968 | 124x | |
| NII (HNI) total | 69,78,652 | 15,37,89,816 | 22.0x | |
| Big NII (above ₹10 lakh) | 46,52,435 | 11,82,47,880 | 25.4x | |
| Small NII (₹2-10 lakh) | 23,26,217 | 3,55,41,936 | 15.3x | |
| Retail | 1,62,83,521 | 4,12,62,762 | 2.53x | |
| Shareholders | 24,48,649 | 2,38,76,910 | 9.75x | |
| Total | 3,50,15,691 | 1,37,14,89,456 | 39.2x |
Bids on NSE and BSE together, as published by NSE, as of 16 Dec 2025, 07:00 PM. Shares offered exclude the anchor portion. 4% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to ICICI Prudential Asset Management Company's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| LG Electronics IndiaOct 2025 | 167x | 22.4x | 3.55x | 54.0x | ₹11,607 Cr | +50.0% | +53.4% |
| Vishal Mega MartDec 2024 | 80.7x | 14.2x | 2.31x | 27.3x | ₹8,432 Cr | +33.3% | +46.7% |
| Cello WorldNov 2023 | 109x | 24.4x | 3.06x | 38.9x | ₹2,068 Cr | +27.9% | +29.2% |
| Aadhar Housing FinanceMay 2024 | 72.8x | 16.5x | 2.46x | 25.5x | ₹3,151 Cr | 0.0% | +9.1% |
| Belrise IndustriesMay 2025 | 108x | 38.3x | 4.27x | 41.3x | ₹2,276 Cr | +11.1% | +13.8% |
| Tenneco Clean Air IndiaNov 2025 | 166x | 40.7x | 5.11x | 58.8x | ₹3,781 Cr | +27.2% | +30.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| Morgan Stanley India Company | 24 | +13.9% | 67% |
| BofA Securities India | 18 | +30.6% | 72% |
| Axis Capital | 107 | +20.4% | 73% |
| CLSA India | 10 | +23.5% | 70% |
| IIFL Capital Services Limited (formerly known as IIFL Securities Limited), Kotak Mahindra Capital Company | 11 | +5.7% | 64% |
| Nomura Financial Advisory and Securities (India) | 27 | +16.0% | 56% |
| SBI Capital Markets | 56 | +16.7% | 61% |
| ICICI Securities | 109 | +21.3% | 69% |
| Goldman Sachs (India) Securities | 16 | +18.4% | 69% |
| Avendus Capital | 9 | +8.6% | 67% |
| BNP Paribas | 10 | +10.5% | 50% |
| HDFC Bank | 16 | +15.8% | 75% |
| JM Financial | 109 | +22.8% | 75% |
| Motilal Oswal Investment Advisors | 47 | +15.0% | 72% |
| Nuvama Wealth Management | 35 | +11.9% | 66% |
| UBS Securities India | 5 | +9.9% | 100% |
Offer documents (NSE)
Frequently asked
What is the ICICI Prudential Asset Management Company IPO price band and lot size? ₹2,061–2,165 per share, with a lot of 6 shares, so the smallest retail bid is ₹12,990.
How many times has it been subscribed? 39.2x overall: QIB 124x, NII 22.0x, retail 2.53x.
How did it list? It opened at ₹2,600, +20.1% against the issue price of ₹2,165, and closed its first day +19.4%.
