IPO Guru
IPO Guru
Bajaj
Closed Mainboard

HDFC AMC IPO

HDFC AMC IPO — date, price band, lot size & details 2018

HDFC AMC listed on 6 Aug 2018 at ₹1,726.25, 56.9% above the ₹1,100 issue price.

HDFC Asset Management Company is a Mumbai based fund house, a joint venture of HDFC and Standard Life Investments, offering savings and investment products. Its total income was Rs 1,867.25 crore in FY2018.

Stock price

HDFC AMC is listed — here is the live share price.

Loading market data…
Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 14 November.

Key dates Listed
  1. Open 25 Jul 2018
  2. Close 27 Jul 2018
  3. Allotment 01 Aug 2018
  4. Refund/credit 02 Aug 2018
  5. Listing 06 Aug 2018

Issue summary

The terms of the offer, as filed.

IPO Dates 25 to 27 Jul, 2018
Price Band ₹1095 – ₹1100
Face Value ₹5
Lot Size 13 Shares
Issue Size ₹2800.33 Cr
Sale Type OFS only
Listing On BSE, NSE
Registrar KFin Technologies Limited
Min Investment ₹ 14,300
Reservation
QIB 50%
NII 15%
Retail 35%
Employee 3.46%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 13 shares at the ₹1100 cut-off. Drag to size your application.

shares
1 lot lots
If it lists at today's grey market premium of ₹625
on
Grey market premium is an unofficial, unregulated indicator. It is not a forecast.
Application Lots Shares Amount
Retail (min) 1 13 ₹14,300
Retail (max) 13 169 ₹1,85,900
S-HNI (min) 14 182 ₹2,00,200
S-HNI (max) 69 897 ₹9,86,700
B-HNI (min) 70 910 ₹10,01,000

Strengths & risks

Drawn from the offer document — the case for and against, side by side.

Strengths · 4

  • 01Total income rose from Rs 1,494.34 crore in FY2016 to Rs 1,867.25 crore in FY2018.
  • 02Profit after tax rose from Rs 477.88 crore in FY2016 to Rs 721.62 crore in FY2018.
  • 03Net worth rose from Rs 1,151.22 crore in FY2016 to Rs 2,159.97 crore in FY2018.
  • 04It is backed by HDFC and Standard Life Aberdeen, which held 82.95% after the issue.

Risks · 5

  • 01Fees depend on assets under management, which fall when markets fall; total assets were Rs 2,370.62 crore.
  • 02SEBI can change the fees funds charge, which can squeeze AMC margins; profit was Rs 550.25 crore in FY2017.
  • 03Fund flows can move to passive funds and rivals; total income rose only from Rs 1,587.91 crore in FY2017.
  • 04The whole Rs 2,800.33 crore issue was an offer for sale, so none of it went to the company.
  • 05The promoters held 94.95% before the issue and 82.95% after it.

Three years of numbers

All figures in ₹ crore, as reported in the HDFC AMC offer document.

Total income
1,867.25
1,494
1,588
1,867
31 Mar 201631 Mar 201731 Mar 2018
Profit after tax
721.62
478
550
722
31 Mar 201631 Mar 201731 Mar 2018
Net worth
2,159.97
1,151
1,423
2,160
31 Mar 201631 Mar 201731 Mar 2018
Metric 31 Mar 2018 31 Mar 2017 31 Mar 2016
Assets 2,370.62 1,599.59 1,422.72
Total Income 1,867.25 1,587.91 1,494.34
Profit After Tax 721.62 550.25 477.88
NET Worth 2,159.97 1,422.94 1,151.22
Reserves and Surplus 2,054.69 1,397.77 1,126.06

See how this IPO compares — view listing performance of all mainboard IPOs.

Where the money goes

How the company intends to use the proceeds of the issue.

Information about the usage of proceeds from the HDFC AMC IPO will be updated shortly.

HDFC AMC IPO Anchor Investors

61 anchor investors across 20 fund houses committed ₹731.85 Cr a day before the issue opened.

Anchor Investor Fund House Shares Amount (₹ Cr) % of Anchor Book
ICICI Prudential Capital Protection Fund Series Vii Plan H - 1284 Days ICICI Prudential Mutual Fund 15,470 1.70 0.23%
ICICI Prudential Capital Protection Fund Series Viii Plan A - 1300 Days ICICI Prudential Mutual Fund 23,595 2.60 0.35%
ICICI Prudential Capital Protection Oriented Fund Series Ix Plan A - 1101 Days ICICI Prudential Mutual Fund 33,930 3.73 0.51%
ICICI Prudential Capital Protection Oriented Fund - Series Ix - 1120 Days Plan F ICICI Prudential Mutual Fund 12,727 1.40 0.19%
ICICI Prudential Capital Protection Fund Series 8 - 1290 Days Plan I ICICI Prudential Mutual Fund 1,560 0.17 0.02%
ICICI Prudential Capital Protection Fund Series 8 - 1284 Days Plan - J ICICI Prudential Mutual Fund 7,085 0.78 0.11%
ICICI Prudential Capital Protection Fund Series Ix Plan - C - 1195 Days ICICI Prudential Mutual Fund 15,964 1.76 0.24%
ICICI Prudential Capital Protection Fund Series Vi - 1825 Days Plan - C ICICI Prudential Mutual Fund 4,511 0.50 0.07%
ICICI Prudential Multiple Yield Fund Series Vii - 1825 Days Plan - B ICICI Prudential Mutual Fund 6,318 0.69 0.09%
ICICI Prudential Multiple Yield Fund Series Vii 1825 Days Plan C ICICI Prudential Mutual Fund 15,236 1.68 0.23%
ICICI Prudential Business Cycle Fund Series 1 ICICI Prudential Mutual Fund 61,178 6.73 0.92%
ICICI Prudential India Recovery Fund - Series 1 ICICI Prudential Mutual Fund 51,090 5.62 0.77%
ICICI Prudential Value Fund - Series 10 ICICI Prudential Mutual Fund 37,726 4.15 0.57%
ICICI Prudential Value Fund - Series 5 ICICI Prudential Mutual Fund 4,537 0.50 0.07%
ICICI Prudential Value Fund - Series 9 ICICI Prudential Mutual Fund 27,261 3.00 0.41%
SBI Life Insurance Company Limited SBI Life Insurance 172,731 19.00 2.60%
Ashoka India Equity Investment Trust Plc Ashoka 87,191 9.59 1.31%
UTI - Banking And Financial Services Fund UTI Mutual Fund 87,191 9.59 1.31%
Smallcap World Fund, Inc Smallcap World Fund 636,376 70.00 9.56%
National Pension Service Managed By Blackrock Institutional Trust Company, Na - 172,731 19.00 2.60%
Carmignac Portfolio Carmignac 172,731 19.00 2.60%
Ab Fcp I - Emerging Markets Growth Portfolio - 87,191 9.59 1.31%
DSP Blackrock Focus Fund DSP Mutual Fund 87,191 9.59 1.31%
Df International Partners - 55,978 6.16 0.84%
Reliance Capital Trustee Co. Ltd A/C Reliance Banking Fund Nippon India Mutual Fund 318,188 35.00 4.78%
Kotak Debt Hybrid Kotak Mahindra Mutual Fund 9,087 1.00 0.14%
Kotak Emerging Equity Scheme Kotak Mahindra Mutual Fund 53,729 5.91 0.81%
Kotak Equity Opportunities Fund Kotak Mahindra Mutual Fund 51,636 5.68 0.78%
Kotak India Eq Contra Fund Kotak Mahindra Mutual Fund 32,461 3.57 0.49%
Kotak India Growth Fund Series 5 Kotak Mahindra Mutual Fund 25,818 2.84 0.39%
L And T Mutual Fund Trustee Limited -L And T Large And Midcap Fund L&T Mutual Fund 172,731 19.00 2.60%
Camas Investments Pte Limited - 318,188 35.00 4.78%
IIFL Focused Equity Fund 360 One 172,731 19.00 2.60%
Franklin Templeton Mutual Fund A/C Franklin India Prima Fund Franklin Templeton Mutual Fund 172,731 19.00 2.60%
Auburn Limited - 87,191 9.59 1.31%
Aditya Birla Sunlife Trustee Private Limited A/C Aditya Birla Sunlife Midcap Fund Aditya Birla Sun Life Mutual Fund 90,922 10.00 1.37%
Aditya Birla Sunlife Trustee Private Limited A/C Aditya Birla Sunlife Banking And Financial Services Fund Aditya Birla Sun Life Mutual Fund 90,922 10.00 1.37%
Aditya Birla Sunlife Trustee Private Limited A/C Aditya Birla Sunlife Balanced Advantage Fund Aditya Birla Sun Life Mutual Fund 136,344 15.00 2.05%
Reliance Strategic Investments Limited - 318,188 35.00 4.78%
Fidelity Investment Trust - Fidelity Diversified International Fund Fidelity 114,803 12.63 1.73%
Fidelity Investment Trust: Fidelity Series International Growth Fund Fidelity 102,999 11.33 1.55%
Fidelity Investment Trust Fidelity Series Emerging Markets Fund Fidelity 100,386 11.04 1.51%
HSBC Indian Equity Mother Fund HSBC 172,731 19.00 2.60%
Jupiter South Asia Investment Company Limited - South Access Fund - 87,191 9.59 1.31%
Fil Investments (Mauritius) Ltd - 318,188 35.00 4.78%
SBI Large And Mid Cap Fund SBI Mutual Fund 118,170 13.00 1.78%
SBI Small Cap Fund SBI Mutual Fund 118,170 13.00 1.78%
SBI Resurgent India Opportunities Scheme SBI Mutual Fund 45,461 5.00 0.68%
SBI Long Term Advantage Fund - Series Vi SBI Mutual Fund 20,462 2.25 0.31%
SBI Magnum Children's Benefit Fund SBI Mutual Fund 9,100 1.00 0.14%
SBI Equity Opportunities Fund Series I SBI Mutual Fund 6,825 0.75 0.10%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund Axis Mutual Fund 218,192 24.00 3.28%
Goldman Sachs India Limited Goldman Sachs 172,731 19.00 2.60%
The Regents Of The University Of California-State Street Global Advisors - 172,731 19.00 2.60%
Generation Im Asia Fund Lp - 87,191 9.59 1.31%
BNP Paribas Mutual Fund A/C BNP Paribas Arbitrage Fund Baroda BNP Paribas Mutual Fund 29,387 3.23 0.44%
BNP Paribas Mutual Fund A/C BNP Paribas Multi Cap Fund Baroda BNP Paribas Mutual Fund 32,896 3.62 0.49%
Columbia Emerging Markets Fund - 87,191 9.59 1.31%
Goldman Sachs (Singapore) Pte Goldman Sachs 335,928 36.95 5.05%
ABU Dhabi Investment Authority - Relval - 318,188 35.00 4.78%
Tvf Fund Limited - 55,978 6.16 0.84%
Total anchor allocation 731.85

Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.

About the company

HDFC Asset Management Company Limited is a Mumbai based fund house offering savings and investment products. Its promoters are HDFC and Standard Life Investments.

It is a joint venture between Housing Development Finance Corporation and Standard Life Investments.

Standard Life Investments is part of Standard Life Aberdeen plc, one of the world's largest investment companies.

The IPO was Rs 2,800.33 crore and was entirely an offer for sale at Rs 1,100, the top of the Rs 1,095 to Rs 1,100 band, so the company received no money.

Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.

Promoters
HDFC and Standard Life Investments
Promoter holding
94.95% → 82.95%
Pre-issue → post-issue

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
JM Financial Ltd. View track record →
Book-running lead manager
Axis Capital View track record →
Book-running lead manager
ICICI Securities View track record →
Book-running lead manager
Kotak Mahindra Capital Company Limited View track record →
Book-running lead manager
IIFL Capital Services Limited View track record →
Book-running lead manager
Bofa Securities India Limited View track record →
Book-running lead manager
HDFC Bank Limited View track record →
Book-running lead manager
Morgan Stanley India Co. Pvt. Ltd View track record →
Book-running lead manager
JP Morgan India Pvt. Ltd View track record →
Book-running lead manager
Citigroup Global Markets India Pvt. Ltd View track record →
Book-running lead manager
Nomura Financial Advisory & Securities (India) Pvt. Ltd View track record →
Book-running lead manager
CLSA India Pvt. Ltd View track record →
Red Herring Prospectus
SEBI filing
Final offer document — price band, financials and risk factors. This page is built from it.
Open the RHP
Anchor allocation
Exchange filing
The anchor book as filed with the exchange a day before the issue opened.
Open the filing

HDFC AMC IPO Documents

Read the filings this page is built from.

Red Herring Prospectus (RHP) Final offer document — price band, financials, risk factors Anchor Investor Allocation Exchange filing listing the anchor book

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

JM Financial Ltd.

172 issues handled
Listed in Profit 73.8% 127 of 172 listed
Avg Listing Gain +18.8% across 172 issues
Listed Below Issue 45 of 172 listed

Best listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).

Axis Capital

255 issues handled
Listed in Profit 73.2% 186 of 254 listed
Avg Listing Gain +19.5% across 254 issues
Listed Below Issue 68 of 254 listed

Best listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).

ICICI Securities

221 issues handled
Listed in Profit 67.9% 150 of 221 listed
Avg Listing Gain +17.4% across 221 issues
Listed Below Issue 71 of 221 listed

Best listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).

Kotak Mahindra Capital Company Limited

204 issues handled
Listed in Profit 75.5% 154 of 204 listed
Avg Listing Gain +18.5% across 204 issues
Listed Below Issue 50 of 204 listed

Best listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).

IIFL Capital Services Limited

146 issues handled
Listed in Profit 69% 100 of 145 listed
Avg Listing Gain +15.9% across 145 issues
Listed Below Issue 45 of 145 listed

Best listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).

Bofa Securities India Limited

64 issues handled
Listed in Profit 79.7% 51 of 64 listed
Avg Listing Gain +22.8% across 64 issues
Listed Below Issue 13 of 64 listed

Best listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).

HDFC Bank Limited

34 issues handled
Listed in Profit 73.5% 25 of 34 listed
Avg Listing Gain +15.9% across 34 issues
Listed Below Issue 9 of 34 listed

Best listing: G R Infraprojects (+105.0%). Weakest: Precision Camshafts (-11.3%).

Morgan Stanley India Co. Pvt. Ltd

36 issues handled
Listed in Profit 77.8% 28 of 36 listed
Avg Listing Gain +13.1% across 36 issues
Listed Below Issue 8 of 36 listed

Best listing: Nykaa (+79.4%). Weakest: KSK Energy Ventures (-12.5%).

JP Morgan India Pvt. Ltd

41 issues handled
Listed in Profit 75.6% 31 of 41 listed
Avg Listing Gain +15.5% across 41 issues
Listed Below Issue 10 of 41 listed

Best listing: Premier Energies (+120.0%). Weakest: Nuvoco Vistas Corporation (-14.9%).

Citigroup Global Markets India Pvt. Ltd

74 issues handled
Listed in Profit 68.9% 51 of 74 listed
Avg Listing Gain +15.3% across 74 issues
Listed Below Issue 23 of 74 listed

Best listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).

Nomura Financial Advisory & Securities (India) Pvt. Ltd

37 issues handled
Listed in Profit 62.2% 23 of 37 listed
Avg Listing Gain +16.3% across 37 issues
Listed Below Issue 14 of 37 listed

Best listing: Happiest Minds Technologies (+110.8%). Weakest: Shriram Properties (-23.7%).

CLSA India Pvt. Ltd

18 issues handled
Listed in Profit 66.7% 12 of 18 listed
Avg Listing Gain +19.8% across 18 issues
Listed Below Issue 6 of 18 listed

Best listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
HDFC Asset Management Company
Email

Frequently asked

What is the GMP of HDFC AMC?

The current Grey Market Premium is ₹625, or 57% over the issue price.

What is the HDFC AMC IPO price band?

₹1095 to ₹1100, on a face value of ₹5.

When is the allotment?

The basis of allotment is 1 August 2018, with listing on 6 August 2018.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.

HDFC AMC IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.

Join the WhatsApp channel All mainboard IPOs

Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹625
Subscribed
82.99×
Min bid
₹14,300
Size my application
Advertisement