HDFC AMC IPO is a must apply for the following reasons:

HDFC AMC (Asset Management Company) also known as HDFC Mutual Fund was incorporated in December, 1999. The company has been the most profitable asset management company in terms of Net Profit since Fiscal 2013. The profit of the company has consistently grown every year since 2002. The company is handling the AUM of more than Rs. 2932 billion of which Equity oriented AUM and Non-Equity oriented AUM constitutes around Rs. 1552.82 billion and Rs. 1379.72 billion. The company has been the largest Asset management company in India in terms of Equity oriented AUM since last quarter of Fiscal 2011. The AUM has grown at CAGR of 27.10% between March-2013 and December-2017. The company offers a wide range of savings and investment products across asset classes. As of December 2017, the company is offering 127 schemes in different classes. The company also provides Portfolio Management and segregated account services to HNI’s, family offices, Trusts, Domestic corporate and Provident Funds etc.

Issue Open date: July 25, 2018

Issue Close date: July 27,2018

Total Shares: 25,457,555

Face Value: Rs. 5 per equity share

Issue Size: Rs. 2800 crore

Lot Size: 13 shares

Issue Price: Rs. 1095 – 1100 per equity share