HDFC AMC IPO subscribed 5.52 times on day 2
Updated : July 27, 2018 07:23 AM IST
HDFC Asset Management Company's initial public offer was subscribed 5.52 times on the second day of the three-day bidding on Thursday.
The Rs 2,800-crore public offer received bids for 10,38,77,982 shares against the total issue size of 1,88,04,290 shares, according to data available with the NSE.
The category reserved for qualified institutional buyers (QIBs) was subscribed 5.89 times, non-institutional investors 13.91 times and retail investors 3.50 times.