HDFC Asset Management Company's Rs 2,800 crore IPO opened today. The IPO carries price band of Rs 1,095 to 1,100 per share. The issue size comprises 2.5 crore equity shares which includes 8,59,2,970 (4.08 per cent stake) equity shares by HDFC Ltd and 16,864,585 (7.95 per cent stake) equity shares by Standard Life Investments.
We look at five things to know about the firm launching one of the biggest IPOs in India this year.
Written and edited by Aseem Thapliyal