The HDFC AMC IPO date has been confirmed from July 25, 2018 and ended on July 27, 2018. Read the post to learn about HDFC AMC IPO GMP.
HDFC AMC Developers is launching its IPO, valued at Rs 2,800.33 crores. With share prices ranging from ₹1095 to ₹1100, there’s flexibility for various investment strategies. Interested? Keep in mind the minimum lot size is 13 shares, necessitating a minimum investment of ₹14,300 for retail investors. The Company’s management staff are preparing for the consequences and responsibilities of being a public company post-IPO.
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Bidding Dates
July 25-27
Price Range
₹1095 to ₹1100 per share
Face Value
₹5 per share
GMP
₹3,303.60
HDFC AMC IPO GMP
The HDFC AMC IPO GMP Today is ₹3,303.60.
IPO Overview
HDFC AMC ventured into the IPO market in July 2018, raising Rs 2,800.33 crore through a book-building process. The offering, comprising 2.55 crore shares for sale, commenced bidding on July 25, 2018, concluding on July 27, 2018. Post-allotment finalization on August 1, 2018, shares were listed on both BSE and NSE on August 6, 2018. With a price band ranging from ₹1095 to ₹1100 per share, retail investors were required to apply for a minimum lot size of 13 shares, necessitating an investment of ₹14,300. HDFC AMC IPO GMP Today is ₹3,303.60. The Company’s IPO draws both institutional and retail investors who are looking for a piece of its growth potential.
The company specializes in crafting personalized investment strategies for affluent clients, including individuals, families, trusts, domestic corporations, and retirement funds. As of December 31, 2017, our portfolio management and segregated account services had amassed a total asset under management of Rs 75.78 billion. In determining the timing and pricing for the Company’s IPO, market conditions have an important effect.
Strengths
- Brand reputation of HDFC and SLI helps in earning the trust of customers.
- Consistent investment performance over the years has helped it established itself as one of the leading AMC in the country
- 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.
HDFC AMC IPO Details
| IPO Date | July 25, 2018 to July 27, 2018 |
| Listing Date | August 6, 2018 |
| Face Value | ₹5 per share |
| Price Band | ₹1095 to ₹1100 per share |
| Lot Size | 13 Shares |
| Total Issue Size | 25,457,555 shares (aggregating up to ₹2,800.33 Cr) |
| Offer for Sale | 25,457,555 shares of ₹5 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
HDFC AMC Company Financials
| Particulars | For the year/period ended (in Rs. Millions) | |||||
|---|---|---|---|---|---|---|
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 25,831.58 | 15,995.90 | 14,227.17 | 13,117.50 | 11,213.36 | 8,294.39 |
| Total Revenue | 13,167.21 | 15,879.10 | 14,943.42 | 10,642.76 | 9,031.14 | 7,839.76 |
| Profit After Tax | 4,955.55 | 5,502.46 | 4,778.80 | 4,155.00 | 3,577.70 | 3,187.46 |
HDFC AMC IPO Timeline
| IPO Open Date | Wednesday, July 25, 2018 |
| IPO Close Date | Friday, July 27, 2018 |
| Basis of Allotment | Wednesday, August 1, 2018 |
| Initiation of Refunds | Thursday, August 2, 2018 |
| Credit of Shares to Demat | Friday, August 3, 2018 |
| Listing Date | Monday, August 6, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 27, 2018 |
Company Profile
Founded in 1999 and situated in Mumbai, HDFC Asset Management Company (HDFC AMC) Limited has earned its place as a respected financial institution, providing specialized savings and investment solutions to a wide clientele. The Company’s IPO regulatory review also emphasizes how critical it is to be in compliance and transparent when dealing in public markets. According to CRISIL, as of December 31, 2017, HDFC AMC was the country’s most lucrative AMC in terms of net profits since Fiscal 2013, with a total AUM (Assets Under Management) of Rs 2,932.54 billion. Profits have
increased every year since 2002. It has been the largest AMC in equity-oriented AUM since the fourth quarter of fiscal 2011, and it has constantly been among the top two asset management companies in India in terms of overall average AUM since August 2008. HDFC AMC provides a diverse range of saving and investing options across asset classes. As of December 31, 2017, it offers 127 schemes categorised into
- 28 equity-oriented schemes
- 91 debt schemes
- 3 liquid schemes
- 5 other schemes (including exchange-traded schemes and funds of fund schemes).
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | einward.ris@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | HDFC Asset Management Company Limited |
| Phone number | +91 (22) 6631 3333 |
| Email ID | shareholders.relations@hdfcfund.com |
| Website | hdfcfund.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
