ICICI Prudential AMC Shares Debut 20% Premium on NSE; Brokerage Sees Stock at Rs 3,000
Last Updated: 19 December, 2025
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On Friday, the ICICI Prudential AMC share price debuted strongly on the NSE at Rs 2,600, marking a 20% premium over the upper IPO price band of Rs 2,165. The stock hit an intraday high of Rs 2,663.40 shortly after listing, reflecting robust investor demand amid a subscribed IPO of 39.17 times. This performance underscores the company's dominant position in India's asset management sector.
IPO Offer Details
ICICI Prudential AMC launched a Rs 10,603 crore pure offer for sale, with promoter Prudential Corporation Holdings offloading 4.89 crore shares. The price band ranged from Rs 2,061 to Rs 2,165 per share, with a minimum lot size of 6 shares. Anchor bidding opened on December 11, followed by public subscription from December 12 to 16, allotment on December 17, and listing today. ICICI Bank retains 51% ownership post-IPO.
FY25 Financials
ICICI Prudential AMC posted total operating revenue of Rs 4,977 crore in FY25, with 94% from fees and commission income. Profit after tax reached Rs 2,651 crore, alongside a return on equity of 82.8% and profit before tax of Rs 3,533 crore, outpacing peers like HDFC AMC, Nippon Life India AMC and others. Assets under management grew robustly, with total mutual fund AUM at Rs 10.14 lakh crore as of September 30, 2025, and Equity and equity oriented QAAUM stood at Rs 5.67 lakh crore in the same period.
Growth Strategies
ICICI Prudential AMC leverages strong parentage from ICICI Bank and Prudential to drive equity AUM leadership and digital adoption. The firm focuses on operational efficiency, low scheme concentration risk, and navigating SEBI's fee structure changes for sustained compounding. Management highlights wealth management expansion amid industry tailwinds like rising mutual fund penetration in India's investment landscape.
Brokerage Target
PL Capital has initiated 'Buy' coverage with a Rs 3,000 target, implying 39% upside from Rs 2,165, based on 38x September 2027 core EPS valuation. Analyst is upbeat citing debt-free balance sheet and high RoE.
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