 "HDFC MF IPO")
HDFC Mutual Fund’s initial public offer (IPO) has received approval from the Securities and Exchange Board of India (Sebi) at a time when market conditions have turned favourable. However, valuation of the much-awaited IPO is likely to be lower than the widely expected figure of Rs 350 billion.
According to bankers handling the issue, HDFC MF’s IPO would be launched at a valuation of anywhere between Rs 270 billion and Rs 330 billion. According to sources, Sebi has issued its final observations and Registrar of Companies (ROC) approval is awaited. This is mostly a procedural exercise.
According to bankers handling the issue, HDFC MF’s IPO would be launched at a valuation of anywhere between Rs 270 billion and Rs 330 billion. According to sources, Sebi has issued its final observations and Registrar of Companies (ROC) approval is awaited. This is mostly a procedural exercise.
At Rs 350
