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 Date	Jul 25, 2018
IPO Closing Date	Jul 27, 2018
Issue Type	Book Built Issue IPO
Face Value	₹5 per equity share
IPO Price	₹1095 to ₹1100 per equity share
Market Lot	13 Shares
Min Order Quantity	13 Shares
Listing At	BSE, NSE
Issue Size	25,457,555 Eq Shares of ₹5 (aggregating up to ₹2,800.33 Cr)
Offer for Sale	25,457,555 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 Date	Jul 25, 2018
IPO Close Date	Jul 27, 2018
Basis of Allotment Date	Aug 1, 2018
Initiation of Refunds	Aug 2, 2018
Credit of Shares to Demat Account	Aug 3, 2018
IPO Listing Date	Aug 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).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	13	₹14,300
Maximum	13	169	₹185,900

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)

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)

Category	IPO 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 DRHP
› HDFC AMC IPO RHP

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
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 Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

HDFC AMC IPO Lead Manager(s)

Lead Manager Reports

HDFC AMC IPO FAQs

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.
When HDFC AMC IPO will open?

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

1980. harit |Sep 21, 2018 19:17

IPO Guru (1700+ Posts, 2900+ 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

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 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

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

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

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

IPO Guru (5800+ Posts, 19500+ Likes)

THE MOST RELIABLE
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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

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 lot holding ipo time hdfc amc
Great rocket launch today

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

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

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

1963. VIE |Aug 21, 2018 18:52

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 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 14:00

What is expected result of HDFC AMC?

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