Sunday, October 27, 2019

UTI AMC IPO Date, Review, Price Band, Form & Market Lot Details


UTI AMC IPO to hit the market on 29 September and closes on 1 October 2020. UTI AMC aka UTI Mutual Funds company is managing domestic mutual funds of UTI Mutual Funds, doing portfolio management, postal life insurance, retirement funds, offshore funds. UTI AMC has its headquarters in Mumbai, Maharashtra, and serving in India, Japan, Singapore, London, Dubai, and Bahrain. The company is promoted by LIC, BoB, PNB, SBI. UTI AMC subsidiaries are UTI Capital, UTI International Limited, UTI Ventures, and more. UTI Mutual Fund is the oldest and one of the largest mutual funds in India. They have over 10 million investor accounts under its 230 domestic schemes/plans as of September 30, 2017. Check out UTI AMC IPO date, price band, and market lot details.
 
Equity Shares outstanding prior to the Issue = 12,67,87,254 Shares
Employee Reservation of 2,00,000 Shares @500/- = Rs.10.00 Crores (after discount of ~54/-)
Offer for Sale of 3,87,87,081 Shares @554/- = Rs.2,148.8 Crores
Equity Shares outstanding after the Issue = 12,67,87,254 Shares

Category-wise Break up:
Anchor: 1,16,36,124 Shares = 644.64 Crores
QIB: 77,57,416 Shares = 429.76 Crores
NII: 58,18,062 Shares = 322.32 Crores
RII: 1,35,75,479 Shares = 752.08 Crores (Lot size: 27 = 5,02,796 Forms)
Empl. Quota: 2,00,000 Shares = 10.00 Crores (@500 per Share)
Total Issue: 3,89,87,081 Shares = 2158.80 Crores.

Subscription required for 1X
RII = 5,02,796 Forms
NII = 322.32 Crores

UTI AMC Company Profile

We are the seventh largest asset management company in India in terms of mutual fund QAAUM as of September 30, 2019, according to CRISIL. With more than 11 million Live Folios as of September 30, 2019, our client base accounts for 12.8% of the approximately 86 million folios that, according to CRISIL, are managed by the Indian mutual fund industry. Our history and track record in the mutual fund industry, strong brand recognition, distribution reach, performance and client relationships provide a platform for future growth.

We are a professionally managed company led by our Board of Directors and a dedicated and experienced management team. For purposes of the SEBI Mutual Fund Regulations, our four sponsors are the State Bank of India (“SBI”), Life Insurance Corporation of India (“LIC”), Punjab National Bank (“PNB”) and Bank of Baroda (“BOB”) (collectively, the “Sponsors”), each of which has the Government of India as a majority shareholder. T. Rowe Price Group, Inc., a global asset management company, is our other major shareholder (through its subsidiary T. Rowe Price International Ltd. (“TRP”))

We have a national footprint and offer our schemes through a diverse range of distribution channels. As of September 30, 2019, our distribution network includes 163 UTI Financial Centres (“UFCs”), 273 Business Development Associates (“BDAs”) and Chief Agents (“CAs”) (46 of whom operate Official Points of Acceptance (“OPAs”)) and 33 other OPAs, most of which are in each case located in B30 cities. Our IFAs channel includes approximately 51,000 Independent Financial Advisors (“IFAs”) as of September 30, 2019.



UTI AMC Logo

UTI AMC IPO Review:

  • Apply for Short Term and Long Term Gain

Brokerage Firm IPO Review:

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UTI AMC IPO Dates & Price Band:

 IPO Open:  29 September 2020
 IPO Close:  01 October 2020
 IPO Size:  Approx ₹2159 Crores (Approx)
 Face Value:  ₹10 Per Equity Share
 Price Band:  ₹550 - ₹554 Per Share
 Listing on:  BSE & NSE
 Retail Portion:  35%
 Equity:  38,987,081 Shares
 Discount:  ₹54 / Employees

UTI AMC IPO Market Lot:

UTI AMC IPO Allotment & Listing:

 Lot Size: Minimum 27 Shares & Maximum 351 Shares
 Minimum Amount:  ₹14958
 Maximum Amount:  ₹194454
 Basis of Allotment:  07 October 2020
 Refunds:  08 October 2020
 Credit to Demat Account:  09 October 2020
 Listing Date:  12 October 2020

UTI AMC IPO Form:

How to apply the UTI AMC IPO? You can apply UTI AMC IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the UTI AMC IPO in the Invest section. The other option you can apply UTI AMC IPO via IPO forms download via NSE and BSE. Check out the UTI AMC forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

UTI AMC Financial:

  ₹ in Crore

Revenue Expense PAT
2017 1049 528 38
2018 1163 617 35
2019 1081 590 29
Q1 FY 2020 497 257 38

Company Promoters:

  • THE COMPANY IS A PROFESSIONALLY MANAGED COMPANY AND DOES NOT HAVE AN IDENTIFIABLE PROMOTER

Quick Links:

DRHP Draft Prospectus
RHP Draft Prospectus

UTI AMC IPO Registrar:

KFin Technologies Private Limited
(formerly known as “Karvy Fintech Private Limited”)
Selenium Tower-B, Plot 31 & 32, Gachibowli
Financial District, Nanakramguda, Serilingampally
Hyderabad 500 032, Telangana, India
Tel: +91 40 6716 2222
E-mail: utiamc.ipo@kfintech.com
Investor Grievance E-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration Number: INR000000221
Note: Check UTI AMC IPO allotment status on Karvy website allotment URL. Click Here

UTI AMC IPO Lead Managers:

  • Axis Capital Limited
  • BoA Merrill Lynch
  • Citigroup Global Markets India Private Limited
  • ICICI Securities Limited
  • JM Financial Consultants Private Limited
  • Kotak Mahindra Capital Company Limited
  • SBI Capital Markets Limited

Company Address:

UTI ASSET MANAGEMENT COMPANY LIMITED
UTI Tower, ‘Gn’ Block,
Bandra-Kurla Complex, Bandra (East),
Mumbai 400051, Maharashtra
Tel: +91 22 6678 6666
Contact Person: Arvind Patkar
Company Secretary and Compliance Officer
E-mail: cs@uti.co.in
Website: https://www.utimf.com/
Corporate Identity Number: U65991MH2002PLC137867

UTI AMC IPO FAQs:


When UTI AMC IPO will open for Anchor Investors?
The Anchor Investors bidding to start on 28 September 2020.

When UTI AMC IPO will open for QIB, NII, and Retail?
The IPO to open on 29 September 2020 for QIB, NII, and Retail Investors.

What is UTI AMC IPO Investors Portion?
The investors' portion for QIB-50%, NII-10%, and Retail-35%.

How to Apply the UTI AMC IPO?
You can apply UTI AMC IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is UTI AMC IPO Allotment Date?
UTI AMC IPO allotment date is 07 October 2020. You can check IPO allotment here.

What is UTI AMC IPO Size?
Chemcon IPO size is Rs. 3000 crore.

What is UTI AMC IPO Listing Date?
UTI AMC IPO listing date is 12 October 2020. The IPO to list on NSE and BSE.

Note: The IPO price band and dates will be added as it will be officially announced. The IPO grey market premium (IPO GMP) will be added on the grey market page as it will start)