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

July 25, 2018 - July 27, 2018

HDFC AMC IPO is a book built issue of Rs 2,800.33 crores. The issue is entirely an offer for sale of 2.55 crore shares.

HDFC AMC IPO bidding started from July 25, 2018 and ended on July 27, 2018. The allotment for HDFC AMC IPO was finalized on Wednesday, August 1, 2018. The shares got listed on BSE, NSE on August 6, 2018.

HDFC AMC IPO price band is set at ₹1095 to ₹1100 per share. The minimum lot size for an application is 13 Shares. The minimum amount of investment required by retail investors is ₹14,300.

Axis Capital Limited, Bofa Securities India Limited, Citigroup Global Markets India Private Limited, Clsa India Private Limited, Hdfc Bank Limited, ICICI Securities Limited, Iifl Securities Ltd, J.P. Morgan India Private Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the HDFC AMC IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to HDFC AMC IPO RHP for detailed information.


IPO Date July 25, 2018 to July 27, 2018
Listing Date August 6, 2018
Face Value ₹5 per share
Price Band ₹1095 to ₹1100 per share
Lot Size 13 Shares
Total Issue Size25,457,555 shares
(aggregating up to ₹2,800.33 Cr)
Offer for Sale25,457,555 shares of ₹5
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

HDFC AMC IPO Reservation

HDFC AMC IPO offers 18,804,290 shares. 4,435,511 (23.59%) to QIB, 3,326,634 (17.69%) to NII, 7,762,145 (41.28%) to RII, 880,000 (4.68%) to employees. 597,088 RIIs will receive minimum 13 shares and (sNII) and (bNII) will receive minimum 182 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered4,435,511 (23.59%)NA
NII (HNI) Shares Offered3,326,634 (17.69%)
Retail Shares Offered7,762,145 (41.28%)597,088
Employee Shares Offered880,000 (4.68%)NA
Other Shares Offered2,400,000 (12.76%)NA
Total Shares Offered18,804,290 (100%)

HDFC AMC IPO Timeline (Tentative Schedule)

HDFC AMC IPO opens on July 25, 2018, and closes on July 27, 2018.

IPO Open Date Wednesday, July 25, 2018
IPO Close Date Friday, July 27, 2018
Basis of Allotment Wednesday, August 1, 2018
Initiation of Refunds Thursday, August 2, 2018
Credit of Shares to Demat Friday, August 3, 2018
Listing Date Monday, August 6, 2018
Cut-off time for UPI mandate confirmation 5 PM on July 27, 2018


Investors can bid for a minimum of 13 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 13 ₹14,300
Retail (Max) 13 169 ₹185,900
Lot Size Calculator

About HDFC Asset Management Company Limited

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 Rs 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 Rs 75.78 billion as part of its portfolio management and segregated account services' business.


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 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 (HDFC AMC IPO Objectives)

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 Review (Apply)

[Dilip Davda]  MF Industry in India is at 11% of GDP as per last fiscal reports against world average of around 32%. Advance countries have 60% to 100% of their GDPs in MF investment. Post demonatization, this industry got preference as the investment option among larger masses. MF Industry in India is set to grow in double digits for coming 5-8 years and HDFC AMC being most preferred private sector MF is set for bright prospects. Thus although prima facie it is fully priced, group's fancy among investors across the board and outperforming track record of HDFC AMC, makes this issue a worthy bet for medium to long term. Read detail review...

HDFC AMC IPO Subscription Status (Bidding Detail)

The HDFC AMC IPO is subscribed 82.99 times on July 27, 2018 6:44:04 PM. The public issue subscribed 6.57 times in the retail category, 192.26 times in the QIB category, and 195.15 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)


Click here to read FAQ's about HDFC AMC IPO

Issue Size and Allocation
CategoryShares Offered
Eligible HDFC AMC Employees320,000
Eligible HDFC Employees560,000
Eligible HDFC Shareholders FAQs2,400,000

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


Rating:Rated 4.1 stars
Vote Here ...

HDFC AMC IPO Listing Details

Listing Date August 6, 2018
BSE Script Code 541729
ISIN INE127D01025
Final Issue Price ₹1100 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

HDFC Asset Management Company Limited Contact Details

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

HDFC AMC IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000


HDFC AMC IPO is a main-board IPO of 25,457,555 equity shares of the face value of ₹5 aggregating up to ₹2,800.33 Crores. The issue is priced at ₹1095 to ₹1100 per share. The minimum order quantity is 13 Shares.

The IPO opens on July 25, 2018, and closes on July 27, 2018.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The HDFC AMC IPO opens on July 25, 2018 and closes on July 27, 2018.

HDFC AMC IPO lot size is 13 Shares, and the minimum amount required is ₹14,300.

You can apply in HDFC AMC IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for HDFC AMC IPO will be done on Wednesday, August 1, 2018, and the allotted shares will be credited to your demat account by Friday, August 3, 2018. Check the HDFC AMC IPO allotment status.

The HDFC AMC IPO listing date is on August 6, 2018.
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HDFC AMC IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



1977. harit |   Link |  Bookmark |September 21, 2018 7:17:21 PM
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
1977.1. Administrator |   Link |  Bookmark |September 22, 2018 9:18:51 AM
IPO Guru IPO Guru (1000+ Posts, 1500+ Likes)
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.

Thank you,
Admin @

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1976. AmanSingh |   Link |  Bookmark |September 19, 2018 5:23:10 PM
Closed at 1408/-
1975. kumar s |   Link |  Bookmark |September 18, 2018 3:00:06 PM

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.

1974. Abhishek Shahi |   Link |  Bookmark |September 11, 2018 10:19:33 AM
pls suggest ... to hold or sale
1973. V. G. Balachandar |   Link |  Bookmark |September 3, 2018 2:40:57 AM
Looking for buying shares, Ipo details please
1972. Kaybee |   Link |  Bookmark |August 31, 2018 5:55:37 PM
From here onwards there will only be a slow rise in value.
1971. KVR Krishna |   Link |  Bookmark |August 28, 2018 10:30:48 AM
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?
1971.1. AnkurGoel |   Link |  Bookmark |August 28, 2018 8:34:27 PM
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.
1971.2. VIE |   Link |  Bookmark |August 29, 2018 12:43:50 AM (500+ 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 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.
1970. Neelesh Chouhan |   Link |  Bookmark |August 28, 2018 12:50:41 PM
why down HDFC AMC
1969. KVR Krishna |   Link |  Bookmark |August 28, 2018 10:14:49 AM
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?
1968. Eagleye |   Link |  Bookmark |August 27, 2018 4:37:19 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
List of Main board IPOs IN THE PIPELINE
(Status as on 24th August 2018)

A) DRHP Filed - SEBI Approval *Awaited*:

1) Senco Gold >>> DRHP date 21-Aug-18
2) AGS Transact Technologies >>> DRHP date 21-Aug-18
3) Harsha Engineers >>> DRHP date 21-Aug-18
4) Mrs Bectors Food Specialities >>> DRHP date 13-Aug-18
5) Nihilent >>> DRHP date 10-Aug-18
6) Sansera Engineering >>> DRHP date 10-Aug-18
7) Dodla Dairy >>> DRHP date 09-Aug-18
8) ASK Investment Managers >>> DRHP date 07-Aug-18
9) Shyam Metallics and Energy >>> DRHP date 06-Aug-18
10) Muthoot Microfin >>> DRHP date 27-Jul-18
11) PNB Metlife India Insurance Co. >>> DRHP date 27-Jul-18
12) Aakash Educational Services >>> DRHP date 19-Jul-18
13) Affle India >>> DRHP date 16-Jul-18
14) Ami Organics >>> DRHP date 11-Jul-18
15) Milltec Machinery >>> DRHP date 02-Jul-18
16) Chalet Hotels >>> DRHP date 02-Jul-18
17) Indiamart Intermesh >>> DRHP date 29-Jun-18
18) Bharat Hotels >>> DRHP date 29-Jun-18
19) Puranik Builders >>> DRHP date 27-Jun-18
20) Penver Products >>> DRHP date 26-Jun-18
21) Spandana Spoorthy Financial >>> DRHP date 26-Jun-18
22) Aavas Financiers >>> DRHP date 21-Jun-18
23) Anmol Industries >>> DRHP date 20-Jun-18
24) Vectus Industries >>> DRHP date 18-Jun-18
25) Avana Logistek >>> DRHP date 15-Jun-18
26) Hinduja Leyland Finance >>> DRHP date 14-Jun-18
27) Century Metal Recycling >>> DRHP date 11-Jun-18
28) Vishwaraj Sugar Industries >>> DRHP date 20-Dec-17
29) Srei Equipment Finance >>> DRHP date 28-Nov-17

B) SEBI Approval *Received* *(within the past 4 months)*:

1)Craftsman Automation >>> SEBI Approval 24-Aug-18
2) Route Mobile >>> SEBI Approval 16-Aug-18
3) Mazagon Dock Shipbuilders >>> SEBI Approval 10-Aug-18
4) SembCorp Energy India >>> SEBI Approval 01-Aug-18
5) Montecarlo >>> SEBI Approval 31-Jul-18
6) Crystal Crop Protection >>> SEBI Approval 27-Jul-18
7) ReNew Power >>> SEBI Approval 18-Jul-18
8) PN Gadgil & Sons >>> SEBI Approval 13-Jul-18
9) IRCON International >>> SEBI Approval 12-Jul-18
10) G R Infraprojects >>> SEBI Approval 11-Jul-18
11) K P R Agrochem >>> SEBI Approval 10-Jul-18
12) Lodha Developers >>> SEBI Approval 06-Jul-18
13) Dinesh Engineers >>> SEBI Approval 06-Jul-18
14) Shakun Polymers >>> SEBI Approval 05-Jul-18
15) Flemingo Travel Retail >>> SEBI Approval 29-Jun-18
16) Nekkanti Sea Foods >>> SEBI Approval 22-Jun-18
17) Atria Convergence Technologies >>> SEBI Approval 15-Jun-18
18) Sandhya Marines >>> SEBI Approval 12-Jun-18
19) Genius Consultants >>> SEBI Approval 04-Jun-18
20) Garden Reach Shipbuilders & Engineers >>> SEBI Approval 22-May-18
21) Rail Vikas Nigam >>> SEBI Approval 17-May-18
22) Devi Seafoods >>> SEBI Approval 11-May-18

C) SEBI Approval *Received* *(>4 months ago)*:

23) John Energy >>> SEBI Approval 27-Apr-18
24) Nazara Technologies >>> SEBI Approval 20-Apr-18
25) Capricorn Food Products India >>> SEBI Approval 12-Apr-18
26) Krishna Institute of Medical Sciences >>> SEBI Approval 07-Mar-18
27) Patel Infrastructure >>> SEBI Approval 05-Mar-18
28) Indian Renewable Energy Development Agency >>> SEBI Approval 16-Feb-18
29) Barbeque-Nation Hospitality >>> SEBI Approval 05-Jan-18
30) Acme Solar Holdings >>> SEBI Approval 15-Dec-17
31) CMS Info Systems >>> SEBI Approval 30-Nov-17
32) Reliance General Ins. Co. >>> SEBI Approval 29-Nov-17
33) Seven Islands Shipping >>> SEBI Approval 10-Nov-17
34) Prince Pipes and Fittings >>> SEBI Approval 03-Nov-17
35) Gandhar Oil Refinery (India) >>> SEBI Approval 26-Oct-17
1967. Abhishek Shahi |   Link |  Bookmark |August 27, 2018 1:30:17 PM
any advise on this stock??
1967.1. Rocket |   Link |  Bookmark |August 27, 2018 3:25:41 PM
Hold for long term and it will be a multibagger.
1966. JSP |   Link |  Bookmark |August 25, 2018 12:37:52 PM
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.
1966.1. Rocket |   Link |  Bookmark |August 27, 2018 3:24:58 PM
Dividend Declared already - 16rs / Share. Record date not declared. Source- Money Control
1965. Doctor strange |   Link |  Bookmark |August 25, 2018 10:12:23 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
It will continue upword journey ...will wait for next base formation after consolidation to add more.
1964. Abhishek Shahi |   Link |  Bookmark |August 24, 2018 7:41:29 PM
Fantastic gain today .. crossed 1900 great
1963. Jayesh Dharajiya |   Link |  Bookmark |August 23, 2018 4:09:13 PM
2 lot holding ipo time hdfc amc
Great rocket launch today
1963.1. Venkat Ramana Reddy Sandi |   Link |  Bookmark |August 23, 2018 4:33:11 PM
I think it will reach some more heights tomorrow.
1962. Abhishek Shahi |   Link |  Bookmark |August 23, 2018 3:17:12 PM
Today reached on Listing Price ... great HDFC
1961. rvr |   Link |  Bookmark |August 21, 2018 7:01:01 PM
HDFC AMC Q1 PAT Rs 205 Cr Vs Rs 165 Cr, up 24.2% YoY
1960. VIE |   Link |  Bookmark |August 21, 2018 6:52:07 PM (500+ Posts, 500+ Likes)
first qtr result of hdfc amc
1959. RAJAKUMAR |   Link |  Bookmark |August 21, 2018 2:26:12 PM (1400+ Posts, 1200+ 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.
1958. SidMemon |   Link |  Bookmark |August 21, 2018 2:00:03 PM
What is expected result of HDFC AMC?