ICICI Prudential Asset Management Company IPO Draws Attention from Major Investors

The Surge in ICICI Prudential AMC's IPO Demand

ICICI Prudential Asset Management Company (ICICI Pru AMC) has witnessed strong demand for its IPO, capturing the attention of both domestic mutual funds and global investors. The fund house attracted investments from 149 anchor investors, raising Rs 3,022 crore.

Participation from Domestic Mutual Funds

Of the total allocation to anchor investors, 33.4 percent was allotted to major domestic mutual funds including HDFC AMC, SBI Mutual Fund, and others.

• HDFC AMC
• SBI Mutual Fund
• WhiteOak Capital
• Helios
• Kotak Mahindra AMC

Global Investors Join the Fray

Notable global investors, like Capital Group and Goldman Sachs, also participated in ICICI Pru AMC's anchor book, enhancing the issue's credibility.

• Capital Group
• Monetary Authority of Singapore
• Temasek
• Goldman Sachs

Private Placement Round

Before the anchor allocation, ICICI Pru AMC completed a private placement for Rs 2,165 per share, accumulating major subscriptions from institutions and individual investors.

Record Number of Merchant Bankers

ICICI Prudential AMC set a record by appointing 18 merchant bankers for its IPO, showcasing extensive industry relationships and aiming for broad investor access.

In conclusion, the strong demand for ICICI Prudential AMC's IPO illustrates growing investor confidence and interest in the asset management sector.