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 Open	Jul 25, 2018 - Jul 27, 2018
Issue Type	Book Built Issue IPO
Issue Size	25,457,555 Eq Shares of Rs 5 (aggregating up to Rs 2,800.33 Cr)
Offer for Sale	25,457,555 Eq Shares of Rs 5 (aggregating up to Rs [.] Cr)
Face Value	Rs 5 Per Equity Share
Issue Price	Rs 1095 - Rs 1100 Per Equity Share
Market Lot	13 Shares
Min Order Quantity	13 Shares
Listing At	BSE, NSE

HDFC AMC IPO Tentative Date / Timetable

Bid/Offer Opens On	Jul 25, 2018
Bid/Offer Closes On	Jul 27, 2018
Finalisation of Basis of Allotment	Aug 1, 2018
Initiation of Refunds	Aug 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
Category	Shares Offered
QIB	44,35,511
NII	33,26,634
Retail	77,62,145
Eligible HDFC AMC Employees	320,000
Eligible HDFC Employees	560,000
Eligible HDFC Shareholders FAQs	2,400,000
Total	1,88,04,290

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)

HDFC AMC IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Employee	Others	Total
Shares Offered	4,435,511	3,326,634	7,762,145	880,000	2,400,000	18,804,290
Jul 27, 2018 18:44	192.26x	195.15x	6.57x	1.51x	2.65x	82.99x

HDFC AMC IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

HDFC AMC IPO Rating

1690

4.1

Rating:

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

HDFC AMC IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

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

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Useful Articles

HDFC AMC IPO Review / Comments

1980. harit Sep 21, 2018 19:17

1 |

IPO Mentor (900+ Posts, 1400+ 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 09:18

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

Common Sense Public Forum Rules

Do not post irrelevant messages or advertisements.
Treat other members with the respect. Avoid insult or personal attacks.
Do not post your personal information i.e phone number or email address.

1979. AmanSingh Sep 19, 2018 17:23

Closed at 1408/-

1978. kumar s Sep 18, 2018 15:00

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 10:19

pls suggest ... to hold or sale

1976. V. G. Balachandar Sep 3, 2018 02:40

Looking for buying shares, Ipo details please

1975. Kaybee Aug 31, 2018 17:55

1 |

From here onwards there will only be a slow rise in value.

1974. KVR Krishna Aug 28, 2018 10:30

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 20:34

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.

1974.2. VIE Aug 29, 2018 00:43

2 |

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 12:50

why down HDFC AMC

1972. KVR Krishna Aug 28, 2018 10:14

1971. Eagleye Aug 27, 2018 16:37

1 |

IPO Guru (4600+ Posts, 14600+ Likes)

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1970. Abhishek Shahi Aug 27, 2018 13:30

any advise on this stock??

1970.1. Rocket Aug 27, 2018 15:25

Hold for long term and it will be a multibagger.

1969. JSP Aug 25, 2018 12:37

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 15:24

1 |

Dividend Declared already - 16rs / Share. Record date not declared. Source- Money Control

1968. Doctor strange Aug 25, 2018 22:12

It will continue upword journey ...will wait for next base formation after consolidation to add more.

1967. Abhishek Shahi Aug 24, 2018 19:41

Fantastic gain today .. crossed 1900 great

1966. Jayesh Dharajiya Aug 23, 2018 16:09

2 |

2 lot holding ipo time hdfc amc
Great rocket launch today

1966.1. Venkat Ramana Reddy Sandi Aug 23, 2018 16:33

3 |

I think it will reach some more heights tomorrow.

1965. Abhishek Shahi Aug 23, 2018 15:17

Today reached on Listing Price ... great HDFC

1964. rvr Aug 21, 2018 19:01

2 |

IPO Mentor (600+ Posts, 500+ Likes)

HDFC AMC Q1 PAT Rs 205 Cr Vs Rs 165 Cr, up 24.2% YoY

1963. VIE Aug 21, 2018 18:52

2 |

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 14:26

IPO Mentor (900+ Posts, 500+ 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 14:00

What is expected result of HDFC AMC?

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