India
NRI
TCNS Clothing Co Ltd IPO
ABOUT THE ISSUER
HDFC Asset Management Company operates as a joint venture between Housing Development Finance Corporation Limited (“HDFC”) and Standard Life Investments Limited (“SLI”). HDFC AMC is the largest Asset Management Company in India in terms of equity-oriented Asset under Management (“AUM”). HDFC AMC offers a large suite of savings and investment products across asset classes, which provide income and wealth creation opportunities to their customers. HDFC AMC offers their products and services through their online portal, HDFC MFOnline and mobile applications, both of which have become increasingly relevant to their business in recent years.
ISSUE DETAILS
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Price Band
Rs.1,095 - Rs.1,100
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Bid Lot
13 Shares and in multiple thereof
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Issue Size
Rs.2,788 Cr – Rs.2,800 Cr
STEPS
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Step 1
Log in to your AxisDirect account
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Step 2
Under Trading tab, click on IPO/OFS section
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Step 3
Click on “Current IPO/FD/OFS” tab
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Step 4
Select ‘HDFC Asset Management Company Ltd' & “apply”
Check out the upcoming IPO stocks along with open and listing IPO dates & offer price.
5 Reasons to Invest in HDFC AMC IPO:
1. Consistent profitable growth
2. Focus on individual investors
3. Favorable asset mix
4. Multi-channel distribution network
5. Strong parentage
What is the objective of HDFC AMC IPO?
As HDFC AMC will not receive any proceeds from the IPO, the objective of this issue is to carry out the sale of equity shares by promoter selling shareholders.
Management of HDFC AMC:
Higher management of any company drives its decisions and decides the future of the company. Take a peep into their arsenal before investing in HDFC AMC IPO:
Deepak Parekh – Non-executive Director & Chairman on Board
Keki Mistry – Non-executive Director on Board
MilindBarve – MD & Executive Director
Prashant Jain – Chief Investment Officer
HDFC AMC IPO is a big ticket IPO and got over subscribed on the first day itself. Do not miss an opportunity to invest in this mega issue.