HDFC AMC IPO subscribed 35% in the first few hours on Day 1
Updated : July 25, 2018 02:23 PM IST
The initial public offer of HDFC Asset Management Company was subscribed 35 percent within the first few hours on the first day of bidding on Wednesday.
The mutual fund firm's Rs 2,800-crore public offer received bids for 64,90,705 shares against the total issue size of 1,88,04,290 shares, data available with the NSE till 1215 hrs showed.
HDFC Asset Management Company yesterday garnered Rs 732 crore from anchor investors.