HDFC Asset Management Company Limited is going to lanch the IPO. The company has got approval for this from the market regulator Sebi. It is the country’s largest mutual fund company.
In March, the company had submitted documents related to the IPO to SEBI. On June 22, he got ‘Observation’. SEBI has given information about this. Observations of SEBI are essential for bringing any public issue including IPO, rights issue and FPO. HDFC is a joint venture between AMC Housing Development Finance Corporation (HDFC) and Standard Life Investments.
Company Read to sell Shares Details:
Under the proposed IPO, the company will sell 2.54 million equity shares. HDFC will sell 85.92 lakh shares in this While Standard Life will sell 1.68 crore shares. This sale will be through offer for sale. Under this issue, 2.21 crore shares will be sold to the common investors. 3.20 lakh shares have been reserved for the employees of HDFC AMC. Apart from this, 2.4 million shares are reserved for eligible HDFC shareholders.
Earlier, SEBI had postponed the proposed IPO of HDFC. By March, the AUM of HDFC AMC which was Asset Under Management was three lakh crores. After Reliance Nippon Life AMC it can become the second AMC to knock the year in the capital market.
Nomura Financial Advisory and Securities (India), Kotak Mahindra Capital, Axis Capital, BofA Merrill Lynch, Citigroup Global Markets India, CLSA India, HDFC Bank, ICICI Securities, IIFL Holdings, JM Financial, JP Morgan India, Morgan Stanley India. Management has been entrusted with responsibility. These book running lead managers are.
HDFC AMC IPO Reviews:
– Good for Short Term & Long Term. It is very good ipo to invest in this year of 2018. company’s assets & financial condition is very strong in stock market with good valuation..
HDFC Asset Management (AMC) IPO Details
|Subscription Dates||25 to 27 July 2018|
|Issue Price Band||INR 1095 – 1100|
|Minimum bid (lot size)||13 Shares|
|Minimum Lot Amount||Rs 14300|
|Face Value||INR 5 per share|
|IPO Size||INR 2800.33 Cr|
|Issue Type||Book Built Issue IPO|
|Listing At||BSE, NSE|
HDFC AMC IPO Financial Performance (in INR crore)
HDFC Asset Management (AMC) IPO Subscription Status
|Category||Day 1||Day 2||Day 3|
HDFC AMC IPO Prospectus:
- Draft Prospectus
- Red Herring Prospectus
HDFC AMC IPO Lead Manager(s):
- Axis Capital Limited
- BoA Merrill Lynch
- Citigroup Global Markets India Private Limited
- CLSA India Private Limited
- HDFC Bank Limited
- ICICI Securities Limited
- IIFL Holdings Limited
- J.P. Morgan India Private Limited
- JM Financial Consultants Private Limited
- Kotak Mahindra Capital Company Limited
Company Contact Information:
HDFC Asset Management Company Limited
HDFC House, 2nd Floor, H.T. Parekh Marg
165-166, Backbay Reclamation
Churchgate, Mumbai 400 020, Maharashtra,
Phone: +91 (22) 6631 3333
Fax: +91 (22) 6658 0203
Email: [email protected]
Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India
Email: [email protected]