The second episode of season two of the Moneycontrol Show.
HDFC AMC made a bumper debut at the stock markets last week making its investors richer by over 65% on day one.
Anecdotal evidence suggests that there are as many as 10 companies which recorded listing gains of over 50-140 percent since 2011.
While a rightful discount to HDFC AMC is justified, RNAM is trading at a discount to IIFL wealth, which is unwarranted.
HDFC Asset Management Company's public issue has received bids for 140.67 crore equity shares against IPO size of 1.88 crore shares (excluding anchor portion), as per data available on the NSE website.
Given the sectoral opportunities and its strong brand, HDFC AMC is well poised for the next leg of growth. It is a great long term bet available at a reasonable price
HDFC AMC aims to raise Rs 2,787.60-2,800.33 crore through the public issue, of which Rs 945 crore will go to promoter HDFC and the rest funds to Standard Life.