The largest mutual fund company, HDFC Asset Management firm has finally received the green signal from the market regulator Securities and Exchange Board India for the IPO. The company had submitted the draft papers with Sebi in March month & received its final observation on June 22.

The observations of Sebi are inevitable for a company to launch the public issues like Follow-on Public Offer (FPO) and Initial Public Offer (IPO). The proposed initial public offer up to 2.54 Cr. equity shares of a fund house through the offer for sale up to 85.92 lac shares by HDFC & 1.68 Cr. shares by the Standard Life.

Kotak Mahindra Capital, Nomura Financial Advisory & Securities (India), Citigroup Global Markets India, Bofa Merrill Lynch, HDFC Bank, CLSA India, IIFL Holdings, ICICI Securities, JP Morgan India, JM Financial & Morgan Stanley India are running lead manages.

So, have you started your research on this IPO? No, start it right now and then subscribe the IPO. Best of Luck!