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. |
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
- To carry out the sale of Equity Shares offered for sale by the Selling Shareholders.
- Enhance the company’s visibility and brand image.
- 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
- The brand reputation of HDFC and SLI helps in earning the trust of customers.
- Consistent investment performance over the years has helped it establish itself as one of the leading AMC in the country.
- A diversified product mix with a multi-channel distribution network helps it expand its reach.
- 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)
- Axis Capital Limited (Past IPO Performance)
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- ICICI Securities Limited (Past IPO Performance)
- IIFL Securities Ltd (Past IPO Performance)
- J.P. Morgan India Private Limited (Past IPO Performance)
- JM Financial Limited (Past IPO Performance)
- Kotak Mahindra Capital Company Limited (Past IPO Performance)
- Morgan Stanley India Company Pvt Ltd (Past IPO Performance)
- Nomura Financial Advisory And Securities (India) Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
