Several marquee investors such as Abu Dhabi’s Lunate, Premji Invest, the University of California, the estate of the late Rakesh Jhunjhunwala, HCL Capital, 3P India managed by Prashant Jain, Manish Chokhani, and Madhu Kela took part in the issue.
Global funds in the pre-IPO list include White Oak, Janchor, ChrysCapital, Malabar, and Think Investments.
Out of the Rs4,900 crore invested, ICICI Bank alone put in Rs2,225 crore, while the other investors together invested Rs2,675 crore.
Top insurers such as SBI Life, HDFC Life, Kotak Life, Birla Life, Bajaj Life, Tata AIG, and Go Digit General Insurance also participated in the pre-IPO share sale.
ICICI Prudential AMC‘s Rs10,600 crore IPO will open for subscription on December 12 and close on December 16.
The issue is entirely an offer for sale (OFS). Hence, the company will not receive any proceeds from the IPO.Prudential Corporation Holdings, the selling shareholder, will offload up to 4.89 crore shares in the issue.
The stake sale amounts to an offer of up to 9.91% of ICICI Prudential AMC’s equity. The price band for the issue has been set at Rs2,061–2,165 per share.
ICICI Bank currently owns a 51% stake in ICICI Prudential AMC, while the remaining 49% is held by Prudential Corporation Holdings. Separately, ICICI Bank had informed exchanges that it will purchase additional shareholding of up to 2% in ICICI AMC from Prudential Corporation Holdings.