ICICI Prudential AMC to launch 3 SIFs; Shah: Opportunity, not cannibalization

• ICICI Prudential AMC plans to launch three products under the new SEBI-approved SIF category.
• CEO Nimesh Shah sees long-term opportunity in SIFs, expecting slow initial traction rather than immediate scale.
• The announcement coincides with the AMC's IPO, a 100% OFS of up to 9.91% equity.
• The IPO is priced at Rs 2,061–2,165 per share, valuing the company at approximately Rs 10,600 crore, and runs from December 12-16.
• ICICI Prudential AMC is the second-largest AMC by AUM, managing 143 mutual fund schemes, the highest among domestic asset managers.

Why It Matters: This signals new investment opportunities and market shifts for investors.