Securities and Exchange Board of India (Sebi) clears ICICI Prudential Asset Management and three others for IPO launch

Key facts

• ICICI Prudential Asset Management's IPO will be entirely an offer for sale (OFS) worth ₹10,000 crore.
• Prudential Corporation Holdings will sell 1.76 crore shares in the OFS.
• ICICI Bank owns 51% of ICICI Prudential AMC; Prudential Corporation Holdings holds the remaining 49%.
• Annu Projects' IPO comprises a fresh issue of 2.2 crore shares.
• Technocraft Ventures will raise capital through a fresh issue of 95.05 lakh shares and an OFS of 23.76 lakh shares.
• Powerica's IPO includes a fresh issue of ₹700 crore and an OFS of ₹700 crore.