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Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
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Assembly Elections 2019 Exit Poll Results

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1-min read

HDFC Asset Management Company to Make Stock Market Debut Tomorrow

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

PTI

Updated:August 5, 2018, 11:21 AM IST
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HDFC Asset Management Company to Make Stock Market Debut Tomorrow
Representative image of Sensex.
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New Delhi: 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.

The IPO was of 25,457,555 shares, including anchor portion of 6,653,265 shares.

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

HDFC AMC has total assets under management of over Rs 3 lakh crore as of March-end.

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

Kotak Mahindra Capital Company, Axis Capital, DSP Merrill Lynch, Citigroup Global Markets India, CLSA India, HDFC Bank, ICICI Securities, IIFL Holdings, JM Financial, J P Morgan India, Morgan Stanley India and Nomura Financial Advisory managed the company's IPO.
| Edited by: Nitya Thirumalai
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