UTI AMC IPO Detail

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 India1,04,59,949 Shares
LIC1,04,59,949 Shares
Bank of Baroda1,04,59,949 Shares
PNB38,03,617 shares
T Rowe Price38,03,617 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.

Download UTI AMC DRHP

Download UTI AMC RHP

UTI AMC Financial Performance Review

Rs. ‘In Cr.’

Financials for the Period Ending
 Jun’20Mar’20Mar’19Mar’18
Total Revenue271.07890.96108.091162.75
Total Expenses147.85545.51589.65617.32
Net Profit 101.08276.49347.93405.09
Profit Growth (25.83%)(16.43%) 
EPS7.9321.5327.8328.73

IPO Detail of UTI AMC

UTI AMC IPO Detail
Issue OpenSep 29 – Oct 01
Issue TypeOffer for Sale (OFS) 
Issue No. of Share3,89,87,081 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 Lot27 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 OpenSep 29, 2020
Bids ClosesOct 01, 2020
Finalisation of basis of allotmentOct 07, 2020
Initiation of RefundsOct 08, 2020
Credit of shares to Demat A/cOct 09, 2020
Listing DateOct 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)

  1. Kotak Mahindra Capital Company Limited
  2. Axis Capital Limited
  3. Citigroup Global Markets India Pvt Ltd
  4. DSP Merrill Lynch Ltd
  5. ICICI Securities Limited
  6. JM Financial Limited
  7. 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

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