Hdfc Asset Management Ipo:Gmp, Issue Size, Issue Price and Important dates

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Hdfc Asset Management Ipo is well-known fund house engaged in providing savings and investment products and is all set to make a debut in the stock market with an issue size of 2800.33 Cr.   

Hdfc Asset Management Ipo – Overview    

 Issue Date           25-27 July 2018 
Hdfc Asset Management Ipo Opening Date           25 July 2018 
Hdfc Asset Management Ipo Face Value           INR 5 per share           
Hdfc Asset Management Ipo Price           INR 110 per share          
Hdfc Asset Management Ipo Lot Size           13 Shares          
Issue Size           2800.33 Cr      
Offer for sale  
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE
QIB Shares Offered             192.26 times 
NII (HNI) Shares           195.15 times 
Company Promoters           The Promoters of the Company are HDFC and Standard Life Investments. HDFC holds 120,772,800 Equity Shares and Standard Life Investments, holds 80,515,200 Equity Shares, which constitutes 57.36% and 38.24%, respectively, of the Company’s Pre-Offer, issued, subscribed and paid-up Equity Share capital. 
XELPMOC DESIGN AND TECH IPO

Tentative Dates           

Hdfc Asset Management Ipo opening date           25 July 2018  
Hdfc Asset Management Ipoclosing date           27 July 2018  
Basis of Allotment           01 Aug 2018 
Initiation of Refunds           02 Aug 2018 
The credit of Shares to Demat           3 Aug 2018 
Hdfc Asset Management Ipo Listing Date            6 Aug 2018 

Company Overview    

IT is a 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 companies. 

Industry Overview    

While the industry has seen an increase in the number of mutual fund players, it has also witnessed consolidation, especially in the mid-sized and smaller AMCs. The larger players (top 10) enjoy the lion’s share not only in the industry’s assets but also in terms of revenue and profit. Interestingly, the net profit share of the top 10 players was higher than the overall net profit of the industry until Fiscal 2015. This indicates that some of the mid-sized and smaller players have not been able to remain afloat in terms of profitability. 

Objectives Of The Issue      

  1. To carry out the sale of Equity Shares offered for sale by the Selling Shareholders. 
  2. Enhance the company’s visibility and brand image. 
  3. Provide a public market for Equity Shares in India. 

Financial Statements          

Particulars          31-Dec-17 31-Mar-17   31-Mar-16 
Total Assets          25,831.58 15,995.90 14,227.17 
Total Revenue          13,167.21 15,879.10 14,943.42 
Profit After Tax          4,955.55 5,502.46  4,778.80 

Hdfc Asset Management Ipo- Strengths          

  1. The brand reputation of HDFC and SLI helps in earning the trust of customers. 
  2. Consistent investment performance over the years has helped it establish itself as one of the leading AMC in the country. 
  3. A 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. 

Company Contact Information 

HDFC Asset Management Company Limited 
HDFC House, 2nd Floor, H.T. Parekh Marg 
165-166, Backbay Reclamation 
Churchgate, Mumbai 400 020, Maharashtra, 
Phone: +91 (22) 6631 3333 
Email: shareholders.relations@hdfcfund.com 
Website: http://www.hdfcfund.com/ 

Registrar 

KFin Technologies Limited 
 
Phone: 04067162222, 04079611000 
Email: einward.ris@karvy.com 
Website: https://karisma.kfintech.com/ 

HDFC AMC IPO Lead Manager(s) 

  1. Axis Capital Limited (Past IPO Performance) 
  1. BofA Securities India Limited (Past IPO Performance) 
  1. Citigroup Global Markets India Private Limited (Past IPO Performance) 
  1. CLSA India Private Limited (Past IPO Performance) 
  1. HDFC Bank Limited (Past IPO Performance) 
  1. ICICI Securities Limited (Past IPO Performance) 
  1. IIFL Securities Ltd (Past IPO Performance) 
  1. J.P. Morgan India Private Limited (Past IPO Performance) 
  1. JM Financial Limited (Past IPO Performance) 
  1. Kotak Mahindra Capital Company Limited (Past IPO Performance) 
  1. Morgan Stanley India Company Pvt Ltd (Past IPO Performance) 
  1. Nomura Financial Advisory And Securities (India) Pvt Ltd (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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