UTI AMC IPO Review

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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

Fresh issue:-

Issue size: 38,987,081 shares of the face value of Rs. 10 each

Employee reservation portion: 200,000 equity shares

Website: https://utimf.com/

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.

UTI AMC IPO Objective

The objective of UTI AMC IPO includes;

  • To achieve the benefits of listing equity shares on the stock exchange.
  • To present an offer to sale up to 38,987,081 Equity Shares.

UTI AMC IPO Details

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 IPO Details
UTI AMC Issue Details Values
IPO Category Mainline
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
IPO Discount
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
BSE Code
NSE Code

UTI AMC Financials for past 3 Years

Past performance and financial results of UTI AMC.

UTI AMC financial
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.

UTI AMC IPO Strengths

  • Well-diversified product portfolio to cater individual, HNIs and institutional clients’ investment requirements.
  • Country’s largest AMC by AUM and 7th largest AMC by QAAUM.
  • Strong brand recognition with 55 years of existence in asset management industry.
  • Nation-wide distributed distribution channel and stable client base.
  • Experienced management team.

UTI AMC IPO Threats/Weaknesses

  • Investment underperformance can lead to loss of client base and AUM as well.
  • Revenue concentration on a specific segment/s.
  • Rising interest rates can deter the performance of fixed income schemes i.e. liquid, hybrid, etc.
  • Other business risks i.e. regulatory risks, credit risks, etc.

UTI AMC IPO Recommendations

UTI AMC IPO Important Dates

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.

UTI AMC IPO important dates
IPO Activity Date
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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@
  NRI Form ⇒

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.

Company Address

UTI Tower, ‘Gn’ Block, Bandra-Kurla Complex,
Bandra (East),
Mumbai 400 051, Maharashtra, India
Website: https://utimf.com/
Email: [email protected]
Phone: 1800 266 1230

Registrar

KFin Technologies Private Limited
Selenium, Tower B, Plot No. 31 & 32
Financial District, Nanakramguda, Serilingampally,
Hyderabad, 500032, Telangana
Phone: +91 40 6716 2222
Email: [email protected]
Website: http://www.kfintech.com

Lead Manager

  1. Axis Capital Limited
  2. Kotak Investment Banking
  3. Citi Group global Markets
  4. DSP Merrill Lynch Limited
  5. ICICI Securities Limited
  6. JM Financial Limited
  7. SBI Capital Markets Limited
  8. KfIn Technologies Private Limited
UTI AMC IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for UTI AMC? Should I apply in UTI AMC IPO?

Last Updated on 2020-09-14T09:02:37+00:00

UTI AMC IPO FAQs

  1. 1. How to subscribe UTI AMC IPO with Zerodha?

    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.

    UTI AMC IPO Review and Important Updates

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  2. 2. How to apply in UTI AMC IPO online?

    Apply in UTI AMC IPO online

    To subscribe or apply in UTI AMC IPO, you can use the following methods:

    UTI AMC IPO Applying ModeMethodDetails
    Online Application3-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 Application2-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.

    Online ApplicationASBA

    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 ApplicationPhysical 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.

    UTI AMC IPO Review and Important Updates

    Other relevant question on same topics are:

    Where to subscribe UTI AMC IPO? Where to apply for UTI AMC IPO? How to subscribe UTI AMC IPO online? UTI AMC IPO where to apply? Where to buy UTI AMC IPO online? How to buy UTI AMC IPO online? How to purchase UTI AMC IPO? How to get UTI AMC IPO? How to book UTI AMC IPO? How to invest UTI AMC IPO? UTI AMC IPO kaise buy kare?

     

  3. 4. What is the listing date of UTI AMC IPO?

    UTI AMC IPO is going to be list on TBD.

    Other relevant questions:

    When UTI AMC IPO will be listing? UTI AMC IPO listing date?UTI AMC IPO date of listing

     

  4. 5. When UTI AMC IPO will be allocated?

    UTI AMC IPO Allotment Date is TBD.

    Other relevant questions:

    UTI AMC IPO share allotment date?UTI AMC IPO allotment date?

     

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User Comments

avatar
10. Virendra  7/28/2020 12:12:42 PM Reply
What is the UTI AMC IPO price
avatar
10.1. Team TSB1  7/28/2020 12:21:26 PM
UTI AMC IPO price range is not yet declared.
avatar
10.2. CA Sachin Jain  7/29/2020 7:10:07 AM
The expected date for UIT AMC IPO is between 14th to 18th Aug 2020. The price band will be decided around 12th Aug 2020.
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10.3. CA Sachin Jain  8/27/2020 8:42:55 PM
UTI AMC IPO is expected to open on 14th Sep 2020. Size of IPO is Rs 600 Cr (Approx)
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9. Kuldeep Singh  7/29/2020 7:08:10 AM Reply
Does UIT AMC IPO will have shareholding quota? If yes which company shares are required?
avatar
8. CK  7/28/2020 12:15:42 PM Reply
Lot size of UTI AMC IPO
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8.1. Team TSB1  7/28/2020 12:20:51 PM
Lot size is yet to be declared, will be available once RHP is provided.
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7. Geetanjali  7/28/2020 10:15:13 AM Reply
UTI AMC has valued at Rs. 13,500 crores at Rs. 900 each share, other listed AMCs in India - Nippon and HDFC AMC managed market cap of 17,356 cr.and Rs. 52,380 crore.
avatar
6. Mayank Kabra  7/28/2020 10:08:33 AM Reply
Will be a great IPO to be invested for with prudent management, long-term track record, strong brand name, and vast experience in the Indian MF industry.
avatar
5. Kondareddy  7/27/2020 9:01:52 PM Reply
UTI AMC IPO - CRISIL Rating, Apply or not?.
avatar
4. A SARAVANAN  7/27/2020 9:01:52 PM Reply
UTI AMC IPO whether to invest or not.
avatar
3. ANIL  7/27/2020 9:01:52 PM Reply
UTI AMC IPO good or bad.
avatar
2. Zakir hussain  7/27/2020 9:01:52 PM Reply
Please confirm UTI AMC IPO GMP (grey market premium) and kostak.
avatar
1. Shilabhadra Rout  7/27/2020 9:01:52 PM Reply
UTI AMC IPO expected listing gain.

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