Business description –HDFC AMC has been the most profitable asset management company in India in terms of net profits since Fiscal 2013, with a total AUM of INR2,932.54 billion as of 31 December 2017.
Its profits have grown every year since the first full year of operations in Fiscal 2002.
It has been the largest asset management company in India in terms of equity-oriented AUM since the last quarter of Fiscal 2011 and have consistently been among the top two asset management companies in India in terms of total average AUM since the month of August 2008.
As of 31 December 2017, its equity-oriented AUM and non-equity-oriented AUM constituted INR1,552.82 billion and INR1,379.72 billion, respectively, of its total AUM.
Its actively managed equity-oriented AUM (which excludes index linked and arbitrage schemes) constituted INR1,495.62 billion of its total AUM as of 31 December 2017.
Its AUM has grown at a compounded annual growth rate (“CAGR”) of 27.1% between 31 March 2013 and 31 December 2017.
Promoters of HDFC AMC – Housing Development Finance Corporation Limited and Standard Life Investments Limited
|HDFC AMC IPO details|
|Subscription Dates||25 – 27 July 2018|
|Price Band||INR1,095 – 1,100 per share|
|Offer For Sale||25,457,555 shares (INR2,787.60 – 2,800.33 crore)|
|Total IPO size||25,457,555 shares (INR2,787.60 – 2,800.33 crore)|
|Minimum bid (lot size)||13 shares|
|Face Value||INR5 per share|
|Listing On||NSE, BSE|
|HDFC AMC’s financial performance (in INR crore)|
|Profit after tax||318.7||357.8||415.5||477.9||550.2||721.6|
|Net margin (%)||40.7||39.6||39.0||32.0||34.6||38.6|
HDFC AMC Contact Details
HDFC Asset Management Company Limited
HDFC House, 2nd Floor, H.T.
165-166, Backbay Reclamation, Churchgate
Mumbai 400 020
Phone: +91 22 6631 3333
Fax: +91 22 6658 0203
Registrar of HDFC AMC IPO
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Valuation of HDFC AMC (Based on latest FY)
Earnings Per Share (EPS): INR34.96
Price/Earnings (P/E) ratio: 31.32 – 31.46
Return on Net Worth (RONW): 33.41%
Net Asset Value (NAV): INR102.58 per share
HDFC AMC IPO Subscription Details
HDFC AMC IPO Allotment Status
HDFC AMC IPO allotment status is now available on Karvy Computershare’s website.
Click on this linkto get allotment status.
Listing Performance of HDFC AMC
IPO Opening Date: 25 July 2018
IPO Closing Date: 27 July 2018
Finalisation of Basis of Allotment: 1 August 2018
Initiation of refunds: 2 August 2018
Transfer of shares to demat accounts: 3 August 2018
Listing Date: 6 August 2018
Listing Price on NSE: INR1,726.25 per share (up 56.93% from IPO price)
Closing Price on NSE: INR1,815.25 per share (up 65.02% from IPO price)