UTI Asset Management Company Ltd IPO Message Board (Page 26)

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UTI AMC IPO – Schedule *(FINAL)*

24th Sept – Announcement of Price Band
28th Sept – Anchor Investors Allotment
29th Sept – Offer Opens
01st Oct – Offer Closes
07th Oct – Finalisation of Basis of Allotment
08th Oct – Unblocking of ASBA Accounts
09th Oct – Credit of Equity Shares to Depository Accounts
12th Oct – Commencement of Trading


UTI AMC IPO – Issue Information *(Tentative)*

Issue Opens on: 29 September 2020
Issue Closes on: 01 October 2020
Issue Type: Book Built Issue IPO
Issue Size: 3,89,87,081 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.759 – Rs.760 per Share *(Estimated)*
Discount: Rs.60/- (for Employees)
Market Lot: 19 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 12,67,87,254 Shares
Employee Reservation of 2,00,000 Shares @700/- = Rs.14.00Crs (after discount of ~60/-)
Offer for Sale of 3,87,87,081 Shares @760/- = Rs.2,947.82Crs
Equity Shares outstanding after the Issue = 12,67,87,254 Shares

Category-wise Break up:
Anchor – 1,16,36,124 Shares = 884.35Crs
QIB – 77,57,416 Shares = 589.56Crs
NII – 58,18,062 Shares = 442.17Crs
RII – 1,35,75,479 Shares = 1,031.74Crs (Lot size: 19 = 7,14,499 Forms)
Empl. Quota – 2,00,000 Shares = 14.00Crs (@700 per Share)
Total Issue – 3,89,87,081 Shares = 2961.82Crs.

Subscription required for 1X
RII = 7,14,499 Forms
NII = 442.17Crs


UTI AMC IPO – Financial Information (Basis of Valuation)
The information is collated from the following documents:
1) DRHP = Draft Red Herring Prospectus dated December 18, 2019 (393 pages)

EPS for FY16-17 >>> Rs.31.57 (Page #74 of DRHP)
EPS for FY17-18 >>> Rs.28.73 (Page #74 of DRHP)
EPS for FY18-19 >>> Rs.27.83 (Page #74 of DRHP)
EPS for H119-20 >>> Rs.16.48 (Page #74 of DRHP)

RoNW for FY16-17 >>> 19.76% (Page #75 of DRHP)
RoNW for FY17-18 >>> 15.38% (Page #75 of DRHP)
RoNW for FY18-19 >>> 13.55% (Page #75 of DRHP)
RoNW for H119-20 >>> 07.71% (Page #75 of DRHP)

NAV as on September 30, 2019 was Rs.213.83 (Page #75 of DRHP)

Listed Industry Peer Group (Page #75 of DRHP):
HDFC Asset Management Company
Reliance Nippon Life Asset Management


UTI AMC IPO – *Market’s Current Estimates of oversubscription*:

RII = 25.00L Forms = 3.50X Applic. wise (Avg allotment of ~5.43 shares per lot)
NII = 50K Crs. = ~113.08X

Interest cost *@8.00%p.a.* for 7days = 116.60paise for 1X

Thus, for NII the costing = 113.08 X 116.60paise = Rs.131.85 per share (= GMP)

And, for RII the costing = 5.43 X 131.85 = Rs.716/- (= Kostak)

UTI AMC IPO – *GMP Estimated*
GMP 150 +/- 2
Kostak 800 +/- 25

UTI AMC IPO – Issue Information *(Tentative)*

Issue Opens on: ?? October 2020
Issue Closes on: ?? October 2020
Issue Type: Book Built Issue IPO
Issue Size: 3,89,87,081 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.925 – Rs.950 per Share *(Tentative)*
Discount: Rs.25/- (for Employees)
Market Lot: 15 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 12,67,87,254 Shares
Employee Reservation of 2,00,000 Shares @925/- = Rs.18.50Crs (after discount of ~25/-)
Offer for Sale of 3,87,87,081 Shares @950/- = Rs.3,684.77Crs
Equity Shares outstanding after the Issue = 12,67,87,254 Shares

Category-wise Break up:
Anchor – 1,16,36,124 Shares = 1,105.43Crs
QIB – 77,57,416 Shares = 736.95Crs
NII – 58,18,062 Shares = 552.72Crs
RII – 1,35,75,479 Shares = 1289.67Crs (Lot size: 15 = 9,05,032 Forms)
Empl. Quota – 2,00,000 Shares = 18.50Crs (@925 per Share)
Total Issue – 3,89,87,081 Shares = 3,703.27Crs.

Subscription required for 1X
RII = 9,05,032 Forms
NII = 552.72Crs

I think the ipo price will be below 900/- ( say 850 - 875)

Nice information

what ismeaning of

CAMS IPO – *GMP Estimated*
GMP 290 +/- 2
Kostak 800 +/- 25

IPO GMP means a premium above the share price or the price of the scrip. GMP of means INR 290 means 290 + IPO Price. That means, buyers are putting a premium of rs 290 over and above the IPO Price of the scrip.This is the leading indicator of how the market perceives the IPO

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. If you feel that your allotment chances are pretty low, you can sell your application in grey market at Kostak rate. If a scrip has Kostak rate of INR 700, that means you would get 700 rs by selling your application, irrespective of whether you get the allotment or not. If you get the allotment and the stock has a great listing, you are at a loss, whereas, if you do not get any allotment or get an allotment and the stock has a negative listing, you are in profit.

Finally gem of the IPO - much awaited UTI AMC ipo's date is confirmed... Let's hope for the best..

UTI IPO announced dates are 29th onwards. Congratulations ???? guys.

Do u know sir open date or bid price

Opening dates are 29th September to 1st October

What is GMP? everybody is interested to know GMP.

CAMS IPO – *GMP Estimated*
GMP 290 +/- 2
Kostak 800 +/- 25

All dates are confirmed except this IPO. Now I hope it should land next month due to liquid crunch in retail segment.

Do you think next month, this is going since last 2-3 months.. now they would only consider when this market correction is over..

Yes , may be it's true

Thanks vinodji on early reminder for this ipo for fund management.....
We are missing u since long...pls comment regularly on this forum...

UTI AMC issue opens on Sep 30 & closes on 5 Oct.

Are you sure, if it comes before that than it will be a bog issue for retailers.

*UTI AMC : IPO NOW ON 25 SEPTEMBER*

According to Market players, the much awaited IPO of UTI AMC is now expected on 25 September since the bullish phase of the market continues. If this IPO arrives as Mumbai market gupshup, then it can affect grey market premium of other IPOs. There is very small gap from now to 25th, and so IPO official advertisement must be published on Monday… lets wait and watch…

IPO OPENS ON 30TH SEPT

I think it is opening on 30th Sept

Dear admin, in ipo dashboard, it shows UTI AMC ipo as closed. Could you please check.

Thank you Amit Sir,
The issue has been resolved.

UTI AMC IPO – Schedule *(Tentative)*

25th Sept – Announcement of Price Band
29th Sept – Anchor Investors Allotment
30th Sept – Offer Opens
05th Oct – Offer Closes
08th Oct – Finalisation of Basis of Allotment
09th Oct – Unblocking of ASBA Accounts
12th Oct – Credit of Equity Shares to Depository Accounts
13th Oct – Commencement of Trading

UTI AMC IPO – Schedule *(Tentative)*

??th Oct – Announcement of Price Band
??th Oct – Anchor Investors Allotment
??th Oct – Offer Opens
??th Oct – Offer Closes
??th Oct – Finalisation of Basis of Allotment
??th Oct – Unblocking of ASBA Accounts
??th Oct – Credit of Equity Shares to Depository Accounts
??th Oct – Commencement of Trading


UTI AMC IPO – Issue Information *(Tentative)*

Issue Opens on: ?? October 2020
Issue Closes on: ?? October 2020
Issue Type: Book Built Issue IPO
Issue Size: 3,89,87,081 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.925 – Rs.950 per Share *(Tentative)*
Discount: Rs.25/- (for Employees)
Market Lot: 15 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 12,67,87,254 Shares
Employee Reservation of 2,00,000 Shares @925/- = Rs.18.50Crs (after discount of ~25/-)
Offer for Sale of 3,87,87,081 Shares @950/- = Rs.3,684.77Crs
Equity Shares outstanding after the Issue = 12,67,87,254 Shares

Category-wise Break up:
Anchor – 1,16,36,124 Shares = 1,105.43Crs
QIB – 77,57,416 Shares = 736.95Crs
NII – 58,18,062 Shares = 552.72Crs
RII – 1,35,75,479 Shares = 1289.67Crs (Lot size: 15 = 9,05,032 Forms)
Empl. Quota – 2,00,000 Shares = 18.50Crs (@925 per Share)
Total Issue – 3,89,87,081 Shares = 3,703.27Crs.

Subscription required for 1X
RII = 9,05,032 Forms
NII = 552.72Crs


UTI AMC IPO – Financial Information (Basis of Valuation)

EPS for FY16-17 >>> Rs.31.57 (Page #74 of DRHP)
EPS for FY17-18 >>> Rs.28.73 (Page #74 of DRHP)
EPS for FY18-19 >>> Rs.27.83 (Page #74 of DRHP)
EPS for H119-20 >>> Rs.16.48 (Page #74 of DRHP)

RoNW for FY16-17 >>> 19.76% (Page #75 of DRHP)
RoNW for FY17-18 >>> 15.38% (Page #75 of DRHP)
RoNW for FY18-19 >>> 13.55% (Page #75 of DRHP)
RoNW for H119-20 >>> 07.71% (Page #75 of DRHP)

NAV as on September 30, 2019 was Rs.213.83 (Page #75 of DRHP)

Listed Industry Peer Group (Page #75 of DRHP):
HDFC Asset Management Company
Reliance Nippon Life Asset Management

UTI AMC IPO – *Market’s Current Estimates of oversubscription*:

RII = 15.00L Forms = 1.66X Applic. wise (Avg allotment of ~9.05 shares per lot)
NII = 25K Crs. = ~45.23X

Interest cost *@7.00%p.a.* for 7days = 127.53paise for 1X

Thus, for NII the costing = 45.23 X 127.53paise = Rs57.69 per share (= GMP)

And, for RII the costing = 9.05 X 57.69 = Rs.522/- (= Kostak)

UTI AMC IPO – *GMP Estimated*
GMP 60 +/- 2
Kostak 525 +/- 25

Yes, sbi shareholder can bid in shareholder quota

This IPO is getting dragged every month.

Uti AMC मे कोई शेयर होल्डर कोटा है क्या...

Will this IPO come this Month? If its not coming in September then Oct/Nov will have a volatile market due to US elections.Any news/guesses when will it come?

News is that it will come on 14th sep

It will be come on 14 sep 2020

UTI AMC to put Rs 1,250-cr ‘disputed staff liability’ in IPO prospectus - Business Line - https://www.thehindubusinessline.com/markets/stock-markets/uti-amc-to-put-1250-cr-disputed-staff-liability-in-ipo-prospectus/article32498939.ece

https://www.google.com/amp/s/wap.business-standard.com/article-amp/companies/bombay-hc-directs-uti-amc-to-include-staff-liabilities-in-ipo-prospectus-120090100834_1.html

Good information. For this Litigation, the IPO was delayed. Now we can expect the IPO to open in 2nd half of Sept.20