New Delhi, Dec. 8 -- The initial public offering (IPO) of one of the largest asset management companies in India, ICICI Prudential Asset Management Company (AMC), is set to open for public subscription on Friday, December 12, and will remain open until Tuesday, December 16. Share allotment will likely be finalised on Wednesday, December 17, and the stock will debut on the BSE and the NSE on Friday, December 19.

The Rs.10,602.65 crore book build issue is entirely an offer for sale (OFS) of up to 4,89,72,994 shares of face value of Rs.1 each. This means the company will not receive the proceeds from the offer, and all the offer proceeds will be received by the promoter selling shareholder after deduction of offer-related expenses and relev...