An investor who Bids in the HDFC Shareholders Reservation Portion can also bid in the Retail Portion. However, a Bid in the Non Institutional Portion shall be treated as multiple Bids.
HDFC Asset Management Company, the subsidiary of Housing Development Finance Corporation, has decided to open its initial public offering for subscription next week.
HDFC informed exchanges that the IPO will be open for subscription by anchor investors on July 24. "And the IPO will remain open for public from July 25 to July 27."
The price band for the IPO is fixed at Rs 1,095 to Rs 1,100 per share.
Bids can be made for a minimum lot of 13 equity shares and in multiples of 13 equity shares thereafter.
In March, the board of directors of HDFC had approved offering up to 85,92,970 equity shares of Rs 5 each of HDFC AMC representing 4.08 percent of its then existing issued and paid-up equity share capital, by way of an offer for sale in the proposed IPO of HDFC AMC. The Red Herring Prospectus (RHP) dated July 13 filed by HDFC AMC with the Registrar of Companies, Maharashtra was approved on July 17.
Finalisation of Basis of Allotment 1-8-2018 Refunds/Unblocking ASBA Fund 2-8-2018 Credit of equity shares to DP A/c 3-8-2018 Trading commences 6-8-2018
Allotment of 1,433,600 Equity Shares pursuant to a preferential allotment on 30 April 2018. Subsequently, KKR India Financial Services Private Limited purchased 1,261,000 Equity Shares from 173 allottees, at a price of Rs 1,075 per Equity Share.