UTI AMC is the Second largest asset management company in India in terms of Total Assets under management (AUM) and eighth largest AMC Company in India in terms of Mutual Fund QAAUM as on Jun 30, 2020.
They manage 153 domestic mutual fund schemes, comprising equity, hybrid, income, liquid and money market funds as of June 30, 2020. Their Domestic Mutual Fund QAAUM was ₹1,336.3 billion as of June 30, 2020
UTI AMC IPO Offer Detail
The IPO of 3,89,87,081 shares comprises of offer for sale (OFS) by 5 selling shareholders.
Portfolio Management Services (PMS) Services Offered
- Employees’ Provident Fund Organization (EPFO)
- Coal Mines Provident Fund Organisation (CMPFO)
- Employees’ State Insurance Corporation (ESIC)
- National Skill Development Fund (NSDF)
- Postal Life Insurance (PLI)
- National Pension Fund (NPS)
Selling Shareholders of UTI AMC
| State Bank of India | 1,04,59,949 Shares |
| LIC | 1,04,59,949 Shares |
| Bank of Baroda | 1,04,59,949 Shares |
| PNB | 38,03,617 shares |
| T Rowe Price | 38,03,617 Shares |
Crossholding Rule
In case a shareholder holds 10% or more shares in a Mutual fund house, then it cannot hold share of similar size stake in another mutual fund house and cannot held any position in its Board.
Hence, to comply with crossholding rule its shareholders have to reduce their stake in UTI AMC.
Current Shareholders of UTI AMC
SBI, PNB, BOB, LIC each holding 18.5% equity shares and remaining stake is held by American giant T Rowe Price.
Objects of the Issue
The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges by Selling shareholders and the company will not receive money from the public issue.
UTI AMC Financial Performance Review
Rs. ‘In Cr.’
| Financials for the Period Ending | ||||
| Jun’20 | Mar’20 | Mar’19 | Mar’18 | |
| Total Revenue | 271.07 | 890.96 | 108.09 | 1162.75 |
| Total Expenses | 147.85 | 545.51 | 589.65 | 617.32 |
| Net Profit | 101.08 | 276.49 | 347.93 | 405.09 |
| Profit Growth | (25.83%) | (16.43%) | ||
| EPS | 7.93 | 21.53 | 27.83 | 28.73 |
IPO Detail of UTI AMC
| UTI AMC IPO Detail | |
| Issue Open | Sep 29 – Oct 01 |
| Issue Type | Offer for Sale (OFS) |
| Issue No. of Share | 3,89,87,081 No. of shares of face value Rs. 10 each |
| Issue Size | Rs. 2159.88 Cr (Approx.) |
| Price Band | Rs. 552 – 554 Per Share |
| Min Market Lot | 27 Shares |
| Listing Platform | NSE, BSE |
| Min Investment Amt (Retail) | Rs. 14,958/- |
| Max Investment Amt (Retail) | Rs. 194,454/- |
UTI AMC IPO Schedule
| IPO Schedule | |
| Bids Open | Sep 29, 2020 |
| Bids Closes | Oct 01, 2020 |
| Finalisation of basis of allotment | Oct 07, 2020 |
| Initiation of Refunds | Oct 08, 2020 |
| Credit of shares to Demat A/c | Oct 09, 2020 |
| Listing Date | Oct 12, 2020 |
UTI AMC IPO Registrar
KFIN Technologies Pvt Ltd (Formerly Karvy Fintech Pvt Ltd)
Plot No. 31 & 32, Gachibowali, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032
Phone: +91-40-6716 2222
Email: utiamc.ipo@kfintech.com Website: https://www.kfintech.com
UTI AMC IPO Lead Manager(s)
- Kotak Mahindra Capital Company Limited
- Axis Capital Limited
- Citigroup Global Markets India Pvt Ltd
- DSP Merrill Lynch Ltd
- ICICI Securities Limited
- JM Financial Limited
- SBI Capital Markets Limited
Frequently Asked Questions
UTI AMC IPO is an intial Public offering of equity shares of face value Rs. 10 per share.
UTI AMC is the largest asset management company in India in terms of Total Assets under management (AUM) and seventh largest AMC Company in India.
UTI AMC Issue will Open on Sep 29, 2020 and will close on Oct 01, 2020.
Price Band of Issue is kept at Rs. 552 – 554 per equity Share.
UTI AMC IPO allotment date is Oct 08, 2020.
GMP of UTI AMC is currently Rs. 140/- per share as on Sep 25, 2020.
UTI AMC IPO Listing date is Oct 12, 2020 on NSE and BSE