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UTI AMC IPO is a book built issue of Rs 2,159.88 crores.
UTI AMC IPO bidding started from September 29, 2020 and ended on October 1, 2020. The allotment for UTI AMC IPO was finalized on Wednesday, October 7, 2020. The shares got listed on BSE, NSE on October 12, 2020.
UTI AMC IPO price band is set at ₹552 to ₹554 per share. The minimum lot size for an application is 27 Shares. The minimum amount of investment required by retail investors is ₹14,958.
Axis Capital Limited, Bofa Securities India Limited, Citigroup Global Markets India Private Limited, ICICI Securities Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the book running lead managers of the UTI AMC IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to UTI AMC IPO RHP for detailed information.
| IPO Date | September 29, 2020 to October 1, 2020 |
| Listing Date | October 12, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹552 to ₹554 per share |
| Lot Size | 27 Shares |
| Total Issue Size | 38,987,081 shares (aggregating up to ₹2,159.88 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 126,787,254 |
| Share holding post issue | 126,787,254 |
UTI AMC IPO offers 38,787,081 shares. 200,000 (0.52%) to employees.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| Employee Shares Offered | 200,000 (0.52%) | NA |
| Total Shares Offered | 38,787,081 (100%) |
UTI AMC IPO opens on September 29, 2020, and closes on October 1, 2020.
| IPO Open Date | Tuesday, September 29, 2020 |
| IPO Close Date | Thursday, October 1, 2020 |
| Basis of Allotment | Wednesday, October 7, 2020 |
| Initiation of Refunds | Thursday, October 8, 2020 |
| Credit of Shares to Demat | Friday, October 9, 2020 |
| Listing Date | Monday, October 12, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 1, 2020 |
Investors can bid for a minimum of 27 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,958 |
| Retail (Max) | 13 | 351 | ₹194,454 |
| Lot Size Calculator | |||
UTI AMC is a professionally managed company and does not have an identifiable promoter in terms of SEBI.
| Share Holding Pre Issue | 98.96% |
| Share Holding Post Issue |
Incorporated in 2002, UTI AMC is in the business of managing the domestic mutual funds of UTI Mutual Fund, provides portfolio management services to institutional clients and high net worth individuals like Employee Provident Fund Organisation, National Skill Development Fund, Postal Life Insurance, and manages retirement funds viz. NPS, offshore funds like Shinsei UTI India Fund, and alternative investment funds catering to a diverse group of individuals, institutional investors, banks, trusts, and NRIs.
Key Facts about UTI AMC
| Particulars | For the year/period ended (Rs in Million) | ||||
|---|---|---|---|---|---|
| 30-June-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 32,634.28 | 31,549.18 | 30,132.63 | 29,192.52 | |
| Total Revenue | 2,710.68 | 8,909.61 | 10,808.94 | 11,627.47 | |
| Profit After Tax | 1,010.75 | 2,764.85 | 3,479.27 | 4,050.91 | |
The objects of the Offer are:
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. The sale of up to 38,987,081 Equity Shares by the Selling Shareholders
[Dilip Davda] UTI AMC has emerged as the second-largest AMC post revamp. According to management, they are back on track with its improved performance for FY21 Q1. The company is gearing to give the best services to its clients and investors with modern technology and research-based investments. Considering its financial performance so far, the issue appears fully priced. Investors may park their funds with a long term perspective. Read detail review...
The UTI AMC IPO is subscribed 2.31 times on October 1, 2020 6:00:07 PM. The public issue subscribed 2.32 times in the retail category, 3.34 times in the QIB category, and 0.93 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 3.34 |
| NII | 0.93 |
| Retail | 2.32 |
| Employee | 1.34 |
| Total | 2.31 |
| Category | % | No. of shares |
|---|---|---|
| QIB | 50% | 19,493,540 |
| NII | 15% | 5,848,062 |
| Retail | 35% | 13,645,480 |
| Total | 38,987,081 |
| Listing Date | October 12, 2020 |
| BSE Script Code | 543238 |
| NSE Symbol | UTIAMC |
| ISIN | INE094J01016 |
| Final Issue Price | ₹554 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹554.00 |
| ₹490.25 |
| ₹471.10 |
| ₹530.00 |
| ₹476.60 |
| NSE |
|---|
| ₹554.00 |
| ₹500.00 |
| ₹471.10 |
| ₹529.95 |
| ₹476.20 |
UTI Asset Management Company Ltd
UTI Tower, 'Gn' Block,
Bandra-Kurla Complex, Bandra (East),
Mumbai 400051, Maharashtra, India
Phone: +91 22 6678 6666
Email: cs@uti.co.in
Website: https://www.utimf.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: utiamc.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
UTI AMC IPO is a main-board IPO of 38,987,081 equity shares of the face value of ₹10 aggregating up to ₹2,159.88 Crores. The issue is priced at ₹552 to ₹554 per share. The minimum order quantity is 27 Shares.
The IPO opens on September 29, 2020, and closes on October 1, 2020.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in UTI AMC IPO using UPI as a payment gateway. Zerodha customers can apply in UTI AMC IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in UTI AMC IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The UTI AMC IPO opens on September 29, 2020 and closes on October 1, 2020.
UTI AMC IPO lot size is 27 Shares, and the minimum amount required is ₹14,958.
You can apply in UTI AMC IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for UTI AMC IPO will be done on Wednesday, October 7, 2020, and the allotted shares will be credited to your demat account by Friday, October 9, 2020. Check the UTI AMC IPO allotment status.
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