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HDFC AMC IPO to be launched on July 25, company aims to raise Rs 2,800 crore

Updated : July 19, 2018 10:33:55 IST

HDFC Asset Management Company(AMC), the subsidiary of Housing Development Finance Corporation, has decided to launch its initial public offer(IPO) on July 25.

The company is aiming to raise Rs 2,800 crore through the public issue and the price band is fixed at Rs 1,095 to Rs 1,100 per share.

This will be the 5th listing within the HDFC group, said Deepak Parekh, chairman of HDFC, adding that this was the right time to list the AMC.
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