HDFC Asset Management Company Limited IPO (HDFC AMC IPO) Detail

HDFC Asset Management Company Limited IPO (HDFC AMC IPO) Detail

 

ABOUT THE COMPANY:

Incorporated in 1999 based in Mumbai. HDFC  Asset Management Company which provides services in savings and investments. The company is JV between Housing Development Finance Corporation Limited (HDFC) and Standard Life Investments Limited (SLI). HDFC is a bigger name in finance and housing market. The company is doing well in India and the coming years will be good for the company as per the financial results.SLI is part of Standard Life Aberdeen plc., one of the world’s largest investment company.

HDFC  Asset Management Company 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. 

HDFC  Asset Management Company offers a wide range of savings and investment products across asset classes. As of December 31, 2017, it offered 127 schemes categorized into-

  1. 28 equity-oriented schemes
  2. 91 debt schemes
  3. 3 liquid schemes
  4. 5 other schemes (including exchange-traded schemes and funds of fund schemes)

COMPANY STRENGHTS:

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.

HDFC  Asset Management Company Promoters:

 

The Promoters of the Company are

(1)Housing Development Finance Corporation Limited (HDFC).HDFC holds 120,772,800 Equity Shares(57.36%) and

(2)Standard Life Investments(SLI), holds 80,515,200 Equity Shares(38.24%)

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

 

OBJECTS 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.

The Company will not receive any proceeds from the Offer and all the proceeds from the Offer will be received by the Selling Shareholders.

HDFC Asset Management Company Limited IPO DETAILS:

HDFC AMC IPO

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 IPO SIZE  AND ALLOCATION:

Category Shares Offered
QIB 11,088,776
NII 3,326,634
Retail 7,762,145
Eligible HDFC AMC Employees 320,000
Eligible HDFC Employees 560,000
Eligible HDFC Shareholders 2,400,000
Total 25,457,555

 

HDFC AMC IPO ALLOTMENT STATUS:

CLICK HERE

 

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

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
Fax: +91 (22) 6658 0203
Email: shareholders.relations@hdfcfund.com
Website: http://www.hdfcfund.com/

HDFC AMC IPO Registrar:

Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

HDFC AMC IPO Lead Manager(s):

(1)Axis Capital Limited – Lead Manager

Axis Capital Limited
1st Floor, Axis House,
C-2 Wadia International Centre,
P.B. Marg, Worli, Mumbai 400 025,

Website:  http://www.axiscapital.co.in
Email:  complaints@axiscap.in
Phone: +91 22 4325 2183
Fax: +91 22 4325 3000

(2)BoA Merrill Lynch
DSP Merrill Lynch Limited
8th Floor, Mafatlal Centre
Nariman Point, Mumbai 400 021

Website:  http://www.dspml.com
Email:  dg.india_merchantbanking@baml.com
Phone: +91 22 6632 8000
Fax: +91 22 2204 8518

(3)Citigroup Global Markets India Private Limited
Bakhtawar, 4th Floor
229, Nariman Point
Mumbai 400 021

Website:  http://www.citibank.co.in
Email:  dlf.ipo@citigroup.com
Phone: + 91 1600 229996
Fax: + 91 22 5631 9803

(4)CLSA India Private Limited
8/F Dalamal House
Nariman Point
Mumbai – 400 021

Website:  http://www.clsa.com
Email:  investor.helpdesk@clsa.com
Phone: +91 (22) 6650 5050
Fax: +91 (22) 2284 0271

(5)HDFC Bank Limited
Investment Banking Division, Process House,
Kamala Mills Compound,Senapati Bapat Marg,
Lower Parel (W), Mumbai 400 013, India

Website:  http://www.hdfcbank.com
Email:  Investor.redressal@hdfcbank.com
Phone: (91 22) 4080 4108
Fax: (91 22) 4080 4114

(6)ICICI Securities Limited
ICICI Centre, H.T. Parekh Marg,
Churchgate,
Mumbai 400 020

Website:  http://www.icicisecurities.com
Email:  relpower_ipo@isecltd.com
Phone: (91 22) 2288 2460
Fax: (91 22) 2282 6580

(7)IIFL Holdings Limited
10th Floor, One IBC,
841, Senapati Bapat Marg, Lower Parel,
Mumbai – 400 013, Maharashtra, India

Website:  http://www.iiflcap.com
Email:  info@iiflcap.com
Phone: +91 22 4646 4600
Fax: +91 22 4646 4700

(8)J.P. Morgan India Private Limited
9th Floor, Mafatlal Centre,
Nariman Point,
Mumbai 400 021

Website:  http://www.jpmipl.com
Email:  reliancepower_ipo@jpmorgan.com
Phone: 91 (22) 2285 5666
Fax: 91 (22) 6639 3091

(9)JM Financial Consultants Private Limited
141 Maker Chamber III,
Nariman Point,
Mumbai 400 021

Website:  http://www.jmfinancial.com
Email:  reliancepower.ipo@jmfinancial.in
Phone: (91 22) 6630 3030
Fax: 91 22) 2204 7185

(10)Kotak Mahindra Capital Company Limited
Bakhtawar, 1st Floor
229 Nariman Point
Mumbai 400 021

Website:  http://www.kotak.com
Email:  reliancepower.ipo@kotak.com
Phone: (91 22) 6634 1100
Fax: (91 22) 2283 7517

(11)Morgan Stanley India Company Pvt Ltd
1101-1115, Hilton Towers,
Nariman Point,
Mumbai – 400 021, India.

Website:  http://www.morganstanley.com
Email:  ksk_ipo@morganstanley.com
Phone: +91 22 6621 0555
Fax: +91 22 6621 05

(12)Nomura Financial Advisory And Securities (India) Pvt Ltd
Ceejay House, Level 11,
Dr. Annie Besant Road,
Worli, Mumbai – 400 018, India.

Website:  http://www.nomura.com/asia/services/
Email:  gpl.ipo-in@nomura.com
Phone: (91 22) 4037 4037

HDFC AMC IPO ALLOTMENT STATUS:

Basis of Allotment Approved by Exchange.

Retail Investors will get 13 Shares for minimum bid lot in 994 : 3879 ratio

From 26 – 169 bid lot will get 13 Shares in 41 : 160 ratio

HNI Final Subscription: 194.38504

Unblocking of Funds: 02-Aug-2018

Credit of Shares : 03-Aug-2018

Listing of Shares: 06-Aug -2018

 

Author: admin

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