HDFC AMC IPO subscribed 42 times so far on last day of bidding
New Delhi: The preliminary public provide of HDFC Asset Administration Firm was subscribed 42.68 instances to date on the final day of bidding on Friday.
The IPO, to lift Rs 2,800 crore, acquired bids for 80,26,20,988 shares in opposition to the whole concern dimension of 1,88,04,290 shares, NSE information until 1415 hrs confirmed.
The general public provide is of 25,457,555 shares, together with anchor portion of 6,653,265 shares.
Until yesterday, the IPO was subscribed 5.52 instances.
HDFC AMC operates as a three way partnership between Housing Growth Finance Company (HDFC) and Customary Life Investments.
On Tuesday, HDFC AMC garnered Rs 732 crore from anchor buyers.
Value band for the provide, which opened for subscription on Wednesday, has been set at Rs 1,095-1,100 per share.
HDFC AMC has complete belongings below administration of over Rs three lakh crore as of March finish.
It’s the second asset administration firm to hit the market after Reliance Nippon Life AMC, which had raised Rs 1,542 crore final yr.
Kotak Mahindra Capital, Axis Capital, DSP Merrill Lynch, Citigroup International Markets India, CLSA India, HDFC Financial institution, ICICI Securities, IIFL Holdings, JM Monetary, J P Morgan India, Morgan Stanley India and Nomura Monetary Advisory are managing the problem.