HDFC Asset Management Company Limited IPO, HDFC AMC IPO Details

By | August 6, 2018

HDFC Asset Management Company Limited IPO, HDFC AMC IPO Details, HDFC AMC IPO Allotment Status Online, Grey Market and GMP

India’s second-largest fund house HDFC Asset Management Company Limited is planning to raise money from the markets and is scheduled to come up with an Initial Public Offering (IPO) from 25th July 2018. The IPO of HDFC AMC will be concluded on 27th July 2018. The price band is set between Rs. 1095 to Rs. 1100. The company will be raising up to Rs. 3,462 crore through this IPO. The company will sell around 2.5 crore shares of face value of Rs. 5 per share. The lot size will be 13 shares. Earlier the Reliance Nippon Life AMC came up with the IPO and now HDFC AMC is the second mutual fund company after the Reliance Nippon.

Investors should check all details regarding this IPO very carefully and read the DRHP before applying. Please check our website for the latest and updated news about allotment date, listing date etc. More details about the company, IPO price, dates, financials, subscription figures, address etc are also given below.

HDFC AMC IPO

HDFC AMC IPO

HDFC AMC IPO

About the company: Few details about the company:

  • HDFC Asset Management Company Limited is a mutual fund asset management company in India.
  • The company was established in 1999 and it is based in Mumbai.
  • It is a joint venture between Housing Development Finance Corp. Ltd (HDFC) and Standard Life Investments Ltd.
  • It is country’s most profitable and second-largest mutual fund house after ICICI Prudential AMC.
  • As of 31st March 2018, The company holds total asset under management (AUM) of more than Rs. 3 lakh crore.
  • It offers a variety of savings and investment products across asset classes.
  • The company has offered 127 schemes until now in which 28 are equity-oriented schemes, 91 debt schemes, and 05 other schemes.

Company Promoters: Housing Development Finance Corporation Limited And Standard Life Investments Limited

Objects of the Issue

  • To carry out the sale of shares by the Selling Shareholders.
  • Enhance the Company’s visibility and brand image.
  • Provide liquidity to the existing Shareholders.
  • To achieve the benefits of listing the Equity Shares on the Stock Exchanges
Note: Company will not receive any proceeds from the Offer as all the proceeds will go the Selling shareholders.

HDFC AMC IPO Review

About the IPO

  1. The company wants to garner Rs. 2800 crores from the markets.
  2. The IPO of HDFC AMC will be open from 25th July 2018 to 27th July 2018 with a price band of Rs. 1,095-Rs. 1,100 per equity share of face value Rs. 5 each.
  3. Bids can be made for a minimum lot of 13 Equity Shares and in multiples of 13 Equity Shares thereafter.
  4. The issue is an offer for sale of 2.54 crore equity shares.
  5. HDFC will sell 85.92 lakh shares while Standard Life will sell 1.68 crore shares.
  6. HDFC will sell 4.08% stake while Standard Life will sell 7.95%.
  7. The value of the company is Rs. 23000 crores at the upper end of the price band.
  8. Retail category investor can apply up to a maximum of Rs 2 lakh.
  9. 9.43% of shares are reserved for the HDFC shareholders.
  10. 1.26% and 2.2% reservation will be offered to the eligible employees of HDFC AMC and HDFC, respectively.

HDFC AMC IPO, Allotment, Date, Price, Lot Size, Subscription, Listing

NameHDFC Asset Management Company Limited (HDFC AMC)
Open Date25 Jul 2018
Close Date27 Jul 2018
Allotment Date02 Aug 2018
Refund Date03 Aug 2018
Listing Date06 Aug 2018
Issue PriceRs. 1095 – Rs. 1100 Per Equity Share
Lot Size13 Shares
Minimum Order Quantity13 Shares
Issue TypeBook Built Issue IPO
Issue SizeInitial Public offer of 25,457,555 Equity Shares
Lead ManagerKotak Mahindra Capital Company Limited, Axis Capital Limited, DSP Merrill Lynch Limited, Citigroup Global Markets India Private Limited, CLSA India Private Limited, HDFC Bank Limited, ICICI Securities Limited, IIFL Holdings Limited, JM Financial Limited, J.P. Morgan India Private Limited, Morgan Stanley India Company Private Limited and Nomura Financial Advisory and Securities (India) Private Limited
RegistrarKarvy Computershare Private Limited
Listing atNSE / BSE

HDFC AMC IPO Allotment Date and Link

The allotment of the shares will be completed and published on 02nd August 2018 on the registrar’s website. Those who have applied for the shares and want to check the HDFC AMC Allotment should check this page later on 02nd August 2018. Please note that allotment will be decalred today.

HDFC AMC IPO Allotment Status.

Grey Market Price, GMP, Premium

DateGMPKostak RateSauda
06 Aug 2018Rs. 575
03 Aug 2018Rs. 575Rs. 1700Rs. 6500
02 Aug 2018Rs. 580Rs. 1700Rs. 6500
01 Aug 2018Rs. 600Rs. 1800Rs. 6500
31 Jul 2018Rs. 600Rs. 1400Rs. 6000
30 Jul 2018Rs. 600Rs. 1400Rs. 6000
26 Jul 2018Rs. 470Rs. 1600Rs. 5200
25 Jul 2018Rs. 470Rs. 1800Rs. 5100
24 Jul 2018Rs. 450Rs. 1800Rs. 5000
23 Jul 2018Rs. 375Rs. 1300Rs. 4000

Financials

DateTotal RevenueTotal ExpensesProfit after Tax
FY 2018
Rs. 1,867.2Rs. 804.7Rs. 721.6
FY 2017Rs. 1,587.9Rs. 788.1Rs. 550.2
FY 2016Rs. 1,494.3Rs. 786.1Rs. 477.9
FY 2015Rs. 1,064.3Rs. 441.7Rs. 415.5
FY 2014Rs. 903.1Rs. 380.7Rs. 357.8
FY 2013Rs. 784Rs. 337.2Rs. 318.7
**(All Figures in Rs. Crores)

Valuations

  • Earnings Per Share (EPS): Rs. 34.96
  • Price/Earnings (P/E) ratio: 31.32 – 31.46
  • Return on Net Worth (RONW): 33.41%
  • Net Asset Value (NAV): Rs. 102.58 per share

Subscription Details

CategorySHARES OFFERED25 Jul 201826 Jul 201827 Jul 2018
RII77621451.343.506.73
NII33266340.5513.91195.15
QIB44355111.195.89192.26
Employee8800000.541.031.52
Shareholders24000000.601.402.69
Total188042901.035.5283.06

Registrar

Karvy Computershare Private Limited

  • Telephone: +91 (22) 3395 8021
  • Fax: +91 (22) 3078 8584
  • Email: [email protected]
  • Website: https://karisma.karvy.com

Listing Date

The listing will be done on 06th August 2018.
Listing Day Figures (06th August 2018)

 BSE (541729)NSE (HDFCAMC)
IPO PriceRs. 1100Rs. 1100
OpenRs. 1739Rs. 1726.25
HighRs. 1842.95Rs. 1844
LowRs. 1730Rs. 1726.25
CloseRs. 1815.15Rs. 1815.95

HDFC Asset Management Company Limited Address

Registered Office and Corporate Office: HDFC House, 2nd Floor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai 400 020, Maharashtra, India

Telephone: +91 (22) 6631 3333;
Fax: +91 (22) 6658 0203;
E-mail: [email protected];
Website: www.hdfcfund.com

IPO DRHP / Prospectus

Download Now – Click Here.

2 thoughts on “HDFC Asset Management Company Limited IPO, HDFC AMC IPO Details

  1. Tejal

    CHECK NOW: HDFC AMC GMP : 470-475 and Kostak : 1600-1650: This is very good ipo in this month even its gmp is very good

    Reply

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