ICICI Prudential Asset Management Company Ltd. (ICICI Prudential AMC), incorporated in 1993, is an asset management company that follows a risk-managed investment approach aimed at long-term returns for its customers.
The company offers PMS, AIF, and offshore advisory services, and manages 143 mutual fund schemes across equity, debt, passive, and fund-of-fund categories. ICICI Prudential AMC also has a nationwide distribution network of 272 offices across 23 states and 4 union territories.
The sections below provide a complete breakdown of the company’s business, financial strength, and important IPO information in your standardized Groww-style format.
(Source: RHP, Chittorgarh)
Company Overview
ICICI Prudential AMC is among India’s largest asset management companies based on active Quarterly Average Assets Under Management (QAAUM). As of March 31, 2025, the AMC managed:
- ₹8,794.1 billion QAAUM
- 135 mutual fund schemes across equity, debt, hybrid, ETFs, and FOF categories
- 14.6 million investor accounts
The AMC also operates a strong alternate investments business including:
- Portfolio Management Services (PMS)
- Alternative Investment Funds (AIFs)
- Institutional & offshore advisory solutions
Its distribution reach includes:
- 264 branches across 23 states & 4 UTs
- A wide multichannel network with banks, IFAs, corporates, and digital platforms
(Source: Chittorgarh)
Industry Context
The Indian asset management industry is experiencing strong long-term growth driven by:
- Rising retail participation
- Digitization of wealth platforms
- Increasing preference for financial assets over physical assets
- Growing SIP culture (₹21,000+ Cr monthly industry SIP inflow as of 2025)
- Rising institutional and HNI demand
ICICI Prudential AMC, with its diversified offerings, research-driven processes, and strong brand value, is uniquely positioned to capitalize on India’s surging financialization wave.
(Source: Chittorgarh)
Business Strengths
- India’s Largest Active Mutual Fund AMC: Leading based on active QAAUM across equity, debt, hybrid, and multi-asset categories.
- Broadest Individual Investor Franchise: Strong penetration across urban and semi-urban India with 14.6 million investor folios.
- Diversified Multi-Asset Product Portfolio: Covers equity, debt, hybrid, ETFs, FOFs, PMS, AIFs, and advisory mandates.
- Strong Multi-Channel Nationwide Distribution: 264 branches + wide-scale partnerships with banks, corporates, IFAs, fintech platforms.
- Consistent Profitability: High operating margins backed by scale, brand strength, and disciplined cost management.
- Experienced Leadership: One of the most seasoned investment and distribution teams in the AMC industry.
(Source: Chittorgarh)
Financial Performance
ICICI Prudential AMC Financial Summary (₹ in crore)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|---|
| Assets | 4,827 | 4,384 | 4,097 | 3,554 | 2,804.76 |
| Total Income | 2,950 | 4,980 | 2,458 | 3,761 | 2,838.18 |
| Profit After Tax | 1,618 | 2,651 | 1,327 | 2,050 | 1,515.78 |
| EBITDA | 2,210.10 | 3,636.99 | 1,837.55 | 2,780.01 | 2,072.58 |
| Net Worth | 3,921.56 | 3,516.94 | 3,272.28 | 2,882.84 | 2,313.06 |
(Source: Chittorgarh)
Key Ratios & Metrics (as of March 31, 2025)
- EBITDA Margin: 73.03%
- PAT Margin: 53.23%
- RoNW: 75.37%
ICICI Prudential AMC delivered strong growth in FY25, supported by rising AUM, healthy profitability, and increasing retail investor participation. Operational efficiency and robust investment performance continue to strengthen the AMC’s financial position.
(Source: RHP | Chittorgarh)
Market Outlook & GMP Trends
As of December 10, 2025, 10:57 AM, grey market sentiment indicates positive investor appetite for the ICICI Prudential AMC IPO.
The latest GMP stands at ₹133, implying an estimated listing price of ₹2,298 (based on the upper band of ₹2,165), with an expected listing gain of 6.14% per share.
Key Observations:
- GMP trending upward over the past 6 sessions
- Strong brand recall and market leadership driving demand
- Financial performance and AUM growth supporting valuation outlook
However, analysts note that while momentum is favorable, the valuation remains on the premium side compared to select AMC peers.
(Source: Chittorgarh)
Corporate & Market Profile
The ICICI Prudential AMC IPO highlights the rising prominence of India’s asset management sector amid growing retail financialization.
Highlights
- India’s Largest Active AMC: Backed by ICICI Group with decades of market leadership.
- Expansive Investor Base: 14.6 million folios, one of the broadest in the country.
- Strong Multi-Asset Offerings: Equity, debt, hybrid, ETFs, AIFs, PMS, advisory mandates.
- Deep Distribution Strength: 264 branches + multi-channel partner network across India.
- Consistent, High-Quality Profitability: One of the strongest PAT and EBITDA performers in the AMC industry.
- Technology-Driven Client Engagement: Digital onboarding, research-driven insights, scalable operations.
(Source: Chittorgarh)
Conclusion
The ICICI Prudential AMC IPO is a significant event for India’s capital markets, showcasing a highly profitable, large-scale AMC with strong brand equity and leadership in active mutual funds.
Disclaimer: Investments in the securities market are subject to market risks, read all the related documents carefully before investing. This content is purely for information purpose only and in no way to be considered as an advice or recommendation. The securities are quoted as an example and not as a recommendation.
Investors are requested to do their own due diligence before investing. Paytm Money Ltd SEBI Reg No. Broking – INZ000240532, Depository Participant – IN – DP – 416 – 2019, Depository Participant Number: CDSL – 12088800, NSE (90165), BSE (6707) Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi – 110019. For complete Terms & Conditions and Disclaimers visit: https://www.paytmmoney.com/stocks/policies/terms .
