IPO Status: Upcoming [Not Yet Announced to Not Yet Announced]
India’s largest AMC - UTI AMC IPO is coming soon. Check here the major IPO information like business overview, strengths and risks, IPO dates, IPO objective, UTI AMC’s financial performance, and many more. The UTI AMC IPO open and close dates are yet to be announced.
Company Incorporated year: 2002
Sector: Mutual Fund Industry
Issue size: 38,987,081 shares of the face value of Rs. 10 each
Employee reservation portion: 200,000 equity shares
About UTI Asset Management Company Private Limited (UTI AMC)
UTI Asset Management Company is India’s largest AMC by AUM and the 7th largest mutual fund house by quarterly average asset under management (QAAUM). It is the third AMC IPO in India after HDFC AMC and Nippon Life Asset Management Company. UTI AMC has a diversified product portfolio including plethora of UTI mutual fund schemes across equity, debt, and hybrid category, portfolio management scheme (PMS), alternate investment funds, offshore funds, retirement funds, and others to cater the investment requirements of individual retail clients, HNIs (High net worth individuals), and institutional clients. UTI AMC is collectively sponsored by State Bank of India (SBI), Punjab National Bank (PNB), Life Insurance Corporation of India (LIC), and Bank of Baroda (BOB).
As on September 30, 2019, UTI AMC’s QAAUM from domestic mutual fund business stood at 1,542.3 billion while revenue from other business including PMS, retirement solution-oriented schemes, offshore funds, and alternate investment funds was reported at Rs. 6,254.7 billion, among which, PMS business contributes the most with AUM of Rs. 4,999.2 billion, nearly 80%. UTI AMC PMS business offers discretionary PMS, Non-discretionary PMS, and advisory PMS to various institutional clients i.e. EPFO, postal life insurance, National Skill Development Fund (NSDF), and others.
It offers various mutual fund schemes through a nationwide distribution channel that includes 163 UTI financial centres (UFC), 273 business development associates (BDA) and chief agents, and 33 official point of acceptance (OPAs), most of them are in B30 cities which significantly contributes to the Indian mutual fund industry AUM. There is a team of 486 relationship managers at UTI distribution channels who work to provide support service to its clients and distributors. UTI AMC has also offices overseas such as London, Guernsey, Dubai, and Singapore from where it offers offshore funds and domestic mutual funds to people who want to invest in the Indian market.
The objective of UTI AMC IPO includes;
UTI AMC IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|UTI AMC Issue Details||Values|
|IPO Issue Type||Book Built Issue IPO|
|IPO Issue Size||38,987,081 shares of [Rs. ] each|
|Offer for Sale||38,987,081 shares|
|Face Value||₹10 Per Equity Share|
|IPO Issue Price||₹tbd|
|Market Lot||tbd Shares|
|Min Retail Qty||TBD|
|Max Retail Qty||TBD|
|Promoter Holding Pre IPO||98.96%|
|Promoter Holding Post IPO|
|IPO Listing At||BSE, NSE|
Past performance and financial results of UTI AMC.
|UTI AMC IPO Financials||30-Sep-2019||31-Mar-2019||31-Mar-2018||31-Mar-2017|
|Total Assets||₹3,046.8 Cr.||₹3,013.26 Cr.||₹2,919.2 Cr.||₹2,503.11 Cr.|
|Total Revenue||₹474.03 Cr.||₹1,050.50 Cr.||₹1,150.05 Cr.||₹1,034.93 Cr.|
|Net Profit/Loss||₹208.92 Cr.||₹347.92 Cr.||₹405.09 Cr.||₹395.22 Cr.|
In this section we have covered all important dates related to UTI AMC IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
|IPO Issue Open Date||Not Yet Announced|
|IPO Issue Close Date||Not Yet Announced|
|Basis of Allotment Finalisation Date*||Not Yet Announced|
|Refunds Initiation*||Not Yet Announced|
|Credit of Shares to Demat Account*||Not Yet Announced|
|IPO Listing Date*||Not Yet Announced|
* - Tentative Dates
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UTI AMC IPO Draft Prospectus >>Document
UTI AMC IPO Red Herring Prospectus >>UTI AMC IPO Red Herring Prospectus is not yet available.
UTI AMC IPO Allotment Status >>UTI AMC IPO Allotment is not declared yet, we will provide the link for status once allotment is out.
Last Updated on 2020-09-14T09:02:37+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase UTI AMC IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply UTI AMC IPO with Zerodha.
Alternate approch to apply in UTI AMC IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
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To subscribe or apply in UTI AMC IPO, you can use the following methods:
|UTI AMC IPO Applying Mode||Method||Details|
|Online Application||3-in-1 Trading Account|
If your broker is 3-in-1 service provider, you can apply in UTI AMC IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.
|Online Application||2-in-1 Trading Account|
Brokers like Zerodha, TradeSmart Online provides access to applying in UTI AMC IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.
This is one of the most popular mode of applying in UTI AMC IPO. Most of the Syndicate Banks provide access to apply in UTI AMC IPO via ASBA process. You must have your net banking access, DP ID information to apply in UTI AMC IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.
|Offline Application||Physical Form|
You can apply in UTI AMC IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.
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UTI AMC IPO Application is not yet available.