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IPO Status: Listed [29th Sep 2020 to 1st Oct 2020]
| IPO Issue Opening Date: | 29th Sep 2020 |
| IPO Issue Closing Date: | 1st Oct 2020 |
| IPO Issue Price: | ₹552-554 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 50.37 |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹8420.74 Cr |
| Offer for Sale: | 38,987,081 shares |
| Face Value: | ₹10 Per Equity Share |
| Promoter Holding Pre IPO: | 98.96% |
| Promoter Holding Post IPO: | |
| BSE Code: | 543238 |
| NSE Code: | UTIAMC |
Get important updates regarding UTI AMC IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 7th Oct 2020 |
| Refunds Initiation* | 8th Oct 2020 |
| Credit of Shares to Demat* | 9th Oct 2020 |
| IPO Listing Date* | 12th Oct 2020 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹552-554 |
| Market Lot: | 27 Shares |
| 1 Lot Amount: | ₹14958 |
| Min Small HNI Lots(2-10 Lakh): | 378 shares(14 lots) |
| Min Big HNI Lots(10+ Lakh): |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 12/10/2020 | 554 | -14 | -- | ₹540 (-2.53%) | 12-Oct-2020 10:06 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
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/
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.
| Incorporation | Sector | IPO Issue Size | Website |
| NULL | NULL | ₹8420.74 Cr | https://utimf.com/ |
The objective of UTI AMC IPO includes;
| 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% |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 7,757,416 (28.36%) | 5,818,062 (21.27%) | 13,575,479 (49.63%) | 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 |
| 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. |
Last Updated on 01-Feb-2021 00:22:50
Allotmenet is expected today for UIT AMC
https://ris.kfintech.com/ipostatus/