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 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.

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

IPO Opening DateJul 25, 2018
IPO Closing DateJul 27, 2018
Issue TypeBook Built Issue IPO
Face Value₹5 per equity share
IPO Price₹1095 to ₹1100 per equity share
Market Lot13 Shares
Min Order Quantity13 Shares
Listing AtBSE, NSE
Issue Size25,457,555 Eq Shares of ₹5
(aggregating up to ₹2,800.33 Cr)
Offer for Sale25,457,555 Eq Shares of ₹5
(aggregating up to ₹[.] Cr)

HDFC AMC IPO Tentative Timetable

The HDFC AMC IPO open date is Jul 25, 2018, and the close date is Jul 27, 2018. The issue may list on Aug 6, 2018.

IPO Open DateJul 25, 2018
IPO Close DateJul 27, 2018
Basis of Allotment DateAug 1, 2018
Initiation of RefundsAug 2, 2018
Credit of Shares to Demat AccountAug 3, 2018
IPO Listing DateAug 6, 2018

HDFC AMC IPO Lot Size

The HDFC AMC IPO market lot size is 13 shares. A retail-individual investor can apply for up to 13 lots (169 shares or ₹185,900).

ApplicationLotsSharesAmount (Cut-off)
Minimum113₹14,300
Maximum13169₹185,900

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 Subscription Status (Bidding Detail)

The HDFC AMC IPO is subscribed 82.99x times on Jul 27, 2018 18:44. The public issue subscribed 6.57x in the retail category, 192.26x in the QIB category, and 195.15x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

192.26x

NII

195.15x

RII

6.57x

Employee

1.51x

Others

2.65x

Total

82.99x

HDFC AMC IPO Prospectus

HDFC AMC IPO Rating

1690
4.1
Rating:Rated 4.1 stars

Vote Here ...

HDFC AMC IPO Listing Date

Listing DateMonday, August 6, 2018
BSE Script Code541729
NSE SymbolHDFCAMC
Listing In
ISININE127D01025
IPO Price₹1100 per equity share
Face Value₹5 per equity share

Listing Day Trading Information

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

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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
Email: shareholders.relations@hdfcfund.com
Website: http://www.hdfcfund.com/

HDFC AMC IPO FAQs

  1. What is HDFC AMC IPO?

    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 equity share. The minimum order quantity is 13 Shares.

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

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

  2. When HDFC AMC IPO will open?

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

  3. What is the lot size of HDFC AMC IPO?

    HDFC AMC IPO lot size is 13 Shares and the minimum order quantity is 13 Shares.

  4. How to apply for HDFC AMC IPO?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When HDFC AMC IPO allotment?

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

  6. When is HDFC AMC IPO listing date?

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

HDFC AMC IPO Message Board

Ranked Members  Ranked Members

Loading...
1980. harit |Sep 21, 2018 20:17
IPO Guru IPO Guru (1600+ Posts, 2700+ 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
1980.1. Administrator |Sep 22, 2018 10:18
Top Contributor Top Contributor (300+ Posts, 400+ 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.
Team Chittorgarh.com

Thank you,

Chittorgarh.com Admins

1979. AmanSingh |Sep 19, 2018 18:23
Closed at 1408/-
1978. kumar s |Sep 18, 2018 16:00
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
1977. Abhishek Shahi |Sep 11, 2018 11:19
pls suggest ... to hold or sale
1976. V. G. Balachandar |Sep 3, 2018 03:40
Looking for buying shares, Ipo details please
1975. Kaybee |Aug 31, 2018 18:55
From here onwards there will only be a slow rise in value.
1974. KVR Krishna |Aug 28, 2018 11:30
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?
1974.1. AnkurGoel |Aug 28, 2018 21:34
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.
1974.2. VIE |Aug 29, 2018 01:43
IPO Mentor IPO Mentor (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 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.
1973. Neelesh Chouhan |Aug 28, 2018 13:50
why down HDFC AMC
1972. KVR Krishna |Aug 28, 2018 11:14
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?
1971. Eagleye |Aug 27, 2018 17:37
IPO Guru IPO Guru (5700+ Posts, 19000+ Likes)
THE MOST RELIABLE
List of Main board IPOs IN THE PIPELINE
(Status as on 24th August 2018)


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1970. Abhishek Shahi |Aug 27, 2018 14:30
any advise on this stock??
1970.1. Rocket |Aug 27, 2018 16:25
Hold for long term and it will be a multibagger.
1969. JSP |Aug 25, 2018 13:37
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.
1969.1. Rocket |Aug 27, 2018 16:24
Dividend Declared already - 16rs / Share. Record date not declared. Source- Money Control
1968. Doctor strange |Aug 25, 2018 23:12
It will continue upword journey ...will wait for next base formation after consolidation to add more.
1967. Abhishek Shahi |Aug 24, 2018 20:41
Fantastic gain today .. crossed 1900 great
1966. Jayesh Dharajiya |Aug 23, 2018 17:09
2 lot holding ipo time hdfc amc
Great rocket launch today
1966.1. Venkat Ramana Reddy Sandi |Aug 23, 2018 17:33
I think it will reach some more heights tomorrow.
1965. Abhishek Shahi |Aug 23, 2018 16:17
Today reached on Listing Price ... great HDFC
1964. rvr |Aug 21, 2018 20:01
HDFC AMC Q1 PAT Rs 205 Cr Vs Rs 165 Cr, up 24.2% YoY
1963. VIE |Aug 21, 2018 19:52
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
first qtr result of hdfc amc
https://www.bseindia.com/xml-data/corpfiling/AttachLive/c126066a-0dd3-4832-ba46-464cdb4c914e.pdf
1962. RAJAKUMAR |Aug 21, 2018 15:26
IPO Guru IPO Guru (1400+ Posts, 1000+ 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.
1961. SidMemon |Aug 21, 2018 15:00
What is expected result of HDFC AMC?







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