HDFC AMC to debut on August : Will it be a bumper listing after strong response to IPO?
Overwhelming response to the issue indicated the listing could be at a hefty premium and experts also agreed with the same.
HDFC AMC IPO Listing News
The joint venture fund house raised Rs 2,800.33 crore through public issue and issued 2,54,57,555 equity shares at Rs 1,100 per share. Housing Development Finance Corporation and Standard Life Investments lower their shareholding via this IPO.
The public issue was subscribed 83.06 times receiving bids for 156.19 crore equity shares against IPO size of 1.88 crore shares (excluding anchor portion). The reserved portion of qualified institutional investors oversubscribed by 192.26 times, non-institutional investors 195.15 times and retail 6.73 times during July 25-27.
Such an overwhelming response indicated the listing could be at a hefty premium and experts agree
HDFC AMC: HDFC Asset Management Company, which recently concluded its public offer, will make its stock market debut on Monday. HDFC AMC’s Rs 2,800-crore initial public offer was open during July 25-27. Price band for the offer was fixed at Rs 1,095-1,100 per share.