Shares of HDFC Asset Management Co. Ltd jumped more than 65% on the bourses on Monday, after the asset manager’s Rs. 2,800 crore initial public offer (IPO) was subscribed more than 83 times last month, with investors lapping up the stock on the back of brand value. HDFC AMC shares opened 58.09% higher on the BSE at Rs 1739 a piece , compared to the issue price of Rs 1,100 , which was the upper end of the price band between Rs 1,095-1,100 per share.
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