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.


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.


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 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 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


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


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 Subscription Status (Bidding Detail)

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

CategorySubscription (times)












HDFC AMC IPO Prospectus


Rating:Rated 4.1 stars
Vote Here ...

HDFC AMC IPO Listing Date

Listing Date Monday, August 6, 2018
BSE Script Code 541729
Listing In
ISIN INE127D01025
IPO Price ₹1100 per equity share
Face Value ₹5 per equity share

Listing Day Trading Information

IPO Price
Last Trade

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

HDFC AMC IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000

HDFC AMC IPO Reviews / Ratings

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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.

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

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

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.

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.

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

HDFC AMC IPO Message Board

Ranked Members  Ranked Members

1980. harit |Sep 21, 2018 19:17
IPO Guru IPO Guru (1700+ Posts, 3000+ 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 Top Contributor (300+ Posts, 500+ 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, Admins

1979. AmanSingh |Sep 19, 2018 17:23
Closed at 1408/-
1978. kumar s |Sep 18, 2018 15:00

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.

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
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 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 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
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 16:37
IPO Guru IPO Guru (6000+ Posts, 20200+ 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
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 IPO Mentor (500+ Posts, 500+ Likes)
first qtr result of hdfc amc
1962. RAJAKUMAR |Aug 21, 2018 14:26
IPO Guru IPO Guru (1400+ Posts, 1100+ 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?