Seventh largest asset management company in India in terms of mutual fund QAAUM and with more than 11 million Live Folios. Client base accounts for 12.8% of the approximately 86 million folios that, according to CRISIL, are managed by the Indian mutual fund industry.
UTI Asset Management Company Ltd (UTI AMC), Mumbai based share broking firm established in 1996 is independent full-service retail broking houses. Products and services includes share broking and advisory services across equity, commodity and currency segments. It has a strong research team support of 54 members assisting Institutional and retail clients.
UTI AMC is professionally managed company led by Board of Directors and a dedicated and experienced management team. For purposes of the SEBI Mutual Fund Regulations, 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 other major shareholder (through its subsidiary T. Rowe Price International Ltd. (“TRP”)).
Through this IPO, UTI AMC is looking to raise Rs 2,148.8 Crores through Offer for sale by promoters and shareholders and for general corporate purpose.
UTI AMC IPO issue would start for subscription on 29-Sep-20 till 1-Oct-20 with price band of Rs 552 to Rs 554 per share.
UTI AMC is providing following services:
- Managing Mutual fund of UTI Mutual Fund
- I
- M
- L
Key Numbers (as on June 30, 2020):
- 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.
- IFAs channel includes approximately 51,000 Independent Financial Advisors (“IFAs”
Key Management
| Dinesh Kumar Mehrotra | Chairman |
| Imtaiyazur Rahman | CEO |
| Surojit Saha | CFO |
| - | - |
| Arvind Patkar | CS & Compliance Officer |
UTI AMC IPO Snapshot
| Issue Open | 29-Sep-2020 |
| Issue Close | 1-Oct-2020 |
| Face Value | Rs 10/- |
| Price Band | Rs 552 to Rs 554 (Including premium of Rs 542 to Rs 544 per share) |
| Discount | Nil |
| Bid Lot | 27 shares and in mutiples |
| Listing on | BSE and NSE |
| Mode of Payment | UPI / ASBA (Mandatory); Applications using third party UPI/ASBA Bank accounts are liable to rejected |
Issue & Subscribed Details
| Particulars | Issued | Subscribed |
|---|---|---|
| Issue Size | Rs. 2,148.8 Crores | Rs. - Crores |
| QIB Portion | ~49% | 3.3 times |
| NII Portion (Application for lot size of 15 & above) | ~15% | 0.9 times |
| Retail Portion (Applications for lot size between 1 & upto 15) | ~35% | 2.3 times |
| Employees Portion | ~1% | 1.3 times |
| Existing Shareholders Portion | N/A | N/A |
| Total | 100% | 2.3 times |
Indicative Dates
| Issue Open | 29-Sep-2020 |
| Issue Close | 1-Oct-2020 |
| Anchor Investor Bidding | One working day prior to Issue opening date 28-Sep-2020 |
| Announcement of Allotment | 7-Oct-2020 |
| Initiation of Refunds | 8-Oct-2020 |
| Credit of Shares | 9-Oct-2020 |
| Listing | 12-Oct-2020 |
Lead Managers of UTI AMC IPO
List of Book Running and Lead/Co-Lead Manager/s
Registrar of UTI AMC IPO
| KFIN Technologies Private Limited |
Valuation
Company is looking at the following valuation
| Issue Size | Rs 2,148.8 Cr. |
| Pre-Issue Promoter's Holding | 100% |
| Post Issue Promoter's Holding | % |
| Pre-Issue Shares | - Crores |
| Post Issue Shares | - Crores |
| Post Issue Market Cap | Rs to Rs Crores |
Address of UTI AMC IPO
| Name | UTI Asset Management Company Ltd. |
| Corporate Identity Number | U65991MH2002PLC137867 |
| Contact Person | Arvind Patkar, Company Secretary and Compliance Officer |
| Registered & Corporate Office | UTI Tower, ‘Gn’ Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra, India Tel: +91 22 6678 6666 |
| Website | https://www.utimf.com/ |
| cs@uti.co.in |
Check Allotment Status of UTI AMC IPO
| Please check below or visit here to check allotment status of UTI AMC IPO |
Frequently Asked Questions (FAQ)
| Q. How to Apply for IPO ? A. IPO can be applied Online and Offline mode. Online: a) Via Netbanking of Bank website b) Via Stock brokers portal Offline: a) Collect application forms from Brokers > Fill demat details & UPI > Submit to any broker across India. b) Download forms from NSE/BSE website > Fill demat details & UPI > Submit to any broker across India. |
| Q. How to register for BHIM UPI? UPI is made mandatory by SEBI to apply for IPO's. To educate investors National Payment Corporation of India (NPCI) has come out with the useful video. This video educates on how to download BHIM UPI app and its process to register. Source: NPCI |
| What is UPI based ASBA Process ? To educate people to apply for IPO's National Payment Corporation of India (NPCI) has come out with the useful video. This video educates consumers on how the IPO process works and how subscribing for IPOs via BHIM UPI helps reduce the time and effort one needs to take for the same. Source: NPCI |
| How to calculate bid Amount? For easyness, one can use below calculator to calculate amount required for bidding of applications Source: NPCI |
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