HDFC Asset Management Company Limited IPO

Add to Calendar 2018-07-25 12:00 AM 2018-07-27 12:00 AM Asia/Kolkata HDFC Asset Management Company Limited IPO HDFC Asset Management Company Limited India

HDFC Asset Management Company Limited was incorporated on 10th December, 1999 under Companies Act, 1956 in the state of Maharashtra. It functions as a joint undertaking in between Housing Development Finance Corporation Limited (“HDFC”) and Standard Life Investments Limited (“SLI”). It currently offers a large stack of savings and investment products across diversified asset classes, which provides income and wealth creation opportunities to its customers.

Date of Establishment: HDFC Asset Management Company Limited was incorporated on 10th of December 1999 under Companies Act 1956, pursuant to a certificate of incorporation granted by Registrar of Companies in Maharashtra. It obtained a certificate for commencement of its business on the 9th of March 2000.

Promoter of HDFC Asset Management Limited: Housing Development Finance Corporation Limited (HDFC) and Standard Life Investments Limited (SLI) are the promoters of HDFC Asset Management Limited.

Product and services offering: HDFC Asset Management Limited offers a vast range of savings and investment products across diversified asset classes. As of 31st December 2017 they have offered 127 schemes that were classified into 28 equity-oriented schemes, 91 debt schemes (including 65 FMP’s), 3 liquid schemes and 5 other schemes (including exchange-traded schemes and funds of fund schemes). They also provide portfolio management and segregated account services which includes discretionary, non-discretionary and advisory services. Their segments of product include:

-Equity-oriented scheme.

-Debt scheme.

-Liquid schemes.

-Other schemes.

Customer segments: HDFC Asset Management Limited has a wide and diversified customer segment, whichincludes individuals, domestic corporate, trusts, and provident funds as well as domestic and global institution spread throughout the country as well as outside the country.

Objects of HDFC Asset Management Limited: The objects of HDFC Asset Management Limited are:

-To carry out the sale of Equity Shares offered for sale by Selling Shareholders.

-To achieve the benefits of listing of Equity Shares on Stock Exchanges.

Company Financials:

Summary of financial Information (Restated)

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

Issue Detail

  • Issue Open: Jul 25, 2018
  • Issue Close: Jul 27, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 5 Per Equity Share
  • Price Band: Rs 1095-Rs 1100 Per Equity Share
  • Bid Lot:13 Shares
  • Minimum Order Quantity:13 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 2,800 Crores

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 4,435,511 3,326,634 7,762,145 880,000 2,400,000 18,804,290
Day 1 - Jul 25, 2018IST 5,257,668 1,794,923 10,359,206 473,642 1,436,292 19,321,731
Day 2 - Jul 26, 2018IST 26,128,596 46,267,585 27,172,860 907,764 3,280,745 103,757,550
Day 3 - Jul 27, 2018IST 852,759,362 649,183,951 49,148,736 1,210,937 6,090,955 1,558,393,941

Listing Day Trading Information

- BSE NSE
Issue Price 1100.00 1100.00
Open 1739.00 1726.25
Low 1730.00 1726.25
High 1842.95 1844.00
Last Trade 1815.15 1815.95
Volume 3,076,982 19,305,566

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Frequently Asked Questions

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