ICICI Prudential Asset Management Company, India’s largest active mutual fund manager is preparing for a profile entry into the stock market. The company, which has been managing money for Indian investors for more than three decades, will launch its Rs 10,602 crore offer for sale on December 12.

With several large asset management companies already trading on the exchanges, all eyes are now on how this newest entrant will position itself in a crowded and competitive industry.

Let’s take a look at seven important details before the IPO opens –

The Rs 10,602.65 crore issue is purely an offer for sale, meaning the company itself will not receive any funds. Instead, the money will go to the promoter selling shareholder after adjusting costs and taxes. The sale includes more than 4.89 crore shares, each with a face value of Rs 1.

The company has set a price band of Rs 2,061 to Rs 2,165 per share.

The shares in the issue........

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