ICICI Pru Pre-IPO Round: 26 Investors Involved
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A recent pre-IPO share sale by ICICI Prudential Asset Management has successfully raised approximately ₹4,900 crore (roughly $590 million USD as of november 21, 2023) from a diverse group of 26 investors.The offering drew substantial interest from both domestic and international institutions,family offices,and prominent insurance companies,signaling strong confidence in the company’s future prospects.
The Details of the Investment
The share sale comprised two key components: an anchor book allocation and a broader offering. The anchor book, reserved for institutional investors, accounted for ₹3,021 crore of the total investment. This demonstrates a significant appetite from large-scale investors seeking early exposure to ICICI Prudential.
ICICI bank was the largest single investor, contributing ₹2,225 crore to the pre-IPO round.The remaining ₹2,675 crore came from a consortium of other investors.
| investor | Investment (₹ Crore) |
|---|---|
| ICICI Bank | 2,225 |
| Other Investors (Combined) | 2,675 |
| Total | 4,900 |
Who Invested? A Breakdown of Key Participants
The investor list reads like a who’s who of the financial world.Here’s a more detailed look at some of the key participants:
- Domestic Institutions: SBI Life Insurance, HDFC Life Insurance, Kotak Life, Birla Life, Bajaj Life, Tata AIG General Insurance
- Foreign Institutions: Lunate (Abu Dhabi), White Oak, Janchor, ChrysCapital, Malabar, Think investments