Because of promoters reputation HDFC AMC does deserve the respect that it is getting, nothing wrong there. But it should be noted that off late HDFC MF schemes have not been performing well compared to other MF house. Just look at top 5 MF scheme at moneycontrol website and hardly you will see any HDFC scheme there. But never the less it has advantage of having been in a position to grow fast by leveraging HDFC bank branches as good distribution points even in rural areas. Mutual Fund is still under penetrated business in India, most people only know bank/Post Office FD/RD etc. And HDFC AMC is well positioned to tap that opportunity. Only concern is their schemes are not performing well and they need to address that, otherwise they might start loosing the market share. I am applying but I don't see more than 20-30% appreciation in short run.
Now the question is whether Rakesh Jhunjhunwala will apply ? If so in what quantity he will apply .Earlier he applied for Reliance Nippon Asset Management. One member retrieved the application for the benefit of other members
414. AhireR| Link| Bookmark|
July 25, 2018 11:14:58 AM
IPO Mentor (800+ Posts, 1000+ Likes)
already more than 0.25 times in retail..this will cross 4 times in retail definitely..
Anchor in Bandhan vs HDFC SL vs HDFC AMC: Bandhan Bank issued shares to 92 Anchor Investors. HDFC SL issued shares to 126 Anchor Investors. HDFC AMC issued shares to 61 Anchor Investors. Bandhan Bank & HDFC SL were available at single digit GMP before listing. Not many could predict their super-listing which clearly proves their competence levels. Now, some are predicting bad listing for HDFC AMC since it has only 61 Anchor Investors. Participation by Institutional Investors in Anchor or QIB does not guarantee listing gains, but listing gains are phenomenal only if they participate after listing.
410.1. AKH| Link| Bookmark|
July 25, 2018 9:49:17 AM
IPO Mentor (900+ Posts, 700+ Likes)
Bandhan Bank issue size is above 4k crore and HDFC LIFE issue size is 8k crore. Whereas HDFC AMC 2.8k crore. So that its anchor book subscribed by 35 anchor investors.
409. VIE| Link| Bookmark|
July 25, 2018 10:37:22 AM
(500+ Posts, 500+ Likes)
@ D.Shreyansh.Jain Timing is 10 to 5.after that it will process on next day. Further on last day upto 4 only.