ICICI Prudential AMC’s IPO, valuing the company at Rs 1.07 lakh crore, puts it nearly level with HDFC AMC, reflecting its rise as a co-lead...

Aditya Birla Sun Life AMC IPO will open for subscription on Wednesday, September 19 and will close on Friday, October 1.

HDFC AMC made a stellar listing on the bourses at 58% premium over its issue price which was Rs 1,100 whereas the scrip got listed at Rs 1,...

HDFC AMC is only the second listing by an asset management company.

Prior to August 2, IIFL Focused Equity Fund had an exit load of 2 per cent if redeemed before two months.

The IPO received bids for 1,25,60,62,470 shares against the issue size of 1,88,04,290 shares.

HDFC AMC's IPO was subscribed 5.52 times on the second day.

HDFC AMC is selling 4.08% stake in the IPO, while Standard Life will offload 7.95% holding.

The two partners -- HDFC and Standard Life -- look to sell a total of 12.01 per cent stake.

The initial share-sale offer will be open for public subscription from July 25 to 27.

The company is 60 per cent owned by HDFC while Standard Life Investments holds the rest.

HDFC AMC is 60% owned by HDFC while Standard Life Investments holds the rest.

HDFC Asset Management had filed papers with Sebi in March for an IPO.

HDFC Asset Management Company, the country's largest mutual fund firm, has received Sebi's go-ahead to float an IPO.

The proposed IPO offers up to 2.54 crore equity shares through an OFS.

Marketmen believe HDFC MF could be valued at Rs 30,000 crore.

The process involves offering part of the shares held in HDFC AMC to the public.