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Home › IPOs › HDFC Asset Management Co.Ltd.
HD
HDFC Asset Management Co.Ltd.
CLOSED NSE & BSE Bookbuilding IPO Offer For Sale HDFC Asset Management Co.Ltd. IPO GMP
GREY MARKET PREMIUM
₹ 0
No premium data
EST. LISTING PRICE
₹1,100
Issue Price: ₹ 1,100
Issue Price
₹1,100
Face Value
₹5
Lot Size
13 shares
Open Date
25 Jul 2018
Close Date
27 Jul 2018
Allotment
01 Aug 2018
Listing Date
06 Aug 2018
Exchange
NSE & BSE
HDFC Asset Management Co.Ltd. IPO About the Company

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.

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.

...read more
HDFC Asset Management Co.Ltd. IPO Objects of the Issue
Purpose Amount (₹ Cr)
—
HDFC Asset Management Co.Ltd. IPO Lead Managers
Axis Capital Ltd. BOFA Securities India Ltd. Citigroup Global Markets India Pvt.Ltd. CLSA India Pvt.Ltd. HDFC Bank Ltd. ICICI Securities Ltd. IIFL Capital Services Ltd. JP Morgan India Pvt.Ltd. JM Financial Ltd. Kotak Mahindra Capital Co.Ltd. Morgan Stanley India Co.Pvt.Ltd. Nomura Financial Advisory & Securities (India) Pvt.Ltd.
Financial Summary Amount in Crore
Metric 31-Dec-17 31-Mar-17 31-Mar-16
Total Assets 2,583 1,600 1,423
Revenue 1,317 1,588 1,494
PAT 496 550 478
Issue Details
Total Shares Offered
25,457,555 (100%)
Pre-Issue Shareholding
211,988,800 shares
Post-Issue Shareholding
211,988,800 shares
UPI Mandate
27 Jul 2018
IPO Analytics Dashboard
LIVE
HDFC Asset Management Co.Ltd. IPO GMP Insights
👤
Retail Demand
Good
💼
HNI Interest
Good
🏦
QIB Demand
Strong
📊
Valuation
Moderate
HDFC Asset Management Co.Ltd. IPO GMP Strength Score
7 / 10 Good
0–3 Weak 3–6 Moderate 6–8 Good 8–10 Strong
HDFC Asset Management Co.Ltd. IPO Category-wise Subscription Shares offered, bid & amount
Category Sub (x) Offered Bid For
🏦 QIB — 11,088,776 (44%) —
💼 NII / HNI — 3,326,634 (13%) —
👤 Retail (RII) — 7,762,145 (30%) —
🧑‍💼 Employee — 880,000 (3%) —
Σ Total — 25,457,555 (100%) —

* Amount calculated at upper price band (₹1,100) ·  ** Total includes all investor categories

Subscription Overview Share allocation by investor category
🏦
QIB ? 11,088,776 (44%)
44%
💼
NII / HNI ? 3,326,634 (13%)
13%
👤
Retail (RII) ? 7,762,145 (30%)
30%
🧑‍💼
Employee ? 880,000 (3%)
3%
Total Shares Offered 25,457,555 (100%)
HDFC Asset Management Co.Ltd. IPO Application Sizing Minimum investment by category
👤 Retail Investors ?
Min. Lots 1
Shares / Lot 13
Min. Investment ₹14,300
💼 HNI Investors ?
Min. Lots 14
Min. Shares 182
Min. Investment ₹200,200
🏛️ bHNI (>₹10L) ?
Min. Lots 70
Min. Shares 910
Min. Investment ₹1,001,000
HDFC Asset Management Co.Ltd. IPO Timeline & Key Dates
  1. 1 💳 Initiation of Refund 02 Aug 2018
  2. 2 📂 Credit of Shares to Demat 03 Aug 2018
  3. 3 🔒 Lock-in Period (30%) August 31, 2018
  4. 4 🔒 Lock-in Period (50%) October 30, 2018
Investor Interpretation
  • Retail allocation is good at 30% of the total offering.
  • HNI/NII demand is good at 13%.
  • Institutional (QIB) interest is strong at 44%.

This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.

STOCK PRICE HISTORY  ·  NSE
—
Issue Price: ₹ 1,100  ·  Symbol: —
H —
L —
O —
HDFC Asset Management Co.Ltd. IPO Company Info
📍 HDFC House, 2nd Floor, H.T. Parekh Marg 165-166, Backbay Reclamation Churchgate, Mumbai 400 020, Maharashtra, Mumbai, Maharashtra
Visit Website
HDFC Asset Management Co.Ltd. IPO Registrar
Kfin Technologies Ltd.
Check Allotment Status
HDFC Asset Management Co.Ltd. IPO FAQs
HDFC Asset Management Co.Ltd. IPO has already listed. Its last recorded GMP was ₹0. GMP is only indicative and never a guarantee of listing gains.
The issue price of HDFC Asset Management Co.Ltd. IPO is ₹1,100 per share. One lot has 13 shares, so the minimum investment is about ₹14,300. It is a Offer For Sale issue.
HDFC Asset Management Co.Ltd. IPO opened on 25 Jul 2018 and closed on 27 Jul 2018. Allotment is tentatively finalised on 01 Aug 2018. Shares are listed on NSE & BSE on 06 Aug 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.
The lead managers of HDFC Asset Management Co.Ltd. IPO are Axis Capital Ltd., BOFA Securities India Ltd., Citigroup Global Markets India Pvt.Ltd., CLSA India Pvt.Ltd., HDFC Bank Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd., JP Morgan India Pvt.Ltd., JM Financial Ltd., Kotak Mahindra Capital Co.Ltd., Morgan Stanley India Co.Pvt.Ltd., Nomura Financial Advisory & Securities (India) Pvt.Ltd..
HDFC Asset Management Co.Ltd. IPO is proposed to list on NSE & BSE; it is a Bookbuilding IPO and the issue is a Offer For Sale.
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