ICICI Bank announces IPO details for subsidiary, shareholder reservation

ICICI Bank Limited announced details regarding the initial public offering (IPO) of its subsidiary, ICICI Prudential Asset Management Company Limited (ICICI AMC), confirming the reservation of up to 2,448,649 equity shares for eligible ICICI Bank shareholders. This reservation represents up to 5% of the total offer size, excluding American Depository Receipts holders, as of December 5, 2025, the date the Red Herring Prospectus (RHP) was filed. The RHP, which outlines the IPO details, is accessible on various financial websites.

The bid/offer opening date for the IPO is set for Friday, December 12, 2025, with the bid/offer closing date on Tuesday, December 16, 2025. The price band has been fixed between ₹2,061 and ₹2,165 per equity share. Eligible ICICI Bank shareholders can bid for a minimum of 6 equity shares and in multiples of 6 thereafter, with the total bid amount not exceeding ₹200,000.

For eligible shareholders bidding at the maximum price of ₹2,165, the minimum application for 6 equity shares would amount to ₹12,990, while the maximum for 90 equity shares would be ₹194,850 within the reservation portion. Shareholders can apply electronically or via physical forms.