IPO Status: Closed [29th Sep 2020 to 1st Oct 2020]

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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

Website: https://utimf.com/

About Company - 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 Issue break-up

Issue break-up
Category # of Shares Upper end ₹ in Cr(~) %(~)
QIB 19,393,540 1,074.40 Cr 50%
NIB 5,818,062 322.32 Cr 15%
Retail 13,575,479 752.08 Cr 35%
Employee 200,000 11.08 Cr -
Total 38,987,081 2159.88 Cr 100%


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 Category: Mainline
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
BSE Code: 543238

UTI AMC IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 7,757,416 Shares
  • Non-Institutional Investors: 5,818,062 Shares
  • Retail Individual Investor: 13,575,479 Shares
  • Employees Quota: 200,000 Shares
IPO Bidding Live Updates from BSE + NSE
 # of Shares Offered7,757,4165,818,06213,575,479200,00027,350,957
129th Sep 2020 17:020.00x0.01x0.25x0.29x0.13x
230th Sep 2020 17:020.48x0.35x1.15x0.66x0.79x
31st Oct 2020 18:023.34x0.93x2.32x1.34x2.31x

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 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 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 RHP >>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.

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


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 2020-11-03T22:12:42+00:00


  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:

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  3. 3. How to download online application form for UTI AMC IPO?

    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

    UTI AMC IPO Review and Important Updates

    Steps to download the online application form for UTI AMC IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 27 and max 351 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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

    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?


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

    UTI AMC IPO Allotment Date is 7-10-2020.

    Other relevant questions:

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


  6. 6. Why should I invest in UTI AMC IPO?

    Reasons to invest in UTI AMC IPO

    1. UTI AMC is the largest AMC in India.
    2. Strong client base including HNIs, retail clients, and institutional clients.
    3. Solid fundamentals and long term track record.
    4. Experienced managerial team with decades of experience.
    5. Huge product portfolio including mutual funds, PMS, alternate investment funds, and offshore funds.
    6. Strong distribution channel network with financial centres, business development associates, etc.


  7. 7. How good is 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.


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User Comments

11. Vinay Jain  10/7/2020 7:33:37 AM Reply

Allotmenet is expected today for UIT AMC

10. Virendra  7/28/2020 12:12:42 PM Reply
What is the UTI AMC IPO price
10.1. Team TSB1  7/28/2020 12:21:26 PM
UTI AMC IPO price range is not yet declared.
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.
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)
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?
8. CK  7/28/2020 12:15:42 PM Reply
Lot size of UTI AMC IPO
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.
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.
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.
5. Kondareddy  7/27/2020 9:01:52 PM Reply
UTI AMC IPO - CRISIL Rating, Apply or not?.
4. A SARAVANAN  7/27/2020 9:01:52 PM Reply
UTI AMC IPO whether to invest or not.
3. ANIL  7/27/2020 9:01:52 PM Reply
UTI AMC IPO good or bad.
2. Zakir hussain  7/27/2020 9:01:52 PM Reply
Please confirm UTI AMC IPO GMP (grey market premium) and kostak.

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