NEW DELHI: HDFC Asset Management Company, the rustic's 2nd largest fund house, will factor an Initial Public Offering (IPO) value Rs 2.800 crore for its stocks.
The IPO which starts on Wednesday shall be open for subscription till July 27. The worth band for the IPO has been fixed at Rs 1,095-1,100 consistent with proportion.
The IPO offers up to 2.54 crore equity stocks of the fund house through an offer on the market of 85.92 lakh stocks (four.08 consistent with cent stake) by way of HDFC and up to 1.68 crore stocks (7.95 consistent with cent)by way of Standard Life.
Ahead of the IPO, the corporate garnered Rs 732 from anchor investors. The corporate's IPO committee has finalised allocation of 66,53,265 equity stocks to 35 anchor investors at Rs 1,100 consistent with scrip, the firm stated in a regulatory filing.
It will develop into the second AMC to hit the markets after Reliance Nippon Life AMC, which had raised Rs 1,542 crore remaining 12 months.
The IPO which starts on Wednesday shall be open for subscription till July 27. The worth band for the IPO has been fixed at Rs 1,095-1,100 consistent with proportion.
The IPO offers up to 2.54 crore equity stocks of the fund house through an offer on the market of 85.92 lakh stocks (four.08 consistent with cent stake) by way of HDFC and up to 1.68 crore stocks (7.95 consistent with cent)by way of Standard Life.
Ahead of the IPO, the corporate garnered Rs 732 from anchor investors. The corporate's IPO committee has finalised allocation of 66,53,265 equity stocks to 35 anchor investors at Rs 1,100 consistent with scrip, the firm stated in a regulatory filing.
It will develop into the second AMC to hit the markets after Reliance Nippon Life AMC, which had raised Rs 1,542 crore remaining 12 months.
HDFC AMC to open Rs 2,800 crore IPO today
![HDFC AMC to open Rs 2,800 crore IPO today]()
Reviewed by Kailash
on
July 26, 2018
Rating:
