HDFC Asset Management Company IPO

Alchemist

Administrator
Staff member
#1
HDFC Asset Management Company IPO

The IPO opens tomorrow (25th July) and closes on 27th July 2018.

I haven't looked at the RHP but there is 30%-40% premium in the grey market.

From what I have read about it, it seems the IPO has been priced very attractively.

Most probably I will be applying for it.
 

Alchemist

Administrator
Staff member
#3
HDFC AMC'S 51% AUM are made up of equity investments. A significant correction in the market can erode both the AUM and earnings of the company.

Other than this overall market risk, I don't see any negative for this IPO.

Everyone should apply for this IPO, but no one should expect an allotment. It will get heavily subscribed.

My guess is the subscription will cross 15-20 times in retail category.

Most long-term investors will apply for this IPO. Many will pay a premium and buy post-listing.

The stock is expected to list at 1600+ levels. Supply-demand mismatch can take the stock even higher.
 

Alchemist

Administrator
Staff member
#4
HDFC AMC IPO got subscribed 83 times.

QIB category for 192 times subscription and NII category 195 times subscription.

Bumper listing expected.
 

paran

Active member
#8
Got an allotment 3/4.

3 are applied in share holder's category. Me too thinking to hold it for long term and however if the price goes to abnormal range I may exit it.
 
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