HDFC Asset Management Company to make stock market debut
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.
HDFC Asset Management Company, which recently concluded its public offer, will make its stock market debut tomorrow.
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.
Kotak Mahindra Capital Company, Axis Capital, DSP Merrill Lynch, Citigroup Global Markets India, CLSA India, HDFC Bank, ICICI Securities, IIFL Holdings, JM Financial, JP Morgan India, Morgan Stanley India and Nomura Financial Advisory managed the company's IPO.
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