Highlight Investment Research is an independent and privately owned organization, has come a long way and today has emerged as a premium Indian stock & commodities consultancy, with an absolute focus on business and a commitment to provide “Real value for money to all its clients”.
HDFC AMC is set to make a blockbuster debut as per markets sentiments. There is strong demand for the IPO, as it has already been subscribed 83 times.
The joint venture MF had fixed the issue price of the IPO at 1,100. Further, the IPO was open between 25 July and 27 July, and HDFC AMC had offered 25.46mn shares in a price band of 1,095-1,110 per share.
Reportedly, since both the insurance and mutual fund sectors are sunshine sectors, they will attract high inflows in the future. However, there is caution in the wind for those who missed out on the subscription as the stock isn’t cheap and the market valuation is also high.
HDFC AMC, the second biggest fund house in the country, is a joint venture between mortgage lender Housing Development Finance Corporation (HDFC) and Standard Life Investments.
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