Business description –HDFC AMC has been the most profitable asset management company in India in terms of net profits since Fiscal 2013, with a total AUM of INR2,932.54 billion as of 31 December 2017. Its profits have grown every year since the first full year of operations in Fiscal 2002. It has been the largest asset management company in India in terms of equity-oriented AUM since the last quarter of Fiscal 2011 and have consistently been among the top two asset management companies in India in terms of total average AUM since the month of August 2008.
As of 31 December 2017, its equity-oriented AUM and non-equity-oriented AUM constituted INR1,552.82 billion and INR1,379.72 billion, respectively, of its total AUM. Its actively managed equity-oriented AUM (which excludes index linked and arbitrage schemes) constituted INR1,495.62 billion of its total AUM as of 31 December 2017. Its AUM has grown at a compounded annual growth rate (“CAGR”) of 27.1% between 31 March 2013 and 31 December 2017.
Promoters of HDFC AMC – Housing Development Finance Corporation Limited and Standard Life Investments Limited
| HDFC AMC IPO details | |
| Subscription Dates | 25 – 27 July 2018 |
| Price Band | INR1,095 – 1,100 per share |
| Fresh issue | Nil |
| Offer For Sale | 25,457,555 shares (INR2,787.60 – 2,800.33 crore) |
| Total IPO size | 25,457,555 shares (INR2,787.60 – 2,800.33 crore) |
| Minimum bid (lot size) | 13 shares |
| Face Value | INR5 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
| HDFC AMC’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | |
| Total revenues | 784.0 | 903.1 | 1,064.3 | 1,494.3 | 1,587.9 | 1,867.2 |
| Total expenses | 337.2 | 380.7 | 441.7 | 786.1 | 788.1 | 804.7 |
| Profit after tax | 318.7 | 357.8 | 415.5 | 477.9 | 550.2 | 721.6 |
| Net margin (%) | 40.7 | 39.6 | 39.0 | 32.0 | 34.6 | 38.6 |
HDFC AMC Contact Details
HDFC Asset Management Company Limited
HDFC House, 2nd Floor, H.T. Parekh Marg
165-166, Backbay Reclamation, Churchgate
Mumbai 400 020
Phone: +91 22 6631 3333
Fax: +91 22 6658 0203
Email: [email protected]
Website: www.hdfcfund.com
Registrar of HDFC AMC IPO
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: [email protected]
Website: www.karvycomputershare.com
Valuation of HDFC AMC (Based on latest FY)
Earnings Per Share (EPS): INR34.96
Price/Earnings (P/E) ratio: 31.32 – 31.46
Return on Net Worth (RONW): 33.41%
Net Asset Value (NAV): INR102.58 per share
HDFC AMC IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 7 pm) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 4,435,511 | 1.18 | 5.87 | 192.25 |
| NII | 3,326,634 | 0.54 | 13.89 | 195.15 |
| Retail | 7,762,145 | 1.34 | 3.48 | 6.61 |
| Employee | 880,000 | 0.53 | 1.01 | 1.51 |
| HDFC shareholder | 2,400,000 | 0.59 | 1.40 | 2.64 |
| Total | 18,804,290 | 1.02 | 5.51 | 83.01 |
HDFC AMC IPO Allotment Status
HDFC AMC IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.
Listing Performance of HDFC AMC
IPO Opening Date: 25 July 2018
IPO Closing Date: 27 July 2018
Finalisation of Basis of Allotment: 1 August 2018
Initiation of refunds: 2 August 2018
Transfer of shares to demat accounts: 3 August 2018
Listing Date: 6 August 2018
Listing Price on NSE: INR1,726.25 per share (up 56.93% from IPO price)
Closing Price on NSE: INR1,815.25 per share (up 65.02% from IPO price)
This will be a good IPO for investors but don’t look for discount. It will also be on a premium to Reliance.
RNAM could be a good option to buy as HDFC will not come cheap!!! 230 now, except 260 next week.
SEBI is at work in HDFC AMC’s share sale to distributors. Good step from SEBI but I wonder why HDFC which has so high standards of conduct chose to do this. Obvious case of conflict, distributors should be rewarded through separate channels
https://www.moneycontrol.com/news/business/sebi-directs-hdfc-amc-to-cancel-pre-ipo-share-sale-return-investorscapital-2658161.html
It is.good ipo.
Finally HDFC Mutual Fund IPO to open on July 25..It is very big ipo size with price band of 1345 – 1360
short term or long term??
It is very good IPO this month even the grey market premium is very high as compare to current running ipos.
How should we increase the chances of IPO allotment? I wish to apply for 3 lots. Can i apply for 2 lots from one account and 1 from another to increase the chances?
Yes, you can make multiple applications from one bank account but the PAN card for every application should be different. What it means is that only one application can be made by one person. You can find more details on this page
https://ipocentral.in/5-tips-increase-ipo-allotment-chances/
Deepak Parekh is a genius. Period.
When I can sell my shares which were allotted as nii/hni
Nice IPO worth investing
Latest grey market update
GMP – 480/-
Kostak – 1800/-
i want to sell 2 applications of hdfcamu applied
I HAVE APPLIED THRU. TWO APPLICATION FIRST RETAILS CATG. & SHAREHOLDER CATG.
IS THIS RIGHT IT WILL BE NOT REJECTED OR REJECTED SINCE I HAVE ALREADY HDFC LIFE FROM IPO
Both your applications will be rejected. To qualify for shareholder quota, you needed to have shares of HDFC, not HDFC Life.
HDFCAMC GMP as on 31th July 2018
Premium range – 600 to 610 per share
Kostak rate – 1300/- per application (valid before listing)
SS(Subject to Sauda) value – 6000/- per allotment (irrespective of number of lots allotted)
Where to sell?
Bumper Listing!!! Got 1 lot, Sold @ 1775 by 10:05 AM itself.