IPO Status: Closed [29th Sep 2020 to 1st Oct 2020]
India’s largest AMC - UTI AMC IPO opens on 29th September and closes on 1st October. IPO lot size is 27 shares and issue price is Rs. 552 to Rs. 554. 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 floor price is 55.2 times and cap price is 55.4 times of the face value. The UTI AMC IPO has 2,00,000 shares for the Employees reservation portion. No discount offered to eligible Employees under Employee Quota.
Company Incorporated year: 2002
Sector: Mutual Fund Industry
Issue size: Rs. 2159.88 Cr.
Employee reservation portion: 200,000 equity shares
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;
|Category||# of Shares||Upper end ₹ in Cr(~)||%(~)|
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 2159.88 Cr] each|
|Offer for Sale||38,987,081 shares|
|Face Value||₹10 Per Equity Share|
|IPO Issue Price||₹552-554|
|Market Lot||27 Shares|
|Min Retail Qty||27 shares (1 lot)|
|Max Retail Qty||351 shares (13 lots)|
|Promoter Holding Pre IPO||98.96%|
|Promoter Holding Post IPO|
|IPO Listing At||BSE, NSE|
The table below is live update of IPO bidding details from NSE and BSE.
|# of Shares Offered||7,757,416||5,818,062||13,575,479||200,000||27,350,957||1||29th Sep 2020 17:02||0.00x||0.01x||0.25x||0.29x||0.13x||2||30th Sep 2020 17:02||0.48x||0.35x||1.15x||0.66x||0.79x||3||1st Oct 2020 18:02||3.34x||0.93x||2.32x||1.34x||2.31x|
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||29th Sep 2020|
|IPO Issue Close Date||1st Oct 2020|
|Basis of Allotment Finalisation Date*||7th Oct 2020|
|Refunds Initiation*||8th Oct 2020|
|Credit of Shares to Demat Account*||9th Oct 2020|
|IPO Listing Date*||12th Oct 2020|
* - Tentative Dates
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UTI AMC IPO Draft Prospectus >>Document
UTI AMC IPO Red Herring Prospectus >>Document
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 2020-10-11T23:37:09+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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Applying in UTI AMC IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download UTI AMC IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply UTI AMC IPO, please refer article >> Link
Steps to download the online application form for UTI AMC IPO
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UTI AMC IPO is going to be list on 12-10-2020. NSE Code for UTI AMC is UTIAMC. BSE Code for UTI AMC is 543238.
Other relevant questions:When UTI AMC IPO will be listing? UTI AMC IPO NSE listing date?UTI AMC IPO date of listing.UTI AMC IPO BSE listing date?
UTI AMC IPO Allotment Date is 7-10-2020.
Other relevant questions:UTI AMC IPO share allotment date?UTI AMC IPO allotment date?
Reasons to invest in UTI AMC IPO
Being the country’s largest AMC with the highest Asset Under Management (AUM), UTI AMC IPO can be a good option for investors to invest in. Its widespread product portfolio with a large client base from retail clients to high net worth individuals and institutional customers are its key strengths. Moreover, well-established sponsors, focused asset management, steady AUM growth, etc. are the good points of UTI AMC IPO. However, due to the ongoing market uncertainty because of global and domestic reasons, UTI AMC’s revenues and profitability has been affected.