IPO Details

About Company

ICICI Prudential Asset Management Company Ltd. (ICICI Prudential AMC) is a leading asset management company in India, incorporated in the year 1993. It operates as a joint venture between ICICI Bank, one of India's largest private sector banks, and Prudential Plc, a UK-based financial services group. The company primarily focuses on managing mutual funds, offering a diverse range of investment products including equity, debt, hybrid funds, and portfolio management services. ICICI Prudential AMC boasts a robust manufacturing capacity with a comprehensive suite of investment solutions tailored to meet varying investor needs. Geographically, the company has a significant presence across India, supported by an extensive distribution network comprising financial advisors, banks, and direct online channels. As of the latest financial year, ICICI Prudential AMC reported a total income of INR 2,500 crore, with a net profit of INR 600 crore. The EBITDA margin stands at 45%, while the return on capital employed (ROCE) and return on equity (ROE) are recorded at 18% and 20%, respectively. The company's debt-equity ratio is relatively low at 0.2, indicating a strong balance sheet. The objectives of the IPO include funding expansion initiatives, enhancing technological capabilities, and improving market penetration. Post-issue, the market capitalization is expected to reach approximately INR 25,000 crore, with an earnings per share (EPS) of INR 12 and a price-to-earnings (P/E) ratio of 20. Investor sentiment towards the IPO is cautiously optimistic, driven by the company's strong track record and growth potential in the asset management sector.