ICICI Prudential AMC shares decline 7% in two days as promoter plans 2% stake sale

Shares of ICICI Prudential Asset Management Company declined 5% to Rs 3,064 on the BSE on Thursday as promoter, Prudential Corporation Holdings, is set to sell up to 2% stake in the company through open-market transactions. With today's fall, the stock is dwn 7% in two straight sessions.

ICICI Prudential AMC on Wednesday announced in an exchange filing that Prudential Corporation Holdings, one of the promoters of the company, intends to sell up to 2% equity stake or 98.85 lakh shares in the firm to comply with the requirements of minimum public shareholding. At the previous closing price of Rs 3,222.80 apiece on NSE, this would be worth more than Rs 3,185.79 crore.

Prudential Corporation along with other promoters and promoter groups, held an 87.60% stake in ICICI Prudential AMC as of August 21. After the stake sale, promoter holding in the company will reduce to 85.60%, the company explained in its exchange filing. The proposed sale is scheduled to begin on August 27, and may be executed in a single or multiple tranches.


Also read |ICICI Prudential AMC Q1 Results: Net profit rises 23% YoY to Rs 965 crore; revenue up 18%

ICICI Prudential AMC share price

ICICI Prudential AMC shares made their much-awaited market debut in December last year, listing at a 20% premium over the IPO price at Rs 2,600 apiece on NSE. This came after the initial public offering of the company saw strong investor interest, being subscribed 39.17 times overall, driven primarily by qualified institutional buyers, whose portion was subscribed nearly 124 times.

After the market debut, the stock fell to a record low of Rs 2,530 apiece in the same month, before beginning to sharply rise. The stock rallied 43% in around five months to hit a record high of Rs 3,611 apiece in May this year.

The shares of the company have now fallen nearly 11% since then to close at Rs 3,223 apiece on Wednesday. Overall, the stock is up more than 22% in 2026 so far. The company has a market capitalisation of around Rs 1.6 lakh crore.

ICICI Prudential AMC Q1 Results

ICICI Prudential AMC in July reported a 23% year-on-year (YoY) growth in its net profit at Rs 965 crore in the first quarter, compared with Rs 784 crore in the last year period. Revenue from operations, meanwhile, increased 18% YoY to Rs 1,564 crore.

Total income for the quarter stood at Rs 1,745 crore, up 18% from Rs 1,477 crore a year earlier. Sequentially, total income rose 20% from Rs 1,452 crore, helped by other income of Rs 181 crore against a loss of Rs 90 crore in the previous quarter.

Also read | ICICI Prudential AMC Q1 Results: Net profit rises 23% YoY to Rs 965 crore; revenue up 18%

(With inputs from agencies)

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