UTI AMC’s initial public offering (IPO) will begin on September 29 and end on October 1, 2020. UTI AMC, also known as UTI Mutual Funds, manages domestic mutual funds of UTI Mutual Funds, In addition to portfolio management, postal life insurance, retirement funds, and offshore funds.
UTI AMC has its headquarters in Mumbai, Maharashtra, and serves customers in India, Japan, Singapore, London, Dubai, and Bahrain. The company is backed by LIC, BoB, PNB, and SBI. Subsidiaries of UTI AMC include UTI Capital, UTI International Limited, UTI Ventures, and others. UTI Mutual Fund is one of India’s oldest and largest mutual funds. As of September 30, 2017, they had over 10 million investor accounts throughout their 230 domestic schemes/plans. Examine the UTI AMC IPO date, price band, and market lot information.
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
Category-wise Break up:
- Anchor: 1,16,36,124 Shares = 644.64 Crores
- QIB: 77,57,416 Shares = 429.76 Crores
- NII: 58,18,062 Shares = 322.32 Crores
- RII: 1,35,75,479 Shares = 752.08 Crores (Lot size: 27 = 5,02,796 Forms)
- Empl. Quota: 2,00,000 Shares = 10.00 Crores (@500 per Share)
- Total Issue: 3,89,87,081 Shares = 2158.80 Crores.
Subscription required for 1X
- RII = 5,02,796 Forms
- NII = 322.32 Crores
UTI AMC Company Profile
According to CRISIL, we are the seventh largest asset management firm in India in terms of mutual fund QAAUM as of September 30, 2019. With over 11 million Live Folios as of September 30, 2019, our client base represents 12.8% of the approximately 86 million folios managed by the Indian mutual fund industry, according to CRISIL. Our mutual fund industry history and track record, excellent brand recognition, distribution reach, performance, and client connections all create a foundation for future growth.
We are a professionally managed firm led by a committed and experienced management team and a Board of Directors. For the 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 is mainly controlled by the Government of India. Our other main shareholder is T. Rowe Price Group, Inc., a worldwide asset management firm (via its subsidiary T. Rowe Price International Ltd. (“TRP”).
We have a national representation and offer our programmes through a variety of distribution methods. As of September 30, 2019, our distribution network consisted of 163 UTI Financial Centres (“UFCs”), 273 Business Development Associates (“BDAs”) and Chief Agents (“CAs”) (46 of whom run Official Points of Acceptance (“OPAs”)), and 33 other OPAs, the majority of which were located in B30 cities. As of September 30, 2019, our IFAs channel included approximated 51,000 Independent Financial Advisors (“IFAs”).
UTI AMC IPO Dates & Price Band:
| IPO Open: | 29 September 2020 |
| IPO Close: | 01 October 2020 |
| IPO Size: | Approx ₹2159 Crores (Approx) |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹550 – ₹554 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | 38,987,081 Shares |
| Discount: | ₹54 / Employees |
UTI AMC IPO Market Lot:
| Lot Size: | Minimum 27 Shares & Maximum 351 Shares |
| Minimum Amount: | ₹14958 |
| Maximum Amount: | ₹194454 |
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 Allotment & Listing:
| 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.
UTI AMC Financial:
| ₹ in Crore | Revenue | Expense | PAT |
|---|---|---|---|
| 2017 | 1049 | 528 | 38 |
| 2018 | 1163 | 617 | 35 |
| 2019 | 1081 | 590 | 29 |
| Q1 FY 2020 | 497 | 257 | 38 |
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: [email protected]
Investor Grievance E-mail: [email protected]
Website: https://www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration Number: INR000000221
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: [email protected]
Website: https://www.utimf.com
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
UTI AMC IPO FAQs:
Q1. When UTI AMC IPO will open for Anchor Investors?
Ans. The Anchor Investors bidding to start on 28 September 2020.
Q2. When UTI AMC IPO will open for QIB, NII, and Retail?
Ans. The IPO to open on 29 September 2020 for QIB, NII, and Retail Investors.
Q3. What is UTI AMC IPO Investors Portion?
Ans. The investors’ portion for QIB-50%, NII-10%, and Retail-35%.
Q4. How to Apply the UTI AMC IPO?
Ans. You can apply UTI AMC IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. What is UTI AMC IPO Allotment Date?
Ans. UTI AMC IPO allotment date is 07 October 2020. You can check IPO allotment here.
Q6. What is UTI AMC IPO Size?
Ans. Chemcon IPO size is Rs. 3000 crore.
Q7. What is UTI AMC IPO Listing Date?
Ans. UTI AMC IPO listing date is 12 October 2020. The IPO to list on NSE and BSE.
