HDFC Asset Management Company Limited IPO Review

Read the exclusive Reviews & Recommendations on HDFC AMC IPO by Market Experts.

HDFC AMC IPO Reviews Summary Table

Company Overview:

HDFC Asset Management Company Limited was incorporated on 10th December, 1999 under Companies Act, 1956 in the state of Maharashtra. It functions as a joint undertaking in between Housing Development Finance Corporation Limited (“HDFC”) and Standard Life Investments Limited (“SLI”). It currently offers a large stack of savings and investment products across diversified asset classes, which provides income and wealth creation opportunities to its customers.

Issue Details:

Following are the IPO Key details of RITES Limited IPO:

• The IPO opens on 25 June 2018

• The IPO closes on  27 June 2018

• Price Band: Rs. 1095 – 1100 per equity share

• Issue Size : Rs 2,800.33 Crore

• No. of Shares on Offer: 25,457,555

• Bid Lot:13  Shares

• Face Value : Rs 5 per equity share

Objects of the Issue:
The objects of HDFC Asset Management Limited are:
- To carry out the sale of Equity Shares offered for sale by Selling Shareholders.
- To achieve the benefits of listing of Equity Shares on Stock Exchanges.