Prudential plc has entered into an underwriting agreement for the IPO of ICICI Prudential Asset Management Company, aiming to raise approximately INR 106.03 billion to enhance shareholder value and capitalize on India's growing asset management sector.

Target Information

ICICI Prudential Asset Management Company Limited (IPAMC) is a leading asset management firm in India, offering a comprehensive range of investment solutions. As a subsidiary of Prudential Corporation Holdings Limited (PCHL), IPAMC focuses on delivering value to its investors through well-managed mutual funds and various other financial products, catering to the diverse needs of individuals and institutions alike.

With a strong market presence, IPAMC is recognized for its commitment to responsible investment practices and customer-centric services. This positioning aligns with the rising demand for effective asset management services in a rapidly growing economy.

Industry Overview in India

The asset management industry in India has been witnessing significant growth in recent years, driven by increasing financial literacy and a growing middle class that is progressively investing in mutua