ICICI Prudential AMC IPO: Grey Market Premium Surges, Here’s How to Check Your Allotment Status

Mumbai: Investors who subscribed to the ICICI Prudential Asset Management Company (AMC) IPO are eagerly awaiting their allotment results, which are expected today, 17 December 2025. The IPO, a subsidiary of ICICI Bank and the second-largest AMC in India, had a total issue size of ₹10,602 crore and is set to list on the BSE and NSE on 19 December 2025.

Grey Market Premium (GMP) Surges:
Before the allotment, the grey market premium (GMP) climbed to approximately ₹368 per share, indicating that the IPO could list at around ₹2,500 per share, well above the issue price of ₹2,165. While GMP signals potential short-term gains, long-term returns will depend on market conditions and the company’s performance.

Checking Allotment Status:
Investors can check their allotment in multiple ways:

1. Via Registrar (KFin Technologies):

• Visit the KFin Technologies website.
• Select “ICICI Prudential AMC” from the dropdown menu.
• Enter your PAN, application number, or DP ID.
• Click Submit to view your allotment status.

2. Via BSE Website:

• Go to the Equity section on BSE India.
• Choose “Midwest” under issue type and select ICICI Prudential AMC.
• Enter your PAN or application number and click Search.

Investors can also check the allotment status via their broker’s trading app.

Oversubscription Highlights:
The IPO received a massive response, being 39.17 times oversubscribed. Qualified Institutional Buyers (QIBs) contributed heavily, oversubscribing their quota by 124 times, while Non-Institutional Investors (NIIs) subscribed 22 times, and retail investors 2.53 times. Shares reserved for ICICI Bank shareholders were subscribed 10 times.

Offer for Sale Details:
The IPO was entirely an Offer for Sale (OFS) of 4.90 crore shares, meaning the company did not raise fresh capital. Post-listing, ICICI Bank and Prudential Corp will continue to hold over 90% stake in the AMC. The pre-IPO market capitalization was estimated at ₹1.07 lakh crore.

About ICICI Prudential AMC:
ICICI Prudential AMC is India’s largest asset management company, managing over ₹10.1 lakh crore in average assets as of 30 September 2025. The company operates in mutual funds, portfolio management services, alternative investment funds, and advisory services, with a nationwide network of 272 offices.

Financial Performance:
The AMC has demonstrated strong financial growth. For FY25, revenue increased by 32%, and profit after tax (PAT) rose 29%. For the first six months ending September 2025, PAT was ₹1,617.74 crore. The business is capital-light, generates substantial cash, and delivers one of the highest return ratios in the industry, with RoE above 80%. At IPO price, the company is valued at around 33 times post-issue earnings.