GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

HDFC AMC Shares Zoom 58% in Debut Trade

The stock listed at Rs 1,739, registering a sharp gain of 58 per cent from the issue price on BSE. Later, the stock was trading at Rs 1,806.10, rising sharply by 64.19 per cent.

PTI

Updated:August 6, 2018, 11:57 AM IST
facebookTwittergoogleskypewhatsapp
HDFC AMC Shares Zoom 58% in Debut Trade
Representative image/Reuters
Loading...
New Delhi: Shares of HDFC Asset Management Company made a stellar debut at the bourses today, surging 58 per cent against the issue price of Rs 1,100 per share.

The stock listed at Rs 1,739, registering a sharp gain of 58 per cent from the issue price on BSE. Later, the stock was trading at Rs 1,806.10, rising sharply by 64.19 per cent.

On NSE, shares of the company opened at Rs 1,726.25, zooming 56.93 per cent.

The company's market valuation stood at Rs 38,316.98 crore on BSE.

In terms of equity volume, 23 lakh shares of the company were traded on BSE and over one crore shares changed hands on NSE during morning trade.

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.

HDFC AMC operates as a joint venture between Housing Development Finance Corporation (HDFC) and Standard Life Investments.

It is the second asset management company (AMC) to hit the market after Reliance Nippon Life AMC, which had raised Rs 1,542 crore last year.

HDFC AMC has total assets under management of over Rs 3 lakh crore as of March-end this year.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,100.90 -4.38
Indiabulls Hsg 655.80 -16.85
Dewan Housing 209.90 -11.02
Yes Bank 217.40 -6.25
Bajaj Finance 2,132.55 -0.83
Company Price Change %Gain
Sudarshan Chem 377.50 0.63
Indiabulls Hsg 654.05 -17.09
Reliance 1,100.25 -4.23
Dewan Housing 211.50 -10.50
Yes Bank 217.25 -6.26
Top Gainers
Company Price Change %Gain
HPCL 216.25 4.32
ITC 288.80 0.82
Kotak Mahindra 1,196.00 1.70
HUL 1,577.50 0.99
Wipro 323.05 -0.03
Company Price Change %Gain
Sun Pharma 607.75 2.41
Kotak Mahindra 1,197.25 1.63
HUL 1,575.25 0.91
Vedanta 210.70 1.30
ITC 288.45 0.73
Top Losers
Company Price Change %Gain
Indiabulls Hsg 653.50 -17.14
Yes Bank 217.40 -6.25
Bajaj Finance 2,132.55 -0.83
Hero Motocorp 2,713.45 -3.35
Eicher Motors 21,599.95 -1.72
Company Price Change %Gain
Yes Bank 217.25 -6.26
HDFC 1,658.05 -4.51
Reliance 1,100.25 -4.23
Hero Motocorp 2,714.80 -3.56
Infosys 683.50 -2.98

Live TV

Loading...
Loading...