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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 Size | 25,457,555 shares (aggregating up to ₹2,800.33 Cr) |
Offer for Sale | 25,457,555 shares of ₹5 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
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 Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 4,435,511 (23.59%) | NA |
NII (HNI) Shares Offered | 3,326,634 (17.69%) | |
Retail Shares Offered | 7,762,145 (41.28%) | 597,088 |
Employee Shares Offered | 880,000 (4.68%) | NA | Other Shares Offered | 2,400,000 (12.76%) | NA |
Total Shares Offered | 18,804,290 (100%) |
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 |
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-
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.
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 |
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.
[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...
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)
Category | Subscription (times) |
---|---|
QIB | 192.26 |
NII | 195.15 |
Retail | 6.57 |
Employee | 1.51 |
Others | 2.65 |
Total | 82.99 |
Click here to read FAQ's about HDFC AMC IPO
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 |
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% |
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 |
Listing Date | August 6, 2018 |
BSE Script Code | 541729 |
NSE Symbol | HDFCAMC |
ISIN | INE127D01025 |
Final Issue Price | ₹1100 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹1,100.00 |
₹1,739.00 |
₹1,730.00 |
₹1,842.95 |
₹1,815.15 |
NSE |
---|
₹1,100.00 |
₹1,726.25 |
₹1,726.25 |
₹1,844.00 |
₹1,815.95 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
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.
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