RCS - Prudential PLC - Pudential plc - Filing of RHP for IPAMC IPO

PrudentialAnnouncement

05/12/2025 18:30

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RNS Number : 5136K  Prudential PLC  05 December 2025

 

NEWS RELEASE

 

 

 

Prudential announces filing of red herring prospectus for

ICICI Prudential Asset Management IPO

 

6 December 2025, Hong Kong - Further to the announcement dated 8 July 2025,
Prudential plc ("Prudential") today announces that ICICI Prudential Asset
Management Company Limited ("IPAMC") has filed the Red Herring Prospectus
("RHP") with the Registrar of Companies, Delhi and Haryana at Delhi, for an
Initial Public Offering ("IPO") comprising an offer for sale of up to 9.91% of
the equity share capital in IPAMC by Prudential Corporation Holdings Limited
("PCHL", a subsidiary of Prudential). The RHP has also been filed with the
Securities and Exchange Board of India ("SEBI"), BSE Limited ("BSE") and
National Stock Exchange of India Limited ("NSE").

 

The RHP is also available on the websites of IPAMC, the book running lead
managers to the IPO, SEBI, BSE and NSE. The IPO and the amount of the offer
for sale remain subject to market conditions, requisite approvals and other
considerations.

 

As previously indicated and in addition to the potential IPO, Prudential plc
continues to consider a private sale of 2% of IPAMC to ICICI Bank Limited. We
are also considering an additional pre-IPO placement to select institutional
investors before the completion of the IPO.

 

Contact

 Media                              Investors/analysts
 Simon Kutner  +44 7581 023260  UK  Patrick Bowes     +852 2918 5468     HK
 Sonia Tsang   +852 5580 7525   HK  William Elderkin  +44 2039 779215    UK
                                    Ming Hau          +44 2039 779293    UK
                                    Bosco Cheung      +852 2918 5499     HK
                                    Tianjiao Yu       +852 2918 5487     HK

 

About Prudential plc

 

Prudential provides life and health insurance and asset management in Greater
China, ASEAN, India and Africa. Prudential's mission is to be the most trusted
partner and protector for this generation and generations to come, by
providing simple and accessible financial and health solutions. The business
has dual primary listings on the Stock Exchange of Hong Kong (HKEX: 2378) and
the London Stock Exchange (LSE: PRU). It also has a secondary listing on the
Singapore Stock Exchange (SGX: K6S) and a listing on the New York Stock
Exchange (NYSE: PUK) in the form of American Depositary Receipts. It is a
constituent of the Hang Seng Composite Index and is also included for trading
in the Shenzhen-Hong Kong Stock Connect programme and the Shanghai-Hong Kong
Stock Connect programme.

 

Prudential is not affiliated in any manner with Prudential Financial, Inc. a
company whose principal place of business is in the United States of America,
nor with The Prudential Assurance Company Limited, a subsidiary of M&G
plc, a company incorporated in the United Kingdom.

 

www.prudentialplc.com/ (http://www.prudentialplc.com/)

 

Potential investors should note that investment in equity shares involves a
high degree of risk. For details, potential investors should refer to the Red
Herring Prospectus filed with the Registrar of Companies, Delhi and Haryana at
New Delhi, including the section titled "Risk Factors". Potential investors
should not rely on the DRHP filed with SEBI in making any investment decision.
This announcement has been prepared for publication in India only and is not
for publication or distribution, directly or indirectly, in or into the United
States. The equity shares described in this announcement have not been and
will not be registered under the U.S. Securities Act of 1933, as amended (the
"U.S. Securities Act") or any other applicable law of the United States and,
unless so registered, may not be offered or sold within the United States,
except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the U.S. Securities Act and applicable U.S. state
securities laws. Accordingly, the equity shares of the Company are being
offered and sold (i) within the United States only to persons reasonably
believed to be "qualified institutional buyers" (as defined in Rule 144A of
the U.S. Securities Act) pursuant to Section 4(a) of the U.S. Securities Act,
and (ii) outside the United States in "offshore transactions", as defined in
and in reliance on, Regulation S of the U.S. Securities Act and the applicable
laws of the jurisdictions where those offers and sales occur. There will be no
public offering of securities in the United States.

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