Sebi has kept HDFC Asset Management Company's proposed IPO in abeyance "for examination of past violations," the latest update with the markets regulator showed.
However, the Securities and Exchange Board of India (Sebi) did not clarify further.
The fund house had filed preliminary papers with Sebi in March, seeking approval to float an initial public offering.
HDFC AMC operates as a joint venture between Housing Development Finance Corporation (HDFC) and Standard Life Investments.
