• Raises Rs 3,021.8 crore in its anchor placement from 149 marquee investors
  • Temasek, GIC, LIC, Govt. of Singapore, Fidelity, JP Morgan, ABRDN, Abu Dhabi Investment Authority, BlackRock, Goldman Sachs, Lazard International are some of the marquee names in the anchor book

The forthcoming Initial Public Offering (IPO) of ICICI Prudential Asset Management Company (AMC) is shaping up to be a landmark event for the Indian capital markets, having attracted a colossal congregation of over 100 significant quality investors from across the globe and India in its pre-IPO and anchor book allocations. The sheer pedigree and diversity of the investors—ranging from global sovereign wealth funds to India’s top family offices, veteran investors, every major domestic life insurer, and more than half the mutual fund industry players—underscore the immense confidence placed in India’s largest active asset manager.

ICICI Prudential Asset Management Company has garnered Rs 3,021.8 crore from anchor investors ahead of its initial public offering that opens for public subscription on December 12.

The company informed the bourses that it allocated 13, 953, 810 equity shares at Rs 2,165 per share to 149 anchor investors.

Out of the total allocation of 13,957, 303 equity shares to the anchor investors, 4,662,097 were allocated to 27 domestic mutual funds through 77 schemes.

Symphony of Diverse Capital

The marquee investor roster providing an unprecedented seal of approval includes leading Sovereign Wealth Funds (SWFs) such as GIC (Government of Singapore Investment Corporation), Temasek and Lunate Capital (Abu Dhabi Investment Authority). 

Adding to the long-term capital commitments are the likes of University of California, representing a major global endowment fund, indicating an interest in sustainable, long-horizon growth that an AMC offers. 

The participation of large Foreign Institutional Investors (FIIs) highlights broad international interest, with names like Fidelity, Norges Bank,  BlackRock, Aberdeen, Wellington, Capital World, J.P. Morgan Investment Management Inc, Fidelity Management & Research, Goldman Sachs Asset Management, WhiteOak and HSBC GAM. Further strengthening the global institutional interest were Private Equity (PE) & Investment Banks like Kedaara Capital and Chrys Capital  (in the pre-IPO phase).

Deep domestic conviction was demonstrated by marquee investors, Veteran Fund Managers & Family Offices, including Premji Invest, HCL Family Office, Manish Chokhani, 3PIM (Prashant Jain), Estate of late Mr. Rakesh Jhunjhunwala and MK Ventures. 

Domestic Financial Institutions Show Strength

The domestic institutional participation was equally robust, highlighting the strategic importance of this asset manager in the Indian financial ecosystem.

  • All Major Life Insurers: A truly remarkable feat, every major private and public sector life insurance company lined up to take a stake, including SBI Life, HDFC Life, Kotak Life, Aditya Birla Sun Life, and Bajaj Life. Their participation signifies a collective belief in the AMC’s long-term value proposition and dominance in the market.
  • Mutual Funds: Reflecting the faith of the domestic asset management industry itself, a staggering 27 mutual fund schemes are also part of the anchor book, confirming the broad acceptance of the issue across the domestic financial market. (19 of the top 20 Mutual Funds have invested )

The strong interest across these diverse categories of quality investors—from endowment funds seeking long-term returns to strategic insurance companies and influential global and domestic funds—serves as a robust validation of ICICI Prudential AMC’s leadership position and future growth prospects in the rapidly expanding Indian asset management space. The successful locking-in of such a premium investor roster for the pre-IPO and anchor book sets an extremely positive tone ahead of the public subscription.

ICICI Prudential Asset Management Company Ltd (the “Company”) had also recently completed its pre-IPO (Initial Public Offering) placement of nearly ₹4,815 crore.