ICICI Prudential AMC Sets Sights on ₹10,000 Crore IPO

India’s second-largest fund house, ICICI Prudential Asset Management Company (AMC), has taken a significant step towards going public. The company recently filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), aiming for a substantial ₹10,000 crore Initial Public Offering (IPO).

A Giant Leap for the Fund House

This move marks a major milestone for ICICI Prudential AMC, a joint venture between ICICI Bank and Prudential Corporation. The IPO will offer 10% of the company’s equity to the public, presenting an attractive investment opportunity for those interested in the growing Indian financial market.

What This Means for Investors

With this IPO, investors will have a chance to own a piece of one of India’s leading asset management companies. More details on the IPO timeline and pricing will be available soon, following SEBI’s review of the DRHP.