ICICI Prudential AMC IPO GMP Today: Subscription Status and Listing Date Details
ICICI Prudential AMC IPO GMP Today: Subscription Status and Listing Date Details
The ICICI Prudential AMC IPO has become one of the most talked about public offerings in December 2025. This Rs 10,602 crore mega issue opened for subscription on December 12 and will close on December 16, 2025. The IPO is getting strong attention from investors who want to bet on India’s growing mutual fund industry.
ICICI Prudential Asset Management Company is the second largest mutual fund house in India with an AUM of Rs 10.15 lakh crore as of September 2025. The company manages 143 different mutual fund schemes across equity, debt and hybrid categories.
The grey market premium for this IPO has shown interesting movements since the issue opened. Investors are closely watching the subscription numbers and GMP trends to decide whether they should apply or not. This is a pure offer for sale which means no fresh money will go to the company. All proceeds will go to the selling shareholder Prudential Corporation Holdings based in UK.
Key Takeaways
- IPO size is Rs 10,602 crore with price band of Rs 2,061 to Rs 2,165 per share
- Grey market premium ranges between Rs 122 to Rs 250 indicating 7-12% listing gains
- Subscription status shows steady demand with Day 1 closing at 72% overall
- Listing date is scheduled for December 19, 2025 on BSE and NSE
- Special 5% quota available for ICICI Bank shareholders
- Company has 13.3% market share in active mutual fund industry
- This is 100% offer for sale with no fresh capital for company growth
Also Read: Vidya Wires IPO Allotment Status: Check Results & Next Steps
Understanding the IPO Structure
The ICICI Prudential AMC IPO is offering approximately 4.9 crore shares through complete offer for sale. The minimum lot size is 6 shares which means retail investors need Rs 12,990 to apply at the upper price band. The company has kept a special reservation for ICICI Bank shareholders who held shares as of December 4, 2025.
These shareholders can apply in both shareholder category and retail or HNI category to increase their allotment chances. The maximum application in shareholder quota is 90 shares. The allotment will be finalized on December 17 and shares will be credited to demat accounts before listing.
Current Grey Market Premium Analysis
The GMP started at around Rs 120 to Rs 150 on the opening day which was about 5-7% premium. As the subscription picked up the premium jumped to Rs 192 to Rs 198 during intraday trading on Day 1. As of December 13 morning the GMP is hovering between Rs 122 to Rs 250 across different grey market sources.
The average GMP suggests around 8-11.5% premium over the issue price. This means the expected listing price could be anywhere between Rs 2,300 to Rs 2,415. The grey market activity shows moderate optimism among investors. However GMP is not official and can change based on demand and supply before listing date.
Subscription Status and Investor Response
The first day of subscription closed at 72% overall booking. The retail investors and ICICI Bank shareholders showed early interest in the issue. As of December 13 afternoon the retail portion was subscribed 0.28 times while HNI category stood at 0.11 times.
The QIB portion showed 0.22 times subscription in early trends. These numbers are expected to jump significantly on the last two days as big institutional investors usually bid on final days. The anchor book was fully subscribed with Rs 3,022 crore raised from marquee investors like Temasek and JP Morgan along with several domestic mutual funds.
Company Fundamentals and Market Position
ICICI Prudential AMC is a leader in the mutual fund space with strong financial performance. The company reported profit after tax of Rs 2,651 crore in FY25 which is 29% higher than previous year. The return on equity stands at impressive 83% in FY25.
The company has the highest number of mutual fund schemes in the industry giving investors wide choice. The AUM has been growing faster than industry average thanks to strong SIP collections and distribution network through ICICI Bank branches. The company also manages offshore funds and alternative investment products.
Valuation Concerns and Expert Views
Many market experts point out that the IPO is priced at premium valuations. The price to earnings ratio works out to 38-40 times FY25 earnings and around 33 times FY26 estimated earnings. This is similar to listed peers like HDFC AMC and Nippon which trade at 35-40 times earnings.
Since this is 100% offer for sale there is concern that company will not get any fresh capital for expansion. Some analysts compare this to past ICICI group IPOs which often listed flat or below issue price. However most brokerages recommend this IPO for long term investors who believe in India’s mutual fund growth story.
Market Buzz and Social Media Sentiment
Investors on social media platform X are discussing this IPO actively. Many admire the brand strength and market leadership of ICICI Prudential. The company’s dominance in equity and hybrid fund categories is getting praise. People are sharing tips about dual application strategy using shareholder quota.
Some investors are concerned about rich valuations and limited listing gains compared to smaller IPOs. The overall sentiment leans towards long term holding rather than listing day flipping. The mutual fund industry is expected to benefit from rising SIP flows and financial savings in India.
Should You Apply for This IPO
The ICICI Prudential AMC IPO suits investors who want exposure to India’s wealth management and mutual fund growth. The company has solid fundamentals with high profitability and market share. However the valuations are on higher side and since it is OFS the company will not get funds for aggressive expansion.
The moderate GMP suggests listing gains may be limited to 7-12% range. Retail investors who got ICICI Bank shares can use dual bidding to improve allotment odds. Long term investors looking for stable cash flow business may consider applying. Those expecting quick listing pop might want to evaluate if the premium pricing leaves enough room for gains.
Tags: ICICI Prudential AMC IPO, IPO GMP today, mutual fund IPO 2025, ICICI AMC subscription status, IPO listing date December 2025, asset management IPO India, ICICI Bank shareholder quota
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