InvestorQ : How has been the response to the OFS of HDFC AMC over the last two days?
prachi Patwardhan made post

How has been the response to the OFS of HDFC AMC over the last two days?

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4 months ago
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While the response from the institutional investors has been better than expected, the retail response has been a lot more measured. HDFC AMC OFS got only 82% subscription from retail investors. However, overall subscription was hardly an issue as the non-retail portion was oversubscribed 2.6 times. The two-day OFS came to a close on Thursday with Standard Life offering 2.82% stake in HDFC AMC at a floor price of Rs.2362 representing a 7% discount to the stock price. Standard Life has stated that in the event of oversubscription, it could look at doubling its OFS size.

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