HDFC Asset Management Company (HDFC AMC), the joint venture between Housing Development Finance Corporation and Standard Life Investments, will open its initial public offering for subscription today.
Peer Comparison
The issue closes on July 27, 2018. The price band for the offer is fixed between Rs 1,095 and Rs 1,100 per share.
The company aims to raise Rs 2,787.6 crore at the lower end of price band and Rs 2,800.33 crore at higher price band.
The expected market captialisation is between Rs 23,212.8 crore and Rs 23,312.8 crore.
Top 5 AMC’s based on quarterly average AUM
After the IPO, HDFC Ltd's holding will come down by 4.05 percent to 52.92 percent from 56.97 percent.
Another promoter Standard Life Investments' holding will come down by 7.95 percent to 30.03 percent from 37.98 percent.
As of first-quarter of FY19 HDFC AMC's average asset under management (AUM) stands at Rs 3,07,585 crore.
Distribution mix of all funds (FY18)
Distribution mix of equity oriented schemes (FY18)
The Strength Of HDFC AMC
Opportunities
Weakness
Threats
Company Background
HDFC AMC is the joint venture between HDFC and Standard Life Investment. Through organic growth and acquisitions (Zurich India, Morgan Stanley MF), HDFC AMC became one of the top AMCs in the country, with a significant 13 percent market share in the industry. The company enjoys a 51.3 percent share of high-yielding equity assets in its AUM mix, which is higher than the industry average of 43.2 percent.
First Published: Jul 25, 2018 12:30 PM IST
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