HDFC AMC kicks off IPO today; company raises Rs 732 crore from anchor investors at Rs 1,100 per scrip
FirstpostHDFC AMC, which has a total asset under management of over Rs 3 lakh crore as of March-end, is the country’s second largest fund house after ICICI Prudential AMC that has an asset base of Rs 3.06 lakh crore during the same period. New Delhi: HDFC Asset Management Company, the country’s second largest mutual fund firm, garnered Rs 732 from anchor investors on Tuesday, ahead of its initial share-sale today. The company’s IPO committee has finalised allocation of 66,53,265 equity shares to 35 anchor investors at Rs 1,100 per scrip, the firm said in a regulatory filing. Among the anchor investors are Camas Investments, Reliance Strategic Investments, Goldman Sachs, Abu Dhabi Investment Authority - Relval, FIL Investments, HSBC Indian Equity Mother Fund, SBI Large and Mid Cap Fund, Kotak Emerging Equity Scheme and Smallcap World Fund, Inc. HDFC AMC operates as a joint venture between Housing Development Finance Corporation and Standard Life Investments.