ITI FPO vs UTI AMC IPO

Comparision between ITI FPO and UTI AMC IPO.

IPO Details

ITI FPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while UTI AMC IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ITI FPO	UTI AMC IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	FPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Bob Capital Markets Limited Karvy Investor Services Limited Pnb Investment Services Ltd	Axis Capital Limited Bofa Securities India Limited Citigroup Global Markets India Private Limited ICICI Securities Limited Jm Financial Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of ITI FPO is up to ₹1,399.86 Cr whereas the issue size of the UTI AMC IPO is up to ₹2,159.88 Cr. The final issue price of ITI FPO is and of UTI AMC IPO is ₹554.00 per share.

	ITI FPO	UTI AMC IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹552.00 per share
Issue Price (Upper)	₹77.00 per share	₹554.00 per share
Issue Price (Final)		₹554.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	27 shares
Fresh Issue Size	18,00,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,18,00,000 shares	3,89,87,081 shares
Issue Size Total (Amount)	up to ₹1,399.86 Cr	up to ₹2,159.88 Cr

IPO Timetable

ITI FPO opens on Jan 24, 2020, while UTI AMC IPO opens on Sep 29, 2020. The closing date of ITI FPO and UTI AMC IPO is Feb 05, 2020, and Oct 01, 2020, respectively.

	ITI FPO	UTI AMC IPO
Anchor Bid Date
Issue Open	Jan 24, 2020	Sep 29, 2020
Issue Close	Feb 05, 2020	Oct 01, 2020
Basis Of Allotment (Tentative)	Jan 31, 2020	Oct 07, 2020
Initiation of Refunds (Tentative)	Feb 03, 2020	Oct 08, 2020
Credit of Share (Tentative)	Feb 04, 2020	Oct 09, 2020
Listing date (Tentative)	Feb 05, 2020	Oct 12, 2020
Anchor Lockin End date 1	Mar 01, 2020	Nov 06, 2020
Anchor Lockin End date 2	Apr 30, 2020	Jan 05, 2021

Financials

ITI FPO P/E ratio is , as compared to UTI AMC IPO P/E ratio of .

ITI FPO

UTI AMC IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	47,057.38	32,048.94	35,230.86	30,248.47
Total Revenue	18,116.17	20,887.16	17,903.11	6,640.29
Profit After Tax	2,305.64	2,663.91	2,372.18	(2,979.95)

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	30-June-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	32,634.28	31,549.18	30,132.63	29,192.52
Total Revenue	2,710.68	8,909.61	10,808.94	11,627.47
Profit After Tax	1,010.75	2,764.85	3,479.27	4,050.91

Promoter Shareholding (Pre-Issue)

89.97%

98.96%

Promoter Shareholding (Post-Issue)

74.83%

P/E Ratio

Market Cap

₹8307.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ITI FPO retail investors (RII) are offered 1,80,00,000 shares while in UTI AMC IPO retail investors are offered 1,80,00,000 shares. Qualified institutional buyers (QIB) are offered 13,50,00,000 shares in ITI FPO and in UTI AMC IPO.

	ITI FPO	UTI AMC IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	13,50,00,000 shares
NII	2,70,00,000 shares
RII	1,80,00,000 shares
Employee	18,00,000 shares	2,00,000 shares
Others
Total	18,18,00,000 shares	3,87,87,081 shares

Bids Received (Subscription)

ITI FPO subscribed 0.62x in total, whereas UTI AMC IPO subscribed 2.31x.

	ITI FPO	UTI AMC IPO
QIB (times)	0.63x	3.34x
NII (times)	0.23x	0.93x
Big NII (times)
Small NII (times)
RII (times)	1.06x	2.32x
Employee (times)	0.98x	1.34x
Other (times)
Total (times)	0.62x	2.31x

Compare with others

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UTI AMC IPO	Chemcon IPO
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SBI Cards IPO	Yes Bank FPO
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CSB Bank IPO	Equitas Small Finance Bank IPO
IRCTC IPO	Prince Pipes IPO

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