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HDFC Asset Management Company Limited IPO (HDFC AMC IPO) Detail

Jul 25, 2018 - Jul 27, 2018

Incorporated in 1999, Mumbai based HDFC Asset Management Company (HDFC AMC) Limited is well-known fund house engaged in providing savings and investment products. It is a joint venture between Housing Development Finance Corporation Limited (HDFC) and Standard Life Investments Limited (SLI). SLI is part of Standard Life Aberdeen plc., one of the world's largest investment company.

According to CRISIL, as of December 31, 2017, HDFC AMC has been the most profitable AMC of the country in terms of net profits since Fiscal 2013 with a total AUM (Assets Under Management) of ₹2,932.54 billion. Its profits has grown every year since 2002.

It has been the largest AMC in equity-oriented AUM since the last quarter of Fiscal 2011 and has consistently been among the top two asset management companies in India in terms of total average AUM since the month of August 2008..

HDFC AMC offers a wide range of savings and investment products across asset classes. As of December 31, 2017, it offered 127 schemes categorized into-

  • 28 equity-oriented schemes
  • 91 debt schemes
  • 3 liquid schemes
  • 5 other schemes (including exchange-traded schemes and funds of fund schemes).

The company also provides portfolio management and segregated account services to HNIs, family offices, trusts, domestic corporates and provident funds etc. As of December 31, 2017, it managed a total AUM of ₹75.78 billion as part of its portfolio management and segregated account services' business.

Strengths-

1. Brand reputation of HDFC and SLI helps in earning the trust of customers.
2. Consistent investment performance over the years has helped it established itself as one of the leading AMC in the country
3. Diversified product mix with a multi-channel distribution network helps it expand its reach.
4. Strong profitable growth, over the years, provides it with resources to fund future growth.

Company Promoters:

The Promoters of the Company are HDFC and Standard Life Investments. HDFC holds 120,772,800 Equity Shares and Standard Life Investments, holds 80,515,200 Equity Shares, which constitutes 57.36% and 38.24%, respectively, of the Company's pre-Offer, issued, subscribed and paid-up Equity Share capital.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Millions)
31-Dec-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 25,831.58 15,995.90 14,227.17 13,117.50 11,213.36 8,294.39
Total Revenue 13,167.21 15,879.10 14,943.42 10,642.76 9,031.14 7,839.76
Profit After Tax 4,955.55 5,502.46 4,778.80 4,155.00 3,577.70 3,187.46

Objects of the Issue:

The objects of the Offer-

1. To carry out the sale of Equity Shares offered for sale by the Selling Shareholders.
2. Enhance the company's visibility and brand image,
3. Provide a public market for Equity Shares in India.

The Company will not receive any proceeds from the Offer and all the proceeds from the Offer will be received by the Selling Shareholders.

HDFC AMC IPO Details
Issue OpenJul 25, 2018 - Jul 27, 2018
Issue TypeBook Built Issue IPO
Issue Size25,457,555 Eq Shares of Rs 5
(aggregating up to Rs 2,800.33 Cr)
Offer for Sale25,457,555 Eq Shares of Rs 5
(aggregating up to Rs [.] Cr)
Face ValueRs 5 Per Equity Share
Issue PriceRs 1095 - Rs 1100 Per Equity Share
Market Lot13 Shares
Min Order Quantity13 Shares
Listing AtBSE, NSE
HDFC AMC IPO Tentative Date / Timetable
Bid/Offer Opens OnJul 25, 2018
Bid/Offer Closes OnJul 27, 2018
Finalisation of Basis of AllotmentAug 1, 2018
Initiation of RefundsAug 2, 2018
Credit of Shares to Demat Acct:Aug 3, 2018
IPO Shares Listing Date:Aug 6, 2018

HDFC AMC IPO FAQ's

Click here to read FAQ's about HDFC AMC IPO

Issue Size and Allocation
CategoryShares Offered
QIB44,35,511
NII33,26,634
Retail77,62,145
Eligible HDFC AMC Employees320,000
Eligible HDFC Employees560,000
Eligible HDFC Shareholders FAQs2,400,000
Total1,88,04,290

Peer Comparision

HDFC AMC Peer Comparison
Financial HDFC AMC Reliance AMC ICICI AMC
Revenue Growth 19.7% 23.8% 36.1%
Net Profit Growth 19.2% 17.8% 36.0%
AUM Growth 27.5% 21.1% 30.1%
Return on Equity 33.4% 22.8% 76.0%
Return on Asset 36.4% 22.6% 58.0%
Revenue (% of AUM) 0.59% 0.40% 0.59%
Net Profit (% of AUM) 0.24% 0.13% 0.20%
Total Expense (% of AUM) 0.27% 0.27% 0.31%

Valuation Comparision

HDFC AMC Valuation Comparison
Key Ratio HDFC AMC Reliance AMC
Price-to-Earning (x) 32.3 27.1
Price-to-Book (x) 10.8 6.2
Market Cap As % Of Total AUM 7.8 3.6

HDFC AMC IPO Prospectus

HDFC AMC IPO Rating

1690
4.1
Rating:Rated 4.1 stars

Vote Here ...

HDFC AMC IPO Listing Date

  •   ›  Listing Date: Monday, August 6, 2018
  •   ›  BSE Script Code: 541729
  •   ›  NSE Symbol: HDFCAMC
  •   ›  Listing In:
  •   ›  ISIN: INE127D01025
  •   ›  Issue Price: Rs 1100 Per Equity Share
  •   ›  Face Value: Rs 5 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 1,100.00
Rs 1,739.00
Rs 1,730.00
Rs 1,842.95
Rs 1,815.15
3,076,982
NSE
Rs 1,100.00
Rs 1,726.25
Rs 1,726.25
Rs 1,844.00
Rs 1,815.95
19,305,566

HDFC AMC IPO Reviews / Ratings

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Company Contact Information

HDFC Asset Management Company Limited
HDFC House, 2nd Floor, H.T. Parekh Marg
165-166, Backbay Reclamation
Churchgate, Mumbai 400 020, Maharashtra,
Phone: +91 (22) 6631 3333
Fax: +91 (22) 6658 0203
Email: shareholders.relations@hdfcfund.com
Website: http://www.hdfcfund.com/

HDFC AMC IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

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HDFC AMC IPO Review / Comments

avatar
1980. harit  Sep 21, 2018 19:17 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
Dear administrator sir
Kindly update how many post I send in this group
How many likes I received till date
It has not been updated long time
avatar
1980.1. Administrator  Sep 22, 2018 09:18 I Like It. | Report Abuse
Dear Sir,

The members rank are updated correctly.

Your total posts are 780 which are shown as 700+
Total Likes are      1143 which is shown as 1100+

Once you cross 800 posts it will show as 800+.

Hope this help.
Team Chittorgarh.com

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avatar
1979. AmanSingh  Sep 19, 2018 17:23 I Like It. | Report Abuse Reply
Closed at 1408/-
avatar
1978. kumar s  Sep 18, 2018 15:00 I Like It. | Report Abuse Reply
d/a,

this stock has corrected a lot since listing and is now available at 1550.

considering the pedigree of this stock and the ability of the co to add to the bottom line without adding to assets is a great feature.

value investors should add at lower levels.

regards
avatar
1977. Prabahar P M  Aug 2, 2018 17:59 I Like It. | Report Abuse Reply
Great allotment. 2/2 (ICICI Bank with ICICIDIRECT and Corporation Bank with ZERODHA)
avatar
1977.5. Andi  Aug 2, 2018 20:17 I Like It. | Report Abuse
A couple of minutes back money got debited from my icici bank account too.
avatar
1977.6. Hooda  Sep 17, 2018 09:46 I Like It. | Report Abuse
Bhai please apna number de sakte ho..ya phir koi bhi contact detail.. mujhe IPO see related kuch question puchne hai..plz bro help me..
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1976. Abhishek Shahi  Sep 11, 2018 10:19 I Like It. | Report Abuse Reply
pls suggest ... to hold or sale
avatar
1975. V. G. Balachandar  Sep 3, 2018 02:40 I Like It. | Report Abuse Reply
Looking for buying shares, Ipo details please
avatar
1974. Kaybee  Aug 31, 2018 17:55 I Like It. 2 | Report Abuse Reply
From here onwards there will only be a slow rise in value.
avatar
1973. KVR Krishna  Aug 28, 2018 10:30 I Like It. | Report Abuse Reply
Hi,
My apologies for off-topic question.
i'm holding Lanco Infratech shares (3000) since three months. I had tried to sell but no buyers are available. Because of the recent court orders i am getting scared, do they offer any 'takeover' or 'buyback' for the sake of shareholders. Could you suggest me what will happen in future, and how many days it will take?
avatar
1973.1. AnkurGoel  Aug 28, 2018 20:34 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Why did you enter in a company which is already in NCLT?

If you entered for speculation then your investment should not be more than 3K. So do not worry for yr 3k investing. Either it would be zero or if someone come to rescue lanco then you may get your investment back.
avatar
1973.2. VIE  Aug 29, 2018 00:43 I Like It. 3 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
@kkr krishna
Lanco Case is in NCLT. There is huge speculation in nclt cases stock like amtek auto bhusan steel ruchi soya monnet ispat jp etc. Better avoid. Till date whatever cases were settled in nclt were settled with a hair cut of 30 to 60 percent. Even in amtek auto co. Acquirer liberty house Is giving only 2.5 cr rupees to other shareholders.one steel co. Non promoter share capital reduce to 1/3.hence better dont play with fire. Till date 2 list of NCLT is out. Third list will be out with in few days which will likely to have power and infra companies.
avatar
1972. Neelesh Chouhan  Aug 28, 2018 12:50 I Like It. | Report Abuse Reply
why down HDFC AMC
avatar
1971. KVR Krishna  Aug 28, 2018 10:14 I Like It. | Report Abuse Reply
Hi,
My apologies for off-topic question.
i'm holding Lanco Infratech shares (3000) since three months. I had tried to sell but no buyers are available. Because of the recent court orders i am getting scared, do they offer any 'takeover' or 'buyback' for the sake of shareholders. Could you suggest me what will happen in future, and how many days it will take?
avatar
1970. Eagleye  Aug 27, 2018 16:37 I Like It. 2 | Report Abuse Reply
IPO Guru IPO Guru (4600+ Posts, 14500+ Likes)
THE MOST RELIABLE
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avatar
1969. Abhishek Shahi  Aug 27, 2018 13:30 I Like It. | Report Abuse Reply
any advise on this stock??
avatar
1969.1. Rocket  Aug 27, 2018 15:25 I Like It. | Report Abuse
Hold for long term and it will be a multibagger.
avatar
1968. JSP  Aug 25, 2018 12:37 I Like It. | Report Abuse Reply
From Monday it will be flat, may come down from Wednesday.
But their is no chance to go below 1600 level.

HOLDING 6 application from the time of IPO.
Sold 2 application on listing day @1810 & 1817.
A portfolio stock for long term & chances of dividend announcement in next Quaterly Result.
avatar
1968.1. Rocket  Aug 27, 2018 15:24 I Like It. 1 | Report Abuse
Dividend Declared already - 16rs / Share. Record date not declared. Source- Money Control
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1967. Doctor strange  Aug 25, 2018 22:12 I Like It. | Report Abuse Reply
It will continue upword journey ...will wait for next base formation after consolidation to add more.
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1966. Abhishek Shahi  Aug 24, 2018 19:41 I Like It. | Report Abuse Reply
Fantastic gain today .. crossed 1900 great
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1965. Jayesh Dharajiya  Aug 23, 2018 16:09 I Like It. 2 | Report Abuse Reply
2 lot holding ipo time hdfc amc
Great rocket launch today
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1965.1. Venkat Ramana Reddy Sandi  Aug 23, 2018 16:33 I Like It. 3 | Report Abuse
I think it will reach some more heights tomorrow.
avatar
1964. Abhishek Shahi  Aug 23, 2018 15:17 I Like It. | Report Abuse Reply
Today reached on Listing Price ... great HDFC
avatar
1963. rvr  Aug 21, 2018 19:01 I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
HDFC AMC Q1 PAT Rs 205 Cr Vs Rs 165 Cr, up 24.2% YoY
avatar
1962. VIE  Aug 21, 2018 18:52 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
avatar
1961. RAJAKUMAR  Aug 21, 2018 14:26 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Dear Andy,
Insurance companies not performing well on the stock market except hdfc life. So subscription will not be as great as hdfc amc. You can get lot of shares in retail quota itself. Moreover shareholder quota record date may be fix on RHP filing DATE.
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