# Everything you need to know about the IPO of HDFC Asset Management Company Limited
**URL:** https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046
**Category:** IPOs
**Created:** [July 23, 2018, 8:23am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046 "2018-07-23T08:23:38Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@suresh](https://tradingqna.com/u/suresh)
#### Post date: [July 23, 2018, 8:23am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/1 "2018-07-23T08:23:38Z")
The IPO of HDFC Asset Management Company Limited opens on July 25th and closes on July 27th. The company is offering shares in the price band of Rs.1095 to Rs.1100.
**About HDFC Asset Management Company Limited**
Incorporated in 1999 HDFC Asset Management Company Limited is the second largest AMC in India. It is a joint venture between Housing Development Finance Corp Ltd (HDFC) and Standard Life Investments Ltd. It is the second largest AMC with 2.92 lakh crores of assets under management. HDFC AMC has also been the most profitable AMC in India since FY 13 according to ratings agency CRISIL.
**Purpose of the issue**
To get the benefits of listing on the stock exchanges. All the proceeds of the IPO will go to the selling shareholders.
**Shareholding pattern**
| Pre issue | | Post issue | | |
| --- | --- | --- | --- | --- |
| HDFC Ltd | 12,07,72,800 | 57% | 11,21,79,830 | 52.90% |
| Standard Life Inv | 8,05,15,200 | 38% | 6,36,50,615 | 30% |
| Public | 1,07,00,800 | 5% | 3,61,58,355 | 17.10% |
**Issue details**
The issue consists of an offer for sale (OFS) of 2.5 crore shares.
**IPO schedule**
Issue opens - July 25th
Issue close - July 27th
Face value - Rs.5
Issue size - Rs.2800 crores at the upper end of the price band.
Listing on both NSE and BSE
Retail portion - 35%
Bid lot - 13 shares
Basis of allotment - August 1
Refunds - August 2
Credit of shares - August 3
Listing - August 6
**Follow these steps to apply for an IPO**
> [@How to apply for an IPO with your Zerodha account?](https://tradingqna.com/t/how-to-apply-for-an-ipo-with-your-zerodha-account/10597):
>
> This is an example on how to apply for an IPO.
**Keep track of all the upcoming IPOs here**
> [@List of upcoming IPO's](https://tradingqna.com/t/list-of-upcoming-ipos/11400):
>
> Keep track of all the upcoming IPO issues.
**Are you applying for this IPO?**
_Poll ([view on site](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/1))_
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### Author:  [@ddas](https://tradingqna.com/u/ddas)
#### Post date: [July 25, 2018, 6:36am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/3 "2018-07-25T06:36:57Z")
Thanks to @suresh for his effort…🙂
Since the title is ‘Everything you need to know…’, I’m posting my doubt here instead of a new thread.
**Can I apply for the IPO in both the Individual and the Shareholder categories?**
The investor services department has mentioned,
> _In case Eligible HDFC Shareholders apply for Shares under both the HDFC Shareholders Reservation Portion and also in the non-reserved portion in excess of 169 Shares, their applications in both the categories will be treated as multiple applications and will be liable to be rejected._
and,
> _Please also note that Bids by Eligible HDFC Shareholders in the HDFC Shareholders Reservation Portion as well as in the Retail Portion shall not be treated as multiple Bids. However, Bids by a person in the HDFC Shareholders Reservation Portion as well as in the Non-Institutional Portion (generally referred as HNI portion) shall be treated as multiple Bids and therefore liable to be rejected._
With this information I assume one could apply for 1 lot in both the categories safely… I mean his applications would not be rejected.
Could someone help in understanding the situation?
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### Author:  [@MayankMishra](https://tradingqna.com/u/MayankMishra)
#### Post date: [July 25, 2018, 2:14pm UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/4 "2018-07-25T14:14:28Z")
I need to understand why an AMC needs to issue an IPO. Do they want to invest the public’s accumulated money in the funds or what?
> [@suresh](#):
>
> All the proceeds of the IPO will go to the selling shareholders.
Please explain this as well. What does it mean?
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### Author:  [@suresh](https://tradingqna.com/u/suresh)
#### Post date: [July 26, 2018, 7:17am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/5 "2018-07-26T07:17:16Z")
> [@ddas](#):
>
> With this information I assume one could apply for 1 lot in both the categories safely… I mean his applications would not be rejected.
>
> Could someone help in understanding the situation?
From whatever I could make out if you bid under the shareholder category is less than 2 lakhs it should be fine but I am not too sure.
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### Author:  [@suresh](https://tradingqna.com/u/suresh)
#### Post date: [July 26, 2018, 7:18am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/6 "2018-07-26T07:18:01Z")
> [@MayankMishra](#):
>
> Please explain this as well. What does it mean?
That means the money raised from the IPO will go to the HDFC bank and Standard Life. HDFC AMC won’t be getting anything.
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### Author:  [@MayankMishra](https://tradingqna.com/u/MayankMishra)
#### Post date: [July 26, 2018, 7:32am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/7 "2018-07-26T07:32:38Z")
Thanks.
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### Author:  [@ddas](https://tradingqna.com/u/ddas)
#### Post date: [July 26, 2018, 8:33am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/8 "2018-07-26T08:33:34Z")
I think its not HDFC Bank but **HDFC** and **Standard Life** would get the money…
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### Author:  [@suresh](https://tradingqna.com/u/suresh)
#### Post date: [July 26, 2018, 8:38am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/9 "2018-07-26T08:38:53Z")
> [@ddas](#):
>
> I think its not HDFC Bank but **HDFC** and **Standard Life** would get the money…
My Bad, It’s HDFC and not HDFC bank.
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### Author:  [@ravilukka](https://tradingqna.com/u/ravilukka)
#### Post date: [July 27, 2018, 10:11am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/10 "2018-07-27T10:11:52Z")
Hello,
I have an account in Zerodha and I applied for HDFC AMC IPO on 25th July through my Axis Bank account. and status I see over there is “The application has been accepted by Exchange” and my money is blocked. I didn’t get any message from NSE yet for IPO Application Number. more than 48 hours spent. Bank not giving any help for IPO. I want to know that is my application filled successfully or not? if yes then when can I get Application Number from NSE. Please help me. Thanks is Advance.
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### Author:  [@mac76](https://tradingqna.com/u/mac76)
#### Post date: [July 27, 2018, 12:32pm UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/11 "2018-07-27T12:32:12Z")
If the amount is blocked, then your application is accepted.
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### Author:  [@ravilukka](https://tradingqna.com/u/ravilukka)
#### Post date: [July 27, 2018, 12:45pm UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/12 "2018-07-27T12:45:53Z")
That’s fine. But Only problem is I didn’t received any mail or message for application number. Any idea about this?
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### Author:  [@sabkaview](https://tradingqna.com/u/sabkaview)
#### Post date: [July 27, 2018, 12:52pm UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/13 "2018-07-27T12:52:10Z")
it is an a fresh issue of equity shares but offer for sale by existing shareholders.so company will not get any money but selling shareholders.
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### Author:  [@mac76](https://tradingqna.com/u/mac76)
#### Post date: [July 27, 2018, 12:52pm UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/14 "2018-07-27T12:52:26Z")
I don’t apply through Axis Bank. My bank provides me with application number instantly but never received any email or SMS from NSE.
Don’t worry! Just see if a lien amount is present on your Axis bank account. You can also check the status after few days on share registrar’s website.
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### Author:  [@sabkaview](https://tradingqna.com/u/sabkaview)
#### Post date: [July 27, 2018, 12:52pm UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/15 "2018-07-27T12:52:58Z")
i mean it is NOT A FRESH ISSUE OF EQUITY SHARES …
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### Author:  [@sabkaview](https://tradingqna.com/u/sabkaview)
#### Post date: [July 27, 2018, 12:55pm UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/16 "2018-07-27T12:55:03Z")
It clearly means if eligible one can apply in hdfc shareholders reserved quota PLUS maximum up to 169 share in non reserved quota.
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### Author:  [@ravilukka](https://tradingqna.com/u/ravilukka)
#### Post date: [July 27, 2018, 1:15pm UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/17 "2018-07-27T13:15:43Z")
I got message while applied for RITES LTD. That’s only why I am worried about. Anyways Thanks for your reply.
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### Author:  [@VigeVet](https://tradingqna.com/u/VigeVet)
#### Post date: [July 29, 2018, 3:24am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/18 "2018-07-29T03:24:40Z")
hi guys, can i kindly know, what may be the the cut off price or the issue price, u r expecting for this ipo…
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### Author:  [@mac76](https://tradingqna.com/u/mac76)
#### Post date: [July 29, 2018, 4:10am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/19 "2018-07-29T04:10:14Z")
Upper price band i.e. Rs. 1100
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### Author:  [@VigeVet](https://tradingqna.com/u/VigeVet)
#### Post date: [July 29, 2018, 4:23am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/20 "2018-07-29T04:23:55Z")
well @mac76 , all who quoted for 1100 Rs will get the shares know.
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### Author:  [@sabkaview](https://tradingqna.com/u/sabkaview)
#### Post date: [July 29, 2018, 4:39am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-the-ipo-of-hdfc-asset-management-company-limited/43046/21 "2018-07-29T04:39:16Z")
NO. all who applied @ 1100 will not get allotment .The offer oversubscribed by 83.06 times as per data available on the NSE.
The reserved portion of qualified institutional investors oversubscribed by 192.26 times,
non-institutional investors 195.15 times and
retail 6.73 times.
The issue received bids worth Rs 1.72 lakh crore against the IPO size of Rs 2,800 crore.
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