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 ₹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 Promoters:

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

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ 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

IPO DateSep 29, 2020 - Oct 1, 2020
Issue TypeBook Built Issue IPO
Issue Size38,987,081 Eq Shares of ₹10
(aggregating up to ₹2,159.88 Cr)
Face Value₹10 per equity share
IPO Price₹552 to ₹554 per equity share
Market Lot27 Shares
Min Order Quantity27 Shares
Listing AtBSE, NSE

UTI AMC IPO Tentative Date / Timetable

Bid/Offer Opens OnSep 29, 2020
Bid/Offer Closes OnOct 1, 2020
Finalisation of Basis of AllotmentOct 7, 2020
Initiation of RefundsOct 8, 2020
Credit of Shares to Demat AcctOct 9, 2020
IPO Shares Listing DateOct 12, 2020

UTI AMC IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum127₹14,958
Maximum13351₹194,454

UTI AMC IPO Promoter Holding

Pre Issue Share Holding98.96%
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 Subscription Status (Bidding Detail)

UTI AMC IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

7,757,416

5,818,062

13,575,479

200,000

27,350,957

Oct 1, 2020 18:00

3.34x

0.93x

2.32x

1.34x

2.31x

UTI AMC IPO Prospectus

UTI AMC IPO Rating

2516
4.1
Rating:Rated 4.1 stars

Vote Here ...

UTI AMC IPO Listing Date

Listing DateMonday, October 12, 2020
BSE Script Code543238
NSE SymbolUTIAMC
Listing InB
ISININE094J01016
IPO Price₹554 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹554.00
₹490.25
₹471.10
₹530.00
₹476.60
1,369,454
NSE
₹554.00
₹500.00
₹471.10
₹529.95
₹476.20
10,808,276

UTI AMC IPO Registrar

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: utiamc.ipo@kfintech.com
Website: https://karisma.kfintech.com/

UTI AMC IPO FAQs

  1. What is UTI AMC IPO?

    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 equity share. The minimum order quantity is 27 Shares.

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

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

  2. How to apply in UTI AMC IPO through Zerodha?

    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.

  3. When UTI AMC IPO will open?

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

  4. What is the lot size of UTI AMC IPO?

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

  5. How to apply for UTI AMC IPO?

    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.

  6. When UTI AMC IPO allotment?

    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.

  7. When is UTI AMC IPO listing date?

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

UTI AMC IPO Message Board

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