UTI AMC IPO Dates, Review, Price, IPO Allotment Details & Market Lot

UTI AMC IPO to hit the market on 29 September and closes on 1 October 2020. UTI AMC aka UTI Mutual Funds company is managing domestic mutual funds of UTI Mutual Funds, doing portfolio management, postal life insurance, retirement funds, offshore funds. UTI AMC has its headquarters in Mumbai, Maharashtra, and serving in India, Japan, Singapore, London, Dubai, and Bahrain. The company is promoted by LIC, BoB, PNB, SBI. UTI AMC subsidiaries are UTI Capital, UTI International Limited, UTI Ventures, and more. UTI Mutual Fund is the oldest and one of the largest mutual funds in India. They have over 10 million investor accounts under its 230 domestic schemes/plans as of September 30, 2017. Check out UTI AMC IPO date, price band, and market lot details.

Equity Shares outstanding prior to the Issue = 12,67,87,254 Shares

Employee Reservation of 2,00,000 Shares @500/- = Rs.10.00 Crores (after discount of ~54/-)

Offer for Sale of 3,87,87,081 Shares @554/- = Rs.2,148.8 Crores

Equity Shares outstanding after the Issue = 12,67,87,254 Shares

UTI AMC Company Profile

We are the seventh largest asset management company in India in terms of mutual fund QAAUM as of September 30, 2019, according to CRISIL. With more than 11 million Live Folios as of September 30, 2019, our client base accounts for 12.8% of the approximately 86 million folios that, according to CRISIL, are managed by the Indian mutual fund industry. Our history and track record in the mutual fund industry, strong brand recognition, distribution reach, performance and client relationships provide a platform for future growth.

We are a professionally managed company led by our Board of Directors and a dedicated and experienced management team. For purposes of the SEBI Mutual Fund Regulations, our four sponsors are the State Bank of India (“SBI”), Life Insurance Corporation of India (“LIC”), Punjab National Bank (“PNB”) and Bank of Baroda (“BOB”) (collectively, the “Sponsors”), each of which has the Government of India as a majority shareholder. T. Rowe Price Group, Inc., a global asset management company, is our other major shareholder (through its subsidiary T. Rowe Price International Ltd. (“TRP”))

We have a national footprint and offer our schemes through a diverse range of distribution channels. As of September 30, 2019, our distribution network includes 163 UTI Financial Centres (“UFCs”), 273 Business Development Associates (“BDAs”) and Chief Agents (“CAs”) (46 of whom operate Official Points of Acceptance (“OPAs”)) and 33 other OPAs, most of which are in each case located in B30 cities. Our IFAs channel includes approximately 51,000 Independent Financial Advisors (“IFAs”) as of September 30, 2019.

UTI AMC IPO Review:

§  Apply for Long Term Gain

Brokerage Firm IPO Review:

§  Anand Rathi: Subscribe for Long Term

§  Capital Market: Avoid

§  KR Choksey: Subscribe

 

UTI AMC IPO Dates & Price Band:

IPO Open:	29 September 2020
IPO Close:	01 October 2020
IPO Size:	Approx Rs.2159 Crores (Approx)
Face Value:	Rs.10 Per Equity Share
Price Band:	Rs.550 - Rs.554 Per Share
Listing on:	BSE & NSE
Retail Portion:	35%
Equity:	38,987,081 Shares
Discount:	Rs.54 / Employees

UTI AMC IPO Market Lot,Allotment & Listing:

Lot Size:	Minimum 27 Shares & Maximum 351 Shares
Minimum Amount:	Rs.14958
Maximum Amount:	Rs.194454

 

Basis of Allotment:	07 October 2020
Refunds:	08 October 2020
Credit to Demat Account:	09 October 2020
Listing Date:	12 October 2020

UTI AMC IPO Form:

How to apply the UTI AMC IPO? You can apply UTI AMC IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the UTI AMC IPO in the Invest section. The other option you can apply UTI AMC IPO via IPO forms download via NSE and BSE. Check out the UTI AMC forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

UTI AMC Financial:

Rs. in Crore
	Revenue	Expense	PAT
2017	1049	528	38
2018	1163	617	35
2019	1081	590	29
Q1 FY 2020	497	257	38

Category	Subscription (no. of times, at 5 PM)
	Day 1	Day 2	Day 3
QIB	0.00	0.48	3.34
NII	0.06	0.35	0.93
Retail	0.51	1.15	2.32
Employees	0.31	0.66	1.33
Total	0.27	0.79	2.31

Company Promoters:

§  THE COMPANY IS A PROFESSIONALLY MANAGED COMPANY AND DOES NOT HAVE AN IDENTIFIABLE PROMOTER

UTI AMC IPO Registrar:

KFin Technologies Private Limited

(formerly known as “Karvy Fintech Private Limited”)

Selenium Tower-B, Plot 31 & 32, Gachibowli

Financial District, Nanakramguda, Serilingampally

Hyderabad 500 032, Telangana, India

Tel: +91 40 6716 2222

E-mail: utiamc.ipo@kfintech.com

Investor Grievance E-mail: einward.ris@kfintech.com

Website: www.kfintech.com

Contact Person: M Murali Krishna

SEBI Registration Number: INR000000221

Note: Check UTI AMC IPO allotment status on Karvy website allotment URL. Click Here

UTI AMC IPO Lead Managers:

§  Axis Capital Limited

§  BoA Merrill Lynch

§  Citigroup Global Markets India Private Limited

§  ICICI Securities Limited

§  JM Financial Consultants Private Limited

§  Kotak Mahindra Capital Company Limited

§  SBI Capital Markets Limited

Company Address:

UTI ASSET MANAGEMENT COMPANY LIMITED

UTI Tower, ‘Gn’ Block,

Bandra-Kurla Complex, Bandra (East),

Mumbai 400051, Maharashtra

Tel: +91 22 6678 6666

Contact Person: Arvind Patkar

Company Secretary and Compliance Officer

E-mail: cs@uti.co.in

Website: https://www.utimf.com/

Corporate Identity Number: U65991MH2002PLC137867