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Wednesday, July 25, 2018

You can apply twice in HDFC AMC IPO if you hold HDFC shares

Equity shareholders of HDFC Limited, holding shares as on Mar 14, 2018 would be able to apply additionally in shareholder quota for the upcoming IPO of HDFC AMC Limited

Shares under HDFC AMC IPO are offered in a price band of Rs.1095 to Rs.1110 a piece

All HDFC shareholders, says the a note from one of brokerage houses, as on 14 March 2018, can make three applications under the HDFC shareholder portion, retail portion and HDFC employee reservation portion/HDFC AMC employee reservation portion (for eligible employees only). 

The maximum bid amount in the HDFC shareholders’ reservation portion by an eligible HDFC shareholder cannot exceed ₹ 2 lakh.



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