HDFC Asset Management Company Limited IPO
Mainboard₹ 14300 /13 Shares
25 Jul, 2018
Open Date27 Jul, 2018
Close Date02 Aug, 2018
Allotment Date06 Aug, 2018
Listing DateIPO Issue Details
- Issue Price Rs 1095 - Rs 1100 Per Equity Share
- Face Value Rs 5 Per Equity Share
- Issue Price Offer for Sale of 2,54,57,555 Equity Shares of Rs 5 each at price of Rs 1095 - Rs 1100 aggregating up to Rs 2800.33 Cr
- Listing at NSE, BSE ( B - Group )
- Lead Manager Kotak Mahindra Capital Company Limited, Axis Capital Limited, DSP Merrill Lynch Limited, Citigroup Global Markets India Private Limited, CLSA India Private Limited, HDFC Bank Limited, ICICI Securities Limited, IIFL Holdings Limited, JM Financial Limited, J.P. Morgan India Private Limited, Morgan Stanley India Company Private Limited AND Nomura Financial Advisory and Securities (India) Private Limited
- Registrar Karvy Computershare Private Limited
IPO Details
- Retail Portion N/A
IPO Details
The IPO of is priced at ₹1095 - 1100 per equity share, which has a face value of Rs 5 Per Equity Share each, IPO bidding starts from Jul 25, 2018 and ends on Jul 27, 2018. The allotment for IPO will be finalized on Aug 2, 2018. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 6, 2018. The company shall list its equity shares on the NSE, BSE ( B - Group ). Karvy Computershare Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are Kotak Mahindra Capital Company Limited, Axis Capital Limited, DSP Merrill Lynch Limited, Citigroup Global Markets India Private Limited, CLSA India Private Limited, HDFC Bank Limited, ICICI Securities Limited, IIFL Holdings Limited, JM Financial Limited, J.P. Morgan India Private Limited, Morgan Stanley India Company Private Limited AND Nomura Financial Advisory and Securities (India) Private Limited.
The IPO sets its price band at 1095 - 1100 for each share. A single application for HDFC Asset Management Company Limited IPO must contain at least 13 shares.
IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 44,35,511 | 33,26,634 | 77,62,145 | 1,88,04,290 |
Day 1 25-07-18 | 52,57,668 1.19 x | 18,25,265 0.55 | 1,04,02,340 1.34 x | 1,93,96,884 1.03 x |
Day 2 26-07-18 | 2,61,28,596 5.89 x | 4,62,71,277 13.91 | 2,72,03,657 3.50 x | 10,38,77,982 5.53 x |
Day 3 27-07-18 | 85,27,59,362 192.26 x | 64,91,83,951 195.15 | 5,22,27,734 6.73 x | 1,56,19,61,661 83.06 x |
Valuations
IPO - Issue Objectives
Offer for Sale(a) To carry out the disinvestment of 2,54,57,555 Equity Shares by the Selling Shareholder in the company.(b) To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| HDFC AMC Limited | 10.72 | 31.46 | 33.41% | 1867.25 |
| Reliance Nippon Life Asset Management Limited | 6.04 | 26.86 | 22.49% | 1586.00 |
IPO - FAQs
Ans. HDFC Asset Management Company Limited IPO is a Mainboard IPO. The issue is priced at Rs 1095 - Rs 1100 Per Equity Share. The minimum order quantity is 13 Shares. The IPO opens on Jul 25, 2018, and closes on Jul 27, 2018. Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE ( B - Group ).
Ans. The HDFC Asset Management Company Limited IPO opens on Jul 25, 2018 and closes on Jul 27, 2018.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of HDFC Asset Management Company Limited IPO is Offer for Sale of 2,54,57,555 Equity Shares of Rs 5 each at price of Rs 1095 - Rs 1100 aggregating up to Rs 2800.33 Cr.
Ans. The HDFC Asset Management Company Limited IPO price band is set between Rs 1095 - Rs 1100 Per Equity Share.
Ans. To apply for HDFC Asset Management Company Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find HDFC Asset Management Company Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of HDFC Asset Management Company Limited IPO is Aug 2, 2018.
Ans. The HDFC Asset Management Company Limited IPO will be listed on Aug 6, 2018.
Ans. Follow the steps to check the HDFC Asset Management Company Limited IPO allotment status online.
