HDFC IPO

 

Important Information related to HDFC AMC IPO or HDFC Mutual Fund IPO

(i) HDFC AMC (Asset Management Company) Limited (AMC), also known as HDFC Mutual Fund, was incorporated under the Companies Act, 1956, on December 10, 1999, and was approved to act as an Asset Management Company for the HDFC Mutual Fund by SEBI vide its letter dated July 3, 2000.

(ii) The Company has been the most profitable asset management company in India in terms of net profits since Fiscal 2013, with a total AUM of ₹2,932.54 billion as of December 31, 2017 of which equity-oriented AUM and non-equity-oriented AUM constituted ₹1,552.82 billion and ₹1,379.72 billion.

(iii) The company 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.

(iv)  The AUM has grown at a Compounded Annual Growth Rate (“CAGR”) of 27.1% between March 31, 2013 and December 31, 2017. The proportion of equity-oriented AUM to total AUM was at 53.0%, which was higher than the industry average of 44.1%, as of December 31, 2017.

(v) The company has an established track record of delivering robust financial performance. The total Revenue increased from ₹7,83.976 Cr in Fiscal 2013 to ₹15,87.910 Cr in Fiscal 2017, with a CAGR of 19.3%, and the Net profit has grown from ₹3,18.746 Cr to ₹5,50.246 Cr during the same period at a CAGR of 14.6%. The Dividend Payout Ratio increased from 40% in Fiscal 2013 to 51% in Fiscal 2017 and they have paid a dividend of ₹2,31.535 Cr in Fiscal 2017 compared to ₹1,11.060 Cr in Fiscal 2013.

Competitive Strengths
a) Consistent market leadership position in the Indian mutual fund industry.
Trusted brand and strong parentage.
b) Strong investment performance supported by comprehensive investment philosophy and risk management.
c) Superior and diversified product mix distributed through a multi-channel distribution network.
d) Focus on individual customers and customer-centric approach.
e) Consistent profitable growth.
f) Experienced and stable management and investment teams.

Objects of the HDFC AMC Limited IPO:

It is a pure OFS vide which existing shareholders i.e HDFC Limited and Standard Life Investment are selling 25,457,555 no. of shares to the Public. 1. HDFC Limited is selling 8,592,970 EQUITY SHARES 2. STANDARD LIFE INVESTMENTS LIMITED selling 16,864,585 EQUITY SHARES.

Grey Market Premium of HDFC AMC Limited IPO

DRHP of HDFC AMC Limited IPO

HDFC AMC Limited IPO Details:

Current GMP:	545-550
Open Date:	Jul 25 2018
Close Date:	Jul 27 2018
Total Shares:	25,457,555
Face Value:	₹ 5 Per Equity Share
Issue Size:	2800 Cr.
Lot Size:	13 Shares
Issue Price:	₹ 1095-1100 Per Equity Share
Listing At:	NSE,BSE
Listing Date:	Aug 06 2018

Promoters And Management:

Promoters of HDFC AMC Limited Company are: (i) The Promoters of the Company are HDFC Limited and Standard Life Investments. As on the date of this Draft Red Herring Prospectus, HDFC holds 120,772,800 Equity Shares and Standard Life Investments holds 80,515,200 Equity Shares, which constitutes 57.36% and 38.24%, respectively, of the Company’s pre-Offer, issued, subscribed and paid-up Equity Share capital.

Capital Structure:

(i) Authorized Share Capital a) 600,000,000 Equity Shares of ₹5 each	300 Cr
b) 50,000,000 preference shares of ₹10 each	50 Cr
(ii) Issued, Subscribed,& Paid-up Share Capital Before Issue 210,555,200 Equity Shares of ₹5 each	105.2 Cr
(iii) Present Issue OFS to public (  25,457,555 Shares at FV@5)	12.72 Cr
Which Includes a) HDFC AMC Employee Reservation of 320,000 Equity Shares FV@5	1.25%
b) HDFC Employee Reservation of 560,000 Equity Shares FV@5	2.19%
c) HDFC Shareholders Reservation of 2,400,000 Equity Shares FV@5	9.42%
(iv) Reservation for QIB [11088777 no. of Shares]	43.5%
(v) Reservation for HNI[3326633 no. of Shares]	13%
(vi) Reservation for Retail[7762144 no. of Shares]	30%
(vii) Paid Up Share Capital after the issue	105.2 Cr