ICICI Prudential Asset Management Company Limited

Initial Public Offering

Service

December 2025

Date

Banking, Financial Service and Insurance

Sector

INR ~1,06,027 MN

Deal Value

ICICI Prudential Asset Management Company Limited

Nuvama Contribution:

  • With this IPO, Nuvama has successfully closed its 5th transaction4 for ICICI Group
  • Nuvama pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category

Deal Details:

  • It is the Largest IPO of an Asset Management Company in the history of Indian Capital Markets1
  • The IPO was the 2nd Highest subscribed $1 Bn+ IPO in India in the last 5 years
  • Deal saw strong participation across investor categories with an overall subscription of ~28x2 – attracting an oversubscription of ~124x2 in QIB and ~21x2 in NII portion
  • Company saw a strong IPO Listing with equity shares opening at ~20%3 premium showcasing investor confidence in Company’s business and management team

**1  In terms of Issue Size
2  Before Technical Rejections
3  As per NSE
4  Sept’16 – ICICI Prudential Life Insurance (IPO); Sept’17 – ICICI Lombard General Insurance (IPO); Mar’18 – ICICI Securities (IPO); Aug’20 – ICICI Bank QIP



⬇ ✓ ✕