ICICI Prudential AMC reported a 23% profit jump to ₹965 crore for the June quarter, driven by higher income and strong SIP flows. Meanwhile, Laser Power & Infra's ₹742-crore IPO closed with 39x subscription, led by intense demand from institutional investors.
ICICI Prudential Asset Management Company (AMC) has reported a strong start to the new fiscal year, with net profit rising 23 percent year-on-year to ₹965 crore for the quarter ended June 2026. This performance was supported by an 18 percent increase in total income, which reached ₹1,745 crore. The company maintained disciplined cost management, with expenses growing at a slower pace of 11.7 percent to ₹464 crore.
The asset manager continues to benefit from the ongoing trend of retail participation in Indian equity markets. As of the June quarter, the company managed an average of ₹11.2 trillion in assets under management (AUM). A key contributor to this stability is the monthly Systematic Investment Plan (SIP) inflow, which recorded ₹4,872 crore in June alone. Consistent SIP inflows provide mutual fund houses with predictable cash flow, reducing the impact of short-term market volatility on their fee-based income.
In the primary market, Laser Power & Infra Ltd saw significant interest from investors as its ₹742-crore Initial Public Offering (IPO) concluded its subscription period. The issue was subscribed 38.94 times by the final day, with the National Stock Exchange reporting bids for over 996 million shares against an offer of approximately 25.6 million shares.
Institutional demand served as the primary driver for the offering, with Qualified Institutional Buyers (QIBs) subscribing 92.25 times their allotted portion. High-net-worth and other non-institutional investors followed with a subscription of 43.34 times, while retail interest remained steady at 6.59 times. The company, which specializes in integrated power cables and transmission products, had previously secured ₹223 crore through an anchor investor round.
Investors tracking ICICI Prudential AMC will likely focus on the sustainability of AUM growth and fee margins amid competition from other fund houses. For Laser Power & Infra, the next key monitorables include the final basis of allotment and the subsequent listing performance on the stock exchange. As with all new listings, the company's ability to scale operations and manage debt will be essential to watch following its entry into the public market.