HDFC AMC IPO opens for subscription today. Should you invest?

HDFC AMC has been the most profitable asset management company in India in terms of net profit since FY13

The initial public offer (IPO) of HDFC Asset Management Company (AMC) opens today for subscription. The issue, which remains open till July 27, comprises of up to 25457555 equity shares of face value of Rs 5 each. The price band for the offer is fixed at Rs 1,095 - 1,100 per share.

The IPO is entirely an offer for sale of 25.5 million shares belonging to HDFC and Standard Life Investment. HDFC and Standard Life are paring 4.05 per cent and 7.96 per cent stake,