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Monday, August 6, 2018

HDFC AMC IPO lists with a big bang premium

The much awaited IPO of HDFC AMC listed with bandwagon on Monday morning with the shares opening at more than 55 percent premium over the issue price

The shares under the IPO were offered at Rs.1100 a piece and the issue was oversubscribed more than 80 times

HDFC AMC is the second asset management company to hit the market after Reliance Nippon Life AMC, which had raised Rs 1,542 crore last year.

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