HDFC AMC set to kick off its IPO of Rs 3,462 Crore this July !!!

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As per the reports, HDFC AMC is set to kick off its IPO this july.  The IPO will open on 11th July, 2018 and will close on 13th July, 2018. HDFC AMC intends to float a total of 25,457,555 shares of face value of Rs 5 per share.

In a development, SEBI had asked the company to scrap the share placement to top financial advisers and distributors ahead of its public offer. The action was the consequence on the complaints of the left out distributors

Following are key details of the IPO:

Issue open  : Jul 11, 2018
Issue Close : Jul 13, 2018
Issue Size   : Rs 3,462 Crores
Price Band  : Rs 1345 - Rs 1360 Per Equity
Lot Size       : 11 Shares

HDFC Asset Management Limited offers a vast range of savings and investment products across diversified asset classes. As of 31st December 2017 they have offered 127 schemes that were classified into 28 equity-oriented schemes, 91 debt schemes (including 65 FMP’s), 3 liquid schemes and 5 other schemes (including exchange-traded schemes and funds of fund schemes). They also provide portfolio management and segregated account services which includes discretionary, non-discretionary and advisory services. Their segments of product include:

-Equity-oriented scheme.
-Debt scheme.
-Liquid schemes.
-Other schemes

 

For more IPO action on HDFC, visit https://www.samco.in/ipo/hdfc-asset-management-company-limited-ipo

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