HDFC AMC to raise Rs28bn via IPO

HDFC Asset Management Company Ltd.

HDFC Asset Management Company (HDFC AMC) operate as a JV between Housing Development Finance Corporation (HDFC) and Standard Life Investments (SLI).

HDFC AMC is one of the most profitable asset management company in India with net profit since FY13, according to CRISIL. Company had total AUM of Rs2.92 trillion as on Mar 31, 2018 includes equity oriented AUM of Rs1.49 trillion and balance is non-equity oriented AUM.

Market share of total AUM in India as on Mar 31, 2018 was 13.7% and market share of actively managed equity companies in India at 16.8%.

Company provides large suite of savings and investment products across asset classes, which provide income and wealth creation opportunities to customers. Company offered 133 schemes classified into 27 equity-oriented schemes and 98 debt schemes (incl 73 fixed maturity plans), three liquid schemes and five other schemes on Mar 31, 2018, 

Management:

• Deepak Parekh, Chairman

• Piyush Surana, CFO

IPO Snapshot: 

Dates: 25-Jul-2018 to 27-Jul-2018

Face Value: Rs5/share

Price Band: Rs 1,095 - Rs 1,100/share

Discount: NIL

Bid lot: 13 shares and multiples

Mode of Payment: ASBA (Mandatory)

Listing: NSE & BSE

Issue Size: Rs280,000mnmn

QIB: 50% of the issue

NIB: 15% of the issue

Retail: 35% of the issue

Lead Manager: Kotak Mahindra Capital, Axis Capital, DSP Merrill Lynch, Citigroup Global Markets (I) Pvt. Ltd, CLSA India, HDFC Bank, ICICI Securities, IIFL Holdings, JM Financials, JP Morgan, Morgan Stanley, Nomura Financial

Registrar: Karvy Computershare Pvt. Ltd.

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