ICICI Prudential Asset Management Company, the second largest asset management company in India, has filed a Red Herring Prospectus with the Registrar of Companies to launch its initial public offering (IPO) on December 12. The offer size is not known yet, but according to media reports, the company is expected to raise around Rs 10,000 crore via IPO.

It is entirely an offer-for-sale of 4.89 crore equity shares (9.9 percent of paid-up equity) by Prudential Corporation Holdings, with no fresh issue component.

The asset management company has reserved up to 24.48 lakh equity shares of the total offer for the shareholders of ICICI Bank.

The anchor book of the IPO will be launched for a day on December 11, while the offer will remain open for the public till December 16. The IPO share allot

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