HDFC Asset Management Company IPO
HDFC Asset Management Company Limited (HDFCAMC) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 06 August 2018.
Issue details
Listing day
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 44,35,511 | 85,27,59,362 | 192x | |
| NII (HNI) total | 33,26,634 | 64,91,83,951 | 195x | |
| Retail | 77,62,145 | 5,22,27,734 | 6.73x | |
| Employees | 8,80,000 | 13,34,411 | 1.52x | |
| Shareholders | 24,00,000 | 64,56,203 | 2.69x | |
| Total | 1,88,04,290 | 1,56,19,61,661 | 83.1x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 3% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to HDFC Asset Management Company's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Avenue SupermartsMar 2017 | 145x | 278x | 7.51x | 105x | ₹1,895 Cr | +100.7% | +117.0% |
| Godrej AgrovetOct 2017 | 151x | 236x | 7.67x | 95.4x | ₹1,180 Cr | +33.8% | +37.0% |
| Reliance Nippon Life Asset ManagementOct 2017 | 118x | 209x | 5.65x | 81.5x | ₹1,542 Cr | +17.4% | +18.6% |
| RBL BankAug 2016 | 85.1x | 198x | 5.70x | 69.6x | ₹1,219 Cr | +21.9% | +35.8% |
| Dixon Technologies (India)Sep 2017 | 135x | 346x | 10.6x | 118x | ₹600 Cr | +54.3% | +71.2% |
| AU Small Finance BankJun 2017 | 78.8x | 144x | 3.52x | 53.6x | ₹1,913 Cr | +48.0% | +52.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Axis Capital | 107 | +20.4% | 73% |
| DSP Merrill Lynch | — | — | — |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| CLSA India | 10 | +23.5% | 70% |
| HDFC Bank | 16 | +15.8% | 75% |
| ICICI Securities | 109 | +21.3% | 69% |
| IIFL Holdings | — | — | — |
| JM Financial | 109 | +22.8% | 75% |
| J.P. Morgan India | 27 | +17.4% | 74% |
| Morgan Stanley India Company | 24 | +13.9% | 67% |
| Nomura Financial Advisory and Securities (India) | 27 | +16.0% | 56% |
Offer documents (NSE)
Frequently asked
What is the HDFC Asset Management Company IPO price band and lot size? ₹1,095–1,100 per share, with a lot of 13 shares, so the smallest retail bid is ₹14,300.
How many times has it been subscribed? 83.1x overall: QIB 192x, NII 195x, retail 6.73x, employees 1.52x.
How did it list? It opened at ₹1,726, +56.9% against the issue price of ₹1,100, and closed its first day +65.1%.
