ICICI Prudential AMC Raises ₹4,815 Cr Pre-IPO; ₹10,602 Cr IPO Opens Dec 12

• ICICI Prudential AMC raised Rs 4,815 crore in a pre-IPO funding round from 26 domestic and foreign investors.
• Notable investors included Lunate Capital, the Estate of late Rakesh Jhunjhunwala, and several insurance companies.
• ICICI Bank invested Rs 2,140 crore, acquiring an additional 2% stake in the AMC.
• The company is preparing for a Rs 10,602-crore IPO from December 12-16, with a price band of Rs 2,061-2,165 per share.
• The IPO is an Offer for Sale by Prudential Corporation Holdings, making it the fifth AMC and fifth ICICI Group entity to list.

Why It Matters: This IPO creates a new investment opportunity in a leading Indian asset management firm.