THIS
IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS
ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR
SUBSCRIBE TO SECURITIES. NOT FOR PUBLICATION AND DISTRIBUTION, DIRECTLY OR INDIRECTLY
OUTSIDE INDIA. THIS IS NOT AN ADVERTISEMENT UNDER THE SECURITIES AND EXCHANGE BOARD OF
INDIA (MUTUAL FUNDS) REGULATIONS, 1996 ("SEBI MUTUAL FUND REGULATIONS') AND IS NOT
INTENDED TO INFLUENCE INVESTMENT DECISIONS OF ANY CURRENT OR PROSPECTIVE INVESTORS OF
SCHEMES OF HDFC MUTUAL FUND
HDFC ASSET MANAGEMENT COMPANY LIMITED
Our Company was incorporated at Mumbai on December 10,1999 as 'HDFC Asset Management
Company Limited', a public limited company under the Companies Act, 1956 pursuant to a
certificate of incorporation granted by the Registrar of Companies, Maharashtra ('RoC').
Our Company obtained a certificate for commencement of business on March 9,2000 from the
RoC.
Registered and Corporate Office: HDFC House, 2nd Floor,
H.T. Parekh Marg.. 165-166, Backbay Reclamation, Churchgate. Mumbai 400 020, Maharashtra,
India. For datails of changes to the address of the registered office of our Company,
please see "History and Certain Corporate Matters" on page 210 of the Prospectus
dated July 28,2018 ("Prospectus").
Telephone: +91 (22) 6631 6333; Facsimile; +91 (22) 6658
0203 Contact Person; Sylvia Furtado, Company Secretary and Compliance
Officer; Email: shareholders.relations@hdfcfund.com;
Website: www.hdfcfund.com; Corporate
Identity Number : U65991MH1999PLC123027.
PROMOTERS OF OUR COMPANY: HOUSING DEVELOPMENT FINANCE CORPORATION
LIMITED AND STANDARD LIFE INVESTMENTS LIMITED
Our Company has filed the Prospectus dated July 28, 2018. with the RoC and the Equity
Share are proposed to be listed on National Stock Exchange of India Limited
("NSE") and BSE Limited ("BSE") and the trading will commence on
August 06, 2018.
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFERING OF 25,457,555 EQUITY SHARES OF FACE VALUE OF RS 5 EACH
("EQUITY SHARES") OF HDFC ASSET MANAGEMENT COMPANY LIMITED ("COMPANY"
OR "ISSUER") FOR CASH AT A PRICE OF RS 1,100 PER EQUITY SHARE, AGGREGATING RS
28,003,31 MILLION THROUGH AN OFFER FOR SALE OF 8,592,970 EQUITY SHARES BY HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED AND 16,864,585 EQUITY SHARES BY STANDARD LIFE
INVESTMENTS LIMITED (TOGETHER, "PROMOTER SELLING SHAREHOLDERS" AND SUCH
OFFERING, THE "OFFER"). THE OFFER COMPRISES A NET OFFER TO THE PUBLIC OF
22,177,555 EQUITY SHARES ("NET OFFER"), A RESERVATION OF 320,000 EQUITY SHARES
(CONSTITUTING 0.15% OF OUR POST-OFFER PAID UP EQUITY SHARE CAPITAL) FOR PURCHASE BY THE
ELIGIBLE HDFC AMC EMPLOYEES (AS DEFINED IN "DEFINITIONS AND ABBREVIATIONS") FOR
CASH AT A PRICE OF RS 1,100 PER EQUITY SHARE AGGREGATING RS 352.00 MILLION ("HDFC AMC
EMPLOYEE RESERVATION PORTION"), A RESERVATION OF 560,000 EQUITY SHARES (CONSTITUTING
0.26% OF OUR POST-OFFER PAID UP EQUITY SHARE CAPITAL) FOR PURCHASE BY THE ELIGIBLE HDFC
EMPLOYEES (AS DEFINED IN "DEFINITIONS AND ABBREVIATIONS") FOR CASH AT A PRICE OF
RS 1,100 PER EQUITY SHARE AGGREGATING RS 616.00 MILLION ("HDFC EMPLOYEE RESERVATION
PORTION") AND A RESERVATION OF 2,400,000 EQUITY SHARES (CONSTITUTING 1.13% OF OUR
POST-OFFER PAID UP EQUITY SHARE CAPITAL) FOR PURCHASE BY ELIGIBLE HDFC SHARE HOLDERS (AS
DEFINED IN "DEFINITIONS AND ABBREVIATIONS") FOR CASH AT A PRICE OF RS 1,100 PER
EQUITY SHARE AGGREGATING RS 2,640.00 MILLION ("HDFC SHAREHOLDERS RESERVATION
PORTION"). THE OFFER AND THE NET OFFER SHALL CONSTITUTE 12.01% AND 10.46% OF THE
POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY, RESPECTIVELY THE ANCHOR INVESTOR
OFFER PRICE IS RS1,100 PER EQUITY SHARE.
OFFER PRICE: RS 1,100 PER EQUITY SHARE OF FACE VALUE OF RS
5 EACH
ANCHOR INVESTOR OFFER PRICE: RS 1,100 PER EQUITY SHARE
THE OFFER PRICE IS 220 TIMES THE FACE VALUE
Risks to Investors:
1. The 12 Merchant Bankers associated with the Issue have handled 61 public
issues in the past three years, out of which 18 issues closed below the issue price on
listing date.
2. The Price/ Earnings ratio based on diluted Earnings Per Share (EPS) for Financial
Year 2018 for the issuer at the upper end of the Price Band is as high as 31.46 as
compared to the average industry peer group ratio of 26.01.
3. The average cost of acquisition of Equity Shares for the Selling Shareholders in the
IPO is (i) Rs 19.53 per Equity Share for Housing Development Finance Corporation Limited,
and (ii) Rs 15.01 per Equity Share for Standard Life Investments Limited, and the Offer
Price at upper end of the Price band is significantly higher at Rs 1,100 per Equity Share.
BID/ OFFER PERIOD: OPENED ON: WEDNESDAY, JULY 25, 2018;
CLOSED ON : FRIDAY, JULY 27, 2018
ANCHOR INVESTOR BIDDING DATE WAS: TUESDAY, JULY 24, 2018
In terms of Rule 19(2)(b) of the Securities Contracts Regulations Rules, 1957, as
amended (the "SCRR") read with Regulation 41 of the ICDR
Regulations, this is an Offer for at least 10 % of the post-Offer paid-up Equity Share
capital of our Company, such that the post-Offer paid up Equity Share capital of our
Company calculated at the Offer Price, shall be more than Rs 40 billion. The Offer was
made through the Book Building Process and in accordance with Regulation 26(1) of�
the ICDR Regulations, wherein not more than 50% of� the Net Offer was allocated on a
proportionate basis to Qualified Institutional Buyers ("QlBs"),
provided that our Company and the Promoter Selling Shareholders, in consultation with the
BRLMs, allocated 60% of� the QIB Portion to Anchor Investor on a discretionary basis,
of which one-third was reserved for domestic Mutual Funds, subject to valid Bids being
received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5%
of � the QIB Portion (excluding the Anchor Investor Portion) was available for
allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB
Portion was available for allocation on a proportionate basis to all QIB Bidders (other
than Anchor Invasions), including Mutual Funds. subject to valid Bids being received at or
above the Offer� Price. Further, not less than 15% of the Net Offer was available for
allocation on a proportionate basis to Non-Institutional Investors and not lass than 35%
of the Net Offer was available for allocation on a proportionate basis to Retail
Individual Investors, in accordance with the ICDR Regulations. subject to valid Bids being
received at or above the Offer Price. All Bidders, other than Anchor Investors, are
required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA")
procccss providing details of their respective�bank accounte which will be blocked by
the Self Certified Syndicate Banks ("SCSBs"). to participate in
this Offer. Anchor Investors are not permitted to participate in the Offer through the
ASBA process. For details, please see 'Offer Procedure' on page 424 of the Prospectus.
The Offer received 2,494,526 applications for 1,566,112,223 Equity Shares (prior to
technical rejections) resulting in 61.52 times subscription. The details of the
applications received in the Offer from various categories are as under (before technical
rejections):
|
Category |
No. of
Applications |
No. of� Equity
Shares applied |
Amount
Rs |
No. of
times
Subscribed |
Shares
Reserved as
per Prospectus |
A |
Retail Individual Bidders |
2,383.473 |
49.575.461 |
54,612,998,896.00 |
6.39 |
7,762,145 |
B |
Non Institutional Bidders |
7,641 |
648,327,303 |
713,139,923,201.00 |
194.89 |
3,326,634 |
C |
Qualified Institutional Bidders (excluding Anchor Investors) |
369 |
852,761,078 |
938,037,185,800.00 |
192.26 |
4,435,511 |
D |
Anchor Investors |
61 |
6,781,645 |
7,459,809,500.00 |
1.02 |
6,653,265 |
E |
HDFC AMC Eligible Employees Reservation |
1,766 |
361,361 |
397,515,586.00 |
1.13 |
320,000 |
F |
HDFC Ltd Eligible Employees Reservation |
2,411 |
906,295 |
997,310,600.00 |
1.62 |
560,000 |
G |
HDFC Ltd Shareholders. Reservation |
98,805 |
7,399,080 |
8,152,780,532.00 |
3.08 |
2,400,000 |
|
Total |
2,494,526 |
1,566,112,223 |
1,722,797,524,115.00 |
61.52 |
25,457,555 |
Final Demand
A summary of the final demand at different Bid prices is as under:
SI No |
Bid Price |
Bids Quantity |
(%) To Total |
Cumulative Total |
% Cumulative Total |
1 |
1.095 |
331.071 |
0.02 |
331,071 |
0.02 |
2 |
1,096 |
36,205 |
0.00 |
367,276 |
0.02 |
3 |
1,097 |
59,839 |
0.00 |
427,115 |
0.03 |
4 |
1,098 |
169,312 |
0.01 |
596,427 |
0.04 |
5 |
1,099 |
89,791 |
0.01 |
686,218 |
0.04 |
6 |
1,100 |
1,517,229,662 |
96.72 |
1,517,915,880 |
96.77 |
7 |
CUTOFF |
50,702,912 |
3.23 |
1,568,618,792 |
100.00 |
|
TOTAL |
1,568,618,792 |
100.00 |
|
|
The Basis of Allotment was finalized in consultation with the Designated Stock
Exchange, being the NSE on August 02,2018
A. Allotment to Retail Individual Bidder (after technical rejections)
The Basis of Allotment to the Retail Individual Bidders. who have bid at the Cut-Off Price
or at the Offer Price of� Rs1.100 per Equity Share, was finalized in consultation
with the NSE This category has been subscribed to the extent of 6.22392 times. The
total� number of Equity Shares Allotted in Retail Portion is 7,762,145 Equity Shares
to 597,088 successful Retail Individual Bidders. The category-wise details of the Basis of
Allotment are as under:
Category |
No. of
Applications
Received |
% of
Total |
Total No. of
Equity Shares
applied |
% to
Total |
No of� Equity
Shares allotted
per applicant |
Ratio |
Total No. of
Equity Shares
allotted |
13 |
2,026,767 |
86.98 |
26,347,971 |
54.54 |
13 |
994:3879 |
6,751,706 |
26 |
110,966 |
4.76 |
2.885,116 |
5.97 |
13 |
41:160 |
369,655 |
39 |
41,981 |
1.80 |
1,637,259 |
3.39 |
13 |
41:160 |
139,854 |
52 |
26,375 |
1.13 |
1,371,500 |
2.84 |
13 |
41:160 |
87,867 |
65 |
18,316 |
0.79 |
1,190,540 |
2.46 |
13 |
41:160 |
61,009 |
78 |
8,774 |
0.38 |
684,372 |
1.42 |
13 |
41:160 |
29,224 |
91 |
14,803 |
0.64 |
1,347,073 |
2.79 |
13 |
41:160 |
49,309 |
104 |
6,647 |
0.29 |
691,288 |
1.43 |
13 |
41:160 |
22,139 |
117 |
2,490 |
0.11 |
291,330 |
0.60 |
13 |
41:160 |
8,294 |
130 |
9,731 |
0.42 |
1,265,030 |
2.62 |
13 |
41:160 |
32,422 |
143 |
2,041 |
0.09 |
291,863 |
0.60 |
13 |
41:160 |
6.799 |
156 |
2,668 |
0.11 |
416,208 |
0.86 |
13 |
41:160 |
8,892 |
169 |
58,529 |
2.51 |
9,891,401 |
20.47 |
13 |
41:160 |
194,974 |
|
|
|
|
|
1 |
1:77726 |
1 |
Total |
2,330,088 |
100.00 |
48,310,951 |
100.00 |
|
|
7,762,145 |
1 additional Equity Share was allotted to 1 Allottee from amongst 77726 Successful
Applicants from the categories 26-169 (i.e excluding successful applicants from Category
13) in the ratio of 1:77726
B. Allotment to Non-Institutional Bidders (After Technical Rejections) The
Basis of Allotment to the Non-Institutional Bidders, who have bid at the Offer Price
of� Rs 1,100 per Equity Share was finalized in consultation with the NSE. The
Non-Institutional Portion has been subscribed to the extent of 194.38504 times. The total
number of Equity Shares Allotted in this category is 3.326,634 Equity Shares to 3,554
successful Non-Institutional Bidders. The category-wise details of the Basis of Allotmem
are as under: (Sample)
Category |
No. of
Applications
Received |
% of
Total |
Total No. of
Equity Shares
applied |
% to
Total |
No. of� Equity
Shares allotted
per applicant |
Ratio |
Total� No. of
Equity Shares
allotted |
182 |
1051 |
14.20 |
191,282 |
0.03 |
13 |
76:1051 |
988 |
195 |
398 |
5.38 |
77,610 |
0.01 |
13 |
31:398 |
403 |
1377636 |
1 |
0.01 |
1,377,636 |
0.21 |
7087 |
1:1 |
7,087 |
1378000 |
1 |
0.01 |
1,378,000 |
0.21 |
7089 |
1:1 |
7,089 |
1380015 |
2 |
0.03 |
2,760,030 |
0.43 |
7100 |
1:1 |
14,200 |
1402336 |
1 |
0.01 |
1,402,336 |
0.22 |
7214 |
1:1 |
7,214 |
1409083 |
1 |
0.01 |
1,409,083 |
0.22 |
7249 |
1:1 |
7,249 |
1430000 |
1 |
0.01 |
1,430,000 |
0.22 |
7357 |
1:1 |
7,357 |
1590901 |
5 |
0.07 |
7,954,505 |
1.23 |
8184 |
1:1 |
40,920 |
1590914 |
1 |
0.01 |
1,590,914 |
0.25 |
8184 |
1:1 |
8,184 |
1590940 |
1 |
0.01 |
1,590,940 |
0.25 |
8184 |
1:1 |
8,184 |
1606748 |
1 |
0.01 |
1,606,748 |
0.25 |
8266 |
1.1 |
8,266 |
1636362 |
1 |
0.01 |
1,636,362 |
0.25 |
8418 |
1:1 |
8,418 |
1702012 |
1 |
0.01 |
1,702,012 |
0.26 |
8756 |
1:1 |
8,756 |
1727271 |
1 |
0.01 |
1,727,271 |
0.27 |
8886 |
1:1 |
8,886 |
1772719 |
1 |
0.01 |
1,772,719 |
0.27 |
9120 |
1:1 |
9,120 |
1818180 |
16 |
0.22 |
29,090,880 |
4.50 |
9354 |
1:1 |
149,664 |
1825148 |
1 |
0.01 |
1,825,148 |
0.28 |
9389 |
1:1 |
9,389 |
1826500 |
3 |
0.04 |
5,479,500 |
0.85 |
9396 |
1:1 |
28,188 |
1829750 |
6 |
0.08 |
10,978,500 |
1.70 |
9413 |
1:1 |
56,478 |
1831648 |
1 |
0.01 |
1,831,648 |
0.28 |
9423 |
1:1 |
9,423 |
1836510 |
1 |
0.01 |
1,836,510 |
0.28 |
9448 |
1:1 |
9,448 |
1885442 |
1 |
0.01 |
1,885,442 |
0.29 |
9700 |
1:1 |
9,700 |
2090907 |
1 |
0.01 |
2,090,907 |
0.32 |
10757 |
1:1 |
10,757 |
2272725 |
5 |
0.07 |
11,363,625 |
1.76 |
11692 |
1:1 |
58,460 |
2272790 |
1 |
0.01 |
2,272,790 |
0.35 |
11692 |
1:1 |
11,692 |
2499991 |
2 |
0.03 |
4,999,982 |
0.77 |
12861 |
1:1 |
25,722 |
2727270 |
3 |
0.04 |
8,181,810 |
1.27 |
14030 |
1:1 |
42,090 |
3181815 |
25 |
0.34 |
79,545,375 |
12.30 |
16369 |
1:1 |
409,225 |
3636360 |
8 |
0.11 |
29,090,880 |
4.50 |
18707 |
1:1 |
149,656 |
4545450 |
3 |
0.04 |
13,636,350 |
2.11 |
23384 |
1:1 |
70,152 |
6363630 |
1 |
0.01 |
6,363,630 |
0.98 |
32726 |
1:1 |
32,726 |
8181810 |
1 |
0.01 |
8,181,810 |
1.27 |
42077 |
1:1 |
42,077 |
9087000 |
1 |
0.01 |
9,087,000 |
1.41 |
46731 |
1:1 |
46,731 |
12499994 |
1 |
0.01 |
12,499,994 |
1.93 |
64283 |
1:1 |
64,283 |
17272723 |
1 |
0.01 |
17,272,723 |
2.67 |
88828 |
1:1 |
88,828 |
18181813 |
1 |
0.01 |
18,181,813 |
2.81 |
93501 |
1:1 |
93,501 |
TOTAL |
7400 |
100 00 |
646,647,885 |
100.00 |
|
|
3,326,634 |
C.Allotment to QIBs
Allotment to QlBs. who have Bid at the Offer Price of Rs1,100 per Equity Share has been
done on a proportionate basis in consultation with the NSE. This categoiy has been
subscribed to the extent of 186,83114 times of QIB Portion. As per the SEBI Regulations.
Mutual Funds were Allotted 5% of the Equity Shares of QIB Portion available i.e. 221,776
Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were Allotted the
remaining available Equity Shares i.e. 4,213,735 Equity Shares on a proportionate basis.
The total number of Equity Shares Allotted in the QIB Portion is 4,435,511 Equity Shares,
which were allotted to 367 successful QIB Bidders. The category-wise details of the Basis
of Allotment are as under:
Category |
FIs/Banks |
FII |
ICs |
MFs |
NBFC |
Others |
Total |
QIB |
903,278 |
1,765,582 |
198,900 |
573,878 |
925 |
992,948 |
4,435,511 |
D. Allotment to Anchor Investors
The Company and the Selling Shareholders, in consultation with the BRLMs, have allocated
6,653,265 Equity Shares to 61 Anchor Investors (through 35 Applications) at the Anchor
Investor Offer Price of� Rs 1,100 per Equity Share in accordance with the SEBI
Regutations. This represents 60% of the QIB Portion. Allotment to such Anchor investors is
as mentioned below:
Category |
FPI |
ICs |
MFs |
SINBFC |
Total |
Anchor |
3,743,813 |
172,731,00 |
2,418,533 |
318,188 |
6,653,265 |
E. Allotment under HDFC AMC Eligible Employees Reservation (After Technical
Rejections)
The Basis of Allotment to investors under the HDFC AMC Eligible Employees Reservation, who
have bid at the Offer Price of Rs 1,100 per Equity Share, was finalized in consultation
with the NSE. This category has been subscribed to the extent of 1.042031 times. The total
number of Equity Shares Allotted in this category is 320,000 Equity Shares to 988
successful Allottees. Allotment under the HDFC AMC Eligible Employee Category have been
split in 2 categories (i) applications upto Rs 2 Lakhs (ii) applications above Rs 2 Lakhs
and upto Rs 5 Lakhs.
The category-wise details of the Basis of Allotment for Employee upto 2
Lakhs are as under:
Category |
No. of
Applications
Received |
%� of
Total |
Total No. of
Equity Shares
applied |
% to
Total |
No. of� Equity
Shares allotted
per applicant |
Ratio |
Total No. of
Equity Shares
allotted |
13 |
24 |
2.43 |
312 |
0.21 |
13 |
1:1 |
312 |
26 |
15 |
1.52 |
390 |
0.26 |
26 |
1:1 |
390 |
39 |
14 |
1.42 |
546 |
0.36 |
39 |
1:1 |
546 |
52 |
13 |
1.32 |
676 |
0.45 |
52 |
1:1 |
676 |
65 |
9 |
0.91 |
585 |
0.39 |
65 |
1:1 |
585 |
78 |
7 |
0.71 |
546 |
0.36 |
78 |
1:1 |
546 |
91 |
45 |
4.55 |
4,095 |
2.72 |
91 |
1:1 |
4,095 |
104 |
14 |
1.42 |
1,456 |
0.97 |
104 |
1:1 |
1,456 |
117 |
6 |
0.61 |
702 |
0.47 |
117 |
1:1 |
702 |
130 |
11 |
1.11 |
1,430 |
0.95 |
130 |
1:1 |
1,430 |
143 |
8 |
0.81 |
1,144 |
0.76 |
143 |
1:1 |
1,144 |
156 |
3 |
0.30 |
468 |
0.31 |
156 |
1:1 |
468 |
169 |
819 |
82.89 |
138,411 |
91.81 |
169 |
1:1 |
138,411 |
TOTAL |
988 |
100.00 |
150,761 |
100.00 |
|
|
150,761 |
The category-wise details of the Basis of Allotment for Employee above Rs 2 Lakhs and
up to Rs 5 Lakhs are as under:
Category |
No.� of
Applications
Received |
% of
Total |
Total No. of
Equity Shares
applied |
% to
Total |
No. of� Equity
Shares allotted
per applicant |
Ratio |
Total No. of
Equity Shares
allotted |
13 |
49 |
6.13 |
637 |
0.35 |
12 |
1:1 |
588 |
26 |
4 |
0.50 |
104 |
0.06 |
24 |
1:1 |
96 |
39 |
9 |
1.13 |
351 |
0.19 |
36 |
1:1 |
324 |
52 |
16 |
2.00 |
832 |
0.46 |
48 |
1:1 |
768 |
65 |
11 |
1.38 |
715 |
0.39 |
60 |
1:1 |
660 |
78 |
2 |
0.25 |
156 |
0.09 |
73 |
1:1 |
146 |
91 |
14 |
1.75 |
1,274 |
0.70 |
84 |
1:1 |
1,176 |
104 |
33 |
4.13 |
3,432 |
1.88 |
96 |
1:1 |
3,168 |
117 |
5 |
0.63 |
585 |
0.32 |
108 |
1:1 |
540 |
130 |
3 |
0.38 |
390 |
0.21 |
120 |
1:1 |
360 |
143 |
8 |
1.00 |
1,144 |
0.63 |
133 |
1:1 |
1,064 |
156 |
6 |
0.75 |
936 |
0.51 |
145 |
1:1 |
870 |
169 |
1 |
0.13 |
169 |
0.09 |
157 |
1:1 |
157 |
182 |
7 |
0.88 |
1,274 |
0.70 |
169 |
1:1 |
1.183 |
195 |
14 |
1.75 |
2,730 |
1.49 |
181 |
1:1 |
2,534 |
208 |
4 |
0.50 |
832 |
0.46 |
193 |
1:1 |
772 |
221 |
3 |
0.38 |
663 |
0.36 |
205 |
1:1 |
615 |
234 |
4 |
0.50 |
936 |
0.51 |
217 |
1:1 |
868 |
247 |
6 |
0.75 |
1,482 |
0.81 |
229 |
1:1 |
1,374 |
260 |
2 |
0.25 |
520 |
0.28 |
241 |
1:1 |
482 |
273 |
599 |
74.88 |
163,527 |
89.51 |
252 |
1:1 |
150,948 |
|
|
|
|
|
1 |
31:34 |
546 |
TOTAL |
800 |
100.00 |
182,689 |
100.00 |
|
|
169,239 |
One additional share has been allotted the category 273 in the ratio of 31:34
F. Allotment under HDFC Ltd Eligible Employees Reservation (After Technical
Rejections)
The Basis of Allotment to investors under the HDFC Ltd Eligible Employees Reservation, who
have bid at the Offer Price of� Rs 1,100 per Equity Share, was finalized in
consultation with the NSE. This category has been subscribed to the extent of �
1.61441 times. The total number of Equity Shares Allotted in this category is 560,000
Equity Shares to 2.405 successful Allottees. Allotment under the HDFC Ltd Eligible
Employee Category have been split in 2 categories (i) applications upto Rs 2 Lakhs (ii)
applications above Rs 2 Lakhs and upto Rs 5 Lakhs.
The category-wise details of the Basis of Allotment for Employee upto Rs 2 Lakhs are as
under:
Category |
No.� of
Applications
Received |
%� of
Total |
Total No of
Equity Shares
applied |
%� to
Total |
No. of� Equity
Shares allotted
per applicant |
Ratio |
Total No. of
Equity Shares
allotted |
13 |
21 |
0.87 |
273 |
0.07 |
13 |
1:1 |
273 |
26 |
25 |
1.04 |
650 |
0.17 |
26 |
1:1 |
650 |
39 |
20 |
0.83 |
780 |
0.20 |
39 |
1:1 |
780 |
52 |
24 |
1.00 |
1,248 |
0.32 |
52 |
1:1 |
1,248 |
65 |
15 |
0.62 |
975 |
0.25 |
65 |
1:1 |
975 |
78 |
13 |
0.54 |
1,014 |
0.26 |
78 |
1:1 |
1,014 |
91 |
42 |
1.75 |
3,822 |
0.99 |
91 |
1:1 |
3,822 |
104 |
23 |
0.96 |
2,392 |
0.62 |
104 |
1:1 |
2,392 |
117 |
10 |
0.42 |
1,170 |
0.30 |
117 |
1:1 |
1,170 |
130 |
28 |
1.16 |
3,640 |
0 95 |
130 |
1:1 |
3,640 |
143 |
11 |
0.46 |
1,573 |
0.41 |
143 |
1:1 |
1,573 |
156 |
9 |
0.37 |
1,404 |
0.37 |
156 |
1:1 |
1,404 |
169 |
2,164 |
89.98 |
365,716 |
95.08 |
169 |
1:1 |
365,716 |
TOTAL |
2,405 |
100.00 |
384,657 |
100.00 |
|
|
384,657 |
The category-wise details of the Basis of Allotment for Employee above Rs 2 Lakhs and
upto Rs 5 Lakhs are as under:
Category |
No.� of
Applications
Received |
%� of
Total |
Total No of
Equity Shares
applied |
%� to
Total |
No. of� Equity
Shares allotted
per applicant |
Ratio |
Total No. of
Equity Shares
allotted |
13 |
45 |
2.14 |
585 |
0.11 |
4 |
1:1 |
180 |
26 |
24 |
1.14 |
624 |
0.12 |
9 |
1:1 |
216 |
39 |
19 |
0.91 |
741 |
0.14 |
13 |
1:1 |
247 |
52 |
15 |
0.71 |
780 |
0.15 |
18 |
1:1 |
270 |
65 |
12 |
0.57 |
780 |
0.15 |
22 |
1:1 |
264 |
78 |
11 |
0.52 |
858 |
0.17 |
26 |
1:1 |
236 |
91 |
26 |
1.24 |
2,366 |
0.46 |
31 |
1:1 |
806 |
104 |
32 |
1 53 |
3.326 |
0.64 |
35 |
1:1 |
1,120 |
117 |
16 |
0.76 |
1,872 |
0.36 |
40 |
1:1 |
640 |
130 |
4 |
0.19 |
520 |
0.10 |
44 |
1:1 |
176 |
143 |
16 |
0.76 |
2,288 |
0.44 |
48 |
1:1 |
768 |
156 |
15 |
0.71 |
2,340 |
0.45 |
53 |
1:1 |
795 |
169 |
9 |
0.43 |
1,521 |
0.29 |
57 |
1:1 |
513 |
182 |
11 |
0.52 |
2,002 |
0.39 |
61 |
1:1 |
671 |
195 |
25 |
1.19 |
4,875 |
0.94 |
66 |
1:1 |
1650 |
208 |
10 |
0.48 |
2,080 |
0.40 |
70 |
1:1 |
700 |
221 |
17 |
0.81 |
3,757 |
0.72 |
75 |
1:1 |
1,275 |
234 |
9 |
0.43 |
2,106 |
0.41 |
79 |
1:1 |
711 |
247 |
14 |
0.67 |
3,458 |
0.67 |
83 |
1:1 |
1,162 |
260 |
10 |
0.48 |
2,600 |
0.50 |
88 |
1:1 |
880 |
273 |
1.758 |
83.79 |
479,934 |
92.40 |
92 |
1:1 |
161,736 |
|
|
|
|
|
1 |
26:165 |
277 |
TOTAL |
2,098 |
100.00 |
519,415 |
100.00 |
|
|
175,343 |
One additional share has been allotted to category 273 in the ratio of 26:165
G. Allotment under HDFC Ltd Shareholders Reservation (After Technical
Rejections)
The Basis of Allotment to investors under the HDFC Ltd Shareholcers Reservation, who have
bid at the Offer Price of Rs 1,100 per Equity Share, was finalized in consultation with
the NSE. This category has been subscribed to the extent of 2.90800 times. The total
number of Equity Shares Allotted in this category is 2,400,000 Equity Shares to 91,173
successful bidders. The category-wise details of the Basis of Allotment are as under:
Category |
No.� of
Applications
Received |
%� of
Total |
Total No of
Equity Shares
applied |
%� to
Total |
No. of� Equity
Shares allotted
per applicant |
Ratio |
Total No. of
Equity Shares
allotted |
13 |
32,163 |
35.28 |
418,119 |
5.99 |
13 |
1:1 |
418,119 |
26 |
9,658 |
10.59 |
251,108 |
3.60 |
16 |
1:1 |
154,528 |
39 |
5,023 |
5.51 |
195,897 |
2.81 |
18 |
1:1 |
90,414 |
52 |
4,157 |
4.56 |
216,164 |
3.10 |
21 |
1:1 |
87,297 |
65 |
2,808 |
3.08 |
182,520 |
2.62 |
24 |
1:1 |
67,392 |
78 |
1,607 |
1.76 |
125,346 |
1.80 |
27 |
1:1 |
43,389 |
91 |
2,666 |
2.92 |
242,606 |
3.48 |
29 |
1:1 |
77,314 |
104 |
1,499 |
1.64 |
155,896 |
2.23 |
32 |
1:1 |
47,968 |
117 |
560 |
0.61 |
65,520 |
0.94 |
35 |
1:1 |
19,600 |
130 |
1,736 |
1.90 |
225,680 |
3.23 |
38 |
1:1 |
65,968 |
143 |
521 |
0.57 |
74,503 |
1.07 |
40 |
1:1 |
20,840 |
156 |
2,857 |
3.13 |
445,692 |
6.69 |
43 |
1:1 |
122,851 |
169 |
25,918 |
28.43 |
4,380,142 |
62.76 |
45 |
1:1 |
1,166,310 |
|
|
|
|
|
1 |
517:744 |
18,010 |
Total |
91,173 |
100.00 |
6,979,193 |
100.00 |
|
|
2,400,000 |
One additional share has been allotted to category 169 in the ratio of 517:744
The IPO Committee of our Company on August 2, 2018 has taken on record the
Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being NSE
and has allotted the Equity Shares to various sucoessfull Bidders. The Allotment
Advice-cum-Intimations and/ or notices will be dispatched to the address of the investors
as registered with the depositories. Further, the instructions to the Sell Certified
Syndicate Banks for unblocking of funds, transfer to Public Offer Account have been issued
on August 2,2018 and payment to non-Syndicate brokers have been issued on August 2,2018.
In case the same is not received within ten days, investors may contact the Registrar to
the Offer at the address given below. The Equity Shares Allotted to the successful
Allottees have been uploaded on August 2,2018 for credit into the respective beneficiary
accounts subject to validation of� the account details wiih the depositories
concerned. The Company has filed the Listing application with NSE and BSE on August 2,
2018. The Company has received listing and trading approval from NSE and BSE and the
trading will commence on August 6. 2018.
All capitalised terms used and not specifically defined herein shall have
the same meaning as ascribed to them in the Prospectus.
INVESTORS PLEASE NOTE
The details of the allotment made will be hosted on the website of tha Registrar to the
Offer,
Karvy Computershare Private Limited at www karisma.karvy.com
All futune correspondence in this regard may kindly be addressed to the Registrar to the
Offer quoting full name of the first/ sole Bidder, Bid cum Application Form number. Bidder
DP ID, Client ID. PAN. date of submission of Bid cum Application Form, address of the
Bidder, number of Equity Shares applied for, the name and address of the Designated
Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of
the Acknowledgment Slip received from the Designated Intermediary at the address given
below:
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda,
Hyderabad 500 032, India.
Telephone: +91 (40) 6716 2222; Facsimile: +91 (40)2343
1551; Email: einward.ris@karvy.com.
Website: www.karisma.karvy.com;
Investor Grievance ID:hdfcamc.ipo@karvy.com
Contact Person: M Murali Krishna: SEBI Registration No.
INR000000221
Place; Mumbai
Date; August 3, 2018 |
For HDFC ASSET MANAGEMENT COMPANY LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary and Compliance Officer |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET
PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF HDFC ASSET MANAGEMENT
COMPANY LIMITED. |
From where you are getting basis of allotment details.
In this ipo basis of allotment for NII subscription was not published at chittoragh.com site.
Why?
If possible please publish it for our refrence as maximun numbers app 7500 applied in this catagory.
In dmart ipo this number was app 5500