- August 12, 2018
- Posted by: Umesh Paliwal
- Categories: Blog, Featured
How many among us were confused and asking questions regarding shareholders eligibility criteria during HDFC AMC IPO?
How many among us were querying regarding the number of shares one will get in shareholders quota or how many lots should I apply in Shareholders quota to get maximum shares??
As per the Basis of Allotment sheet issued by the Registrar, the following table depicts how HDFC shareholders received shares.
|No. of Shares Applied||No. of Shares Allotted||Listing Gain|
From the above table, it is clear that shareholders got minimum 13 shares and maximum 45 shares depending upon the number of lots they have applied and accordingly the minimum profit they got was Rs. 8138 and max. profit was whopping Rs. 28170. However, you must be wondering why we are sharing the observation when these are things of past.
The motive behind this study is to aware investors the importance of shareholders quota and how one should use this quota in their favor to maximize their return from IPOs.
We all know these days many companies are choosing the path of IPOs to raise money or provide an exit route to existing shareholders. So we can expect a lot of primary action in coming time and should be prepared to grab this opportunity with both hands to make our wallet richer.
Generally, if any subsidiary is listing via IPOs the shareholders of Parent company gets the benefits and concept of shareholders quota comes into the picture, the same we have observed during HDFC AMC IPO their parent company HDFC limited shareholders got extra benefits being with the company and 2,40,000 no. of shares were reserved for them. So what are the next upcoming opportunities having the similar advantage to that of HDFC AMC?
Actually to be eligible for the shareholders’ quota the record date is generally considered when the company files DRHP to SEBI, so one’s name should be in the record list of company’s book before company files for the IPO. The IZ team has researched the probable list of companies whose subsidiaries may be listed in future and one should have at least one share in their account to reap out the benefits of being a shareholder. The list of such companies is depicted below
|Sr.no||Parent Company||Subsidiary to be listed in future|
|1||ICICI Bank||ICICI Pru Mutual Funds|
|2||HDFC Limited||HDFC Securities, HDFC Financial Services|
|3||HDFC Bank||HDFC Securities, HDFC Financial Services|
|4||Kotak Bank||Kotak Securities|
|5||Axis Bank||Axis Securities|
|6||SBI||SBICAP SECURITIES LTD|
|7||Reliance Capital||Reliance General Insurance|
|9||Reliance Industries||JIO, Retail Business|
|10||Tata Motors||Tata Technology Limited|