This post is as to HDFC AMC Listing On Monday 06 August , listing will have minimum ₹ 500 high / share amounting to listing gain = 42%.
Some estimates show each allotted share of the IPO is costing HNIs ₹410 extra becuase of leverage.
Given the oversubscription in the HNI category and 11 % funding cost for seven days, the breakeven cost for the HNI category be ₹1560 /share.
This means a 42% premium over an issue price of ₹1100 which is upper end of the price band.
Going by the market buzz, the stock on friday commanded a grey market premium of ₹600 over the issue price.
A minimum listing priceof ₹1600 / share is required for it to be a worthwhile exercise for HNIs. That would require a 45% of listing pop.
That's all guys this was my information regarding HDFC AMC listing IPO.
RAGHAV DAGA