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UTI Asset Management Company Ltd IPO (UTI AMC IPO) Detail

Sep 29, 2020 - Oct 1, 2020

Incorporated in 2002, UTI AMC is in the business of managing the domestic mutual funds of UTI Mutual Fund, provides portfolio management services to institutional clients and high net worth individuals like Employee Provident Fund Organisation, National Skill Development Fund, Postal Life Insurance, and manages retirement funds viz. NPS, offshore funds like Shinsei UTI India Fund, and alternative investment funds catering to a diverse group of individuals, institutional investors, banks, trusts, and NRIs.

Key Facts about UTI AMC

  • According to CRISIL, UTI AMC is the largest AMC in India in terms of Total AUM, seventh-largest AMC in India in terms of mutual fund QAAUM with Rs 1,542.3 billion, and also has the largest share of monthly average AUM amongst top ten Indian AMC coming from B30 cities.
  • The management fees from domestic mutual funds account for 72.7% of the total income of the company.
  • UTI AMC has established the first mutual fund in India and has been in the asset management industry for more than 55 years with a strong history and proven track record in mutual fund mutual industry with strong brand recognition.
  • UTI AMC has 11 million live folios accounting for 12.8% of client base managed by the Indian mutual fund industry.
  • UTI AMC has a national footprint with 163 UTI Financial Centres, 273 Business Development Associates and Chief Agents and 33 other Official Points of Acceptance. UTI AMC also has approximately 51,000 Independent Financial Advisors.
  • UTI AMC has four sponsors SBI, LIC, PNB and BOB each of which has the Government of India as a majority shareholder. UTI AMC also has a global asset management company T. Rowe Price International Ltd as one of its major stakeholders with a 26% stake in the Company.
  • As of September 30, 2019, UTI AMC manages 178 domestic mutual fund schemes, comprising equity, hybrid, income, liquid, and money market funds.

Company Financials

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

Objects of the Issue

The objects of the Offer are:

1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. The sale of up to 38,987,081 Equity Shares by the Selling Shareholders

UTI AMC IPO Details

UTI AMC IPO Date Sep 29, 2020 to Oct 1, 2020
UTI AMC IPO Face Value ₹10 per share
UTI AMC IPO Price ₹552 to ₹554 per share
UTI AMC IPO Lot Size 27 Shares
Issue Size38,987,081 shares of ₹10
(aggregating up to ₹2,159.88 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

UTI AMC is a professionally managed company and does not have an identifiable promoter in terms of SEBI.

UTI AMC IPO Timeline (Tentative Timetable)

UTI AMC IPO opens on Sep 29, 2020, and closes on Oct 1, 2020. The UTI AMC IPO bid date is from Sep 29, 2020 10.00 A.M. to Oct 1, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
UTI AMC IPO Opening Date Sep 29, 2020
UTI AMC IPO Closing Date Oct 1, 2020
Basis of Allotment Oct 7, 2020
Initiation of Refunds Oct 8, 2020
Credit of Shares to Demat Oct 9, 2020
UTI AMC IPO Listing Date Oct 12, 2020

UTI AMC IPO Lot Size

The UTI AMC IPO lot size is 27 shares. A retail-individual investor can apply for up to 13 lots (351 shares or ₹194,454).

Application Lots Shares Amount
Retail (Min) 1 27 ₹14,958
Retail (Max) 13 351 ₹194,454

UTI AMC IPO Promoter Holding

Pre Issue Share Holding 98.96%
Post Issue Share Holding

UTI IPO Shares Offered by Investor Category

Category % No. of shares
QIB 50% 19,493,540
NII 15% 5,848,062
Retail 35% 13,645,480
Total 38,987,081

UTI AMC IPO Review

UTI AMC has emerged as the second-largest AMC post revamp. According to management, they are back on track with its improved performance for FY21 Q1. The company is gearing to give the best services to its clients and investors with modern technology and research-based investments. Considering its financial performance so far, the issue appears fully priced. Investors may park their funds with a long term perspective. Read detail review...


UTI AMC IPO Subscription Status (Bidding Detail)

The UTI AMC IPO is subscribed 2.31 times on Oct 1, 2020 6:00:07 PM. The public issue subscribed 2.32 times in the retail category, 3.34 times in the QIB category, and 0.93 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB3.34
NII0.93
Retail2.32
Employee1.34
Total2.31

UTI AMC IPO Prospectus

UTI AMC IPO Rating

2516
4.1
Rating:Rated 4.1 stars
Vote Here ...

UTI AMC IPO Listing Date

Listing Date Monday, October 12, 2020
BSE Script Code 543238
NSE Symbol UTIAMC
Listing In B Group of Securities
ISIN INE094J01016
IPO Price ₹554 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹554.00
₹490.25
₹471.10
₹530.00
₹476.60
NSE
₹554.00
₹500.00
₹471.10
₹529.95
₹476.20

Company Contact Information

UTI Asset Management Company Ltd
UTI Tower, 'Gn' Block,
Bandra-Kurla Complex, Bandra (East),
Mumbai 400051, Maharashtra, India
Phone: +91 22 6678 6666
Email: cs@uti.co.in
Website: https://www.utimf.com/

UTI AMC IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: utiamc.ipo@kfintech.com
Website: https://karisma.kfintech.com/

UTI AMC IPO FAQs

UTI AMC IPO is a main-board IPO of 38,987,081 equity shares of the face value of ₹10 aggregating up to ₹2,159.88 Crores. The issue is priced at ₹552 to ₹554 per share. The minimum order quantity is 27 Shares.

The IPO opens on Sep 29, 2020, and closes on Oct 1, 2020.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in UTI AMC IPO using UPI as a payment gateway. Zerodha customers can apply in UTI AMC IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in UTI AMC IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'UTI AMC IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The UTI AMC IPO opens on Sep 29, 2020 and closes on Oct 1, 2020.

UTI AMC IPO lot size is 27 Shares and the minimum order quantity is .

You can apply in UTI AMC IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for UTI AMC IPO will be done on Oct 7, 2020, and the allotted shares will be credited to your demat account by Oct 9, 2020. Check the UTI AMC IPO allotment status.

The UTI AMC IPO listing date is on Monday, October 12, 2020.
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UTI AMC IPO Message Board

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1237 Comments

602. MS ASSOCIATE |   Link |Dec 6, 2020 11:35:20 AM
Dividend of Rs 7 per share credited to all Shareholders..
601. SATEESH BABU T V S S |   Link |Nov 4, 2020 2:03:10 PM
What is the future of this share.
600. amit K singh |   Link |Oct 29, 2020 7:47:15 AM
IPO Mentor IPO Mentor (900+ Posts, 1500+ Likes)
Good results posted by UTI and also rs 7 dividend.. let's see how market responds..
599. KANU |   Link |Oct 20, 2020 9:54:47 AM
I have read about UTI (United Thieves of India) like what they have done in the past, and i am shocked they have not changed a bit still the same UNITED THIEVES OF INDIA. Cheating the investors.
598. KANU |   Link |Oct 20, 2020 9:48:17 AM
I have read the story about UTI (United thieves of India) what they have done in the past e.g. in the 90's and i am shocked to see that they are still the same "United Thieves of India" no change.
597. Bhavesh Prajapati |   Link |Oct 16, 2020 11:12:09 PM
UTI laga nahi but icici/upi me abhi tak amount blocked hei////suno suno suno or kuch to solution do ...unblock amount karne me
597.1. Gourav Kumar Gupta |   Link |Nov 29, 2020 1:22:54 PM
Contact customer care or bank branch directly to unblock the amount or mail the matter to the head office of the bank with the bank branch account email linked in carbon copy.
596. Abhitak |   Link |Oct 16, 2020 10:19:07 PM
27 shares alloted in UTI AMC ,Amount debited in my PNB bank account but my account is still block. Some one can tell me how I can unblock my amount of UTI AMC
595. P Patel |   Link |Oct 16, 2020 1:47:08 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
This may go in line with SBI Cards... in next 2-3 months it may start picking up and give 10-15% returns by early next year....
594. Carn Mohan |   Link |Oct 12, 2020 7:27:45 PM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
Jab retailers bahut subscribe karnay lagta hi tab market ise prakaar say usko punishment dayti hi.
594.2. harit |   Link |Oct 13, 2020 6:49:44 PM
Check china, and other markets
Population vs Demat accounts
Retailer participation vs HNIs

Comparing that
Indian retailers demate accounts should cross 1.5 cr
594.3. KrishnaTwentyFour |   Link |Oct 14, 2020 8:07:00 AM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
Harit Sir agree,..
Sometimes agressive participation of HNI spoil the listing...mazadock and cams same happened...hni costing was much higher than actualdeserve value of share...hence both these IPOs were unable to hold listing price ...
593. ganesh jaiswal |   Link |Oct 14, 2020 6:20:23 AM
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
UTI AMC bounced back on second day. Nothing wrong with fundamental of the company but panic selling by weak hands including edelweiss on listing day lowered the expected listing day price range of 550-505. Hopefully it will trade in a range of 500-590 for next few days.
593.1. Gourav Kumar Gupta |   Link |Nov 29, 2020 1:24:34 PM
548 surprisingly...now target of 700 by km financials
593.2. Gourav Kumar Gupta |   Link |Nov 29, 2020 1:24:43 PM
548 surprisingly...now target of 700 by km financials
592. Carn Mohan |   Link |Oct 13, 2020 6:36:58 PM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
500 Kay uper ho gaya tab tho profit book karo dear .
591. Kishore S |   Link |Oct 8, 2020 4:53:51 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Those who got allotted should feel happy. YesBank FPO seen is going to repeat.
591.1. Kishore S |   Link |Oct 13, 2020 3:32:17 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
YESBANK scene is repeating
590. Sandy262 |   Link |Oct 13, 2020 11:53:59 AM
I applied for 2 lots and allotted 2/2.

Should I sell and book a loss or wait ?
Experts, please help !
590.1. Black Swan |   Link |Oct 13, 2020 12:22:54 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Hold, you will recover your loss
589. mDelhi |   Link |Oct 12, 2020 3:43:29 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
I set the bid @470 and lowest was 471.xx
589.2. rajni gandhi |   Link |Oct 12, 2020 6:54:30 PM
Top Contributor Top Contributor (200+ Posts)
I m lucky. Apply In IPO. Not get 0/1
589.3. Rajeev Kk |   Link |Oct 13, 2020 11:40:26 AM
455 where brother. Wrong advice. Do you think share will fall every day
588. VALUE INVESTOR |   Link |Oct 12, 2020 8:06:14 PM
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
Delivery percentage is high, let's see what happens tomorrow

total shares      27,350,957                              
                                    
Day1       NSE Traded      NSE Delivery      NSE %      BSE Traded      BSE Delivery      BSE %
       10,808,276      54,03,693      50.00%      1,369,454      7,62,175       55.66
587. Quality Comment |   Link |Oct 12, 2020 7:50:11 PM
No comment from any GURU?

586. Jagat Narayan |   Link |Oct 12, 2020 5:20:23 PM
IPO fobia is over now
586.1. jhoonjhoonwala |   Link |Oct 12, 2020 6:02:53 PM
Nice, hopefully, retail madness now learns and get low.
585. AhireR |   Link |Oct 12, 2020 5:29:03 PM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
Some are buying at this levels..I don't know the future of the stock nor anyone does here, but I would say never try to catch a falling knife..
There's a good saying, add your winners and reduce your losers..
584. Cautious ipo |   Link |Oct 12, 2020 5:07:23 PM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
11.4. Cautious ipo Oct 9, 2020 09:58
UTI Asset Management Company Ltd IPO

Market desperately eager to hammer it seems

Market now looking to hamare another ipo likhita infra ...HNI तो गियो...।।
583. PKTAF |   Link |Oct 12, 2020 4:55:44 PM
Allotted one lot and also bought 30@475.