UTI Asset Management Co.Ltd. IPO
Issue Price
₹554
GMP
—
Lot Size
27
Face Value
₹10
Issue Size
38,987,081 shares (aggregating up to ₹2,160 Cr)
Subscription
—
IPO Timeline
Open Date29-Sep-20
Close Date1-Oct-20
Allotment7-Oct-20
Refund Initiation8-Oct-20
Demat Credit9-Oct-20
UPI Mandate Deadline1-Oct-20
Listing Date12-Oct-20
Lock-in (30%)6-Nov-20
Lock-in (50%)5-Jan-21
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 19,393,540 (50%) | — | ₹107,440 Cr |
| NII (HNI) | — | 5,818,062 (15%) | — | ₹32,232 Cr |
| Retail | — | 13,575,479 (35%) | — | ₹75,208 Cr |
| Employee | — | 200,000 (1%) | — | ₹111 Cr |
| Σ Total | — | 38,987,081 (100%) | — | ₹2,159,884 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Issue Price / Price Band₹554
Face Value₹10
Lot Size27 shares
Issue Size38,987,081 shares (aggregating up to ₹2,160 Cr)
Issue TypeBookbuilding IPO
Listing ExchangeNSE & BSE
Sale TypeOffer For Sale
Script Code—
Net Offer to Public—
Amount InCrore
Stock Price History · BSE
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Yahoo Finance · Live
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,958 |
| Retail (Max) | 13 | 351 | ₹194,454 |
| S-HNI (Min) | 14 | 378 | ₹209,412 |
| B-HNI (Min) | 67 | 1,809 | ₹1,002,186 |
Retail1 lot(s)27 shares₹14,958
S-HNI14 lot(s)378 shares₹209,412
B-HNI67 lot(s)1,809 shares₹1,002,186
Financial Statements Amount in Crore
| Metric | 30-June-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 271 | 891 | 1,081 |
| Profit After Tax | 101 | 276 | 348 |
| Total Assets | 3,263 | 3,155 | 3,013 |
Valuation & Key Ratios
ROE—
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PAT Margin—
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P/BV—
Pre EPS—
Post EPS—
Pre P/E—
Post P/E—
Grey Market Premium (GMP)
—
Current GMP
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To achieve the benefits of listing the Equity Shares on the Stock Exchanges and the sale of 38,987,081 Equity Shares by the Selling Shareholders in the Offer –
Company Overview
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
- According to CRISIL, UTI AMC is the largest AMC in India in terms of Total AUM, seventh-largest AMC in India in terms of mutual fund QAAUM with Rs 1,542.3 billion, and also has the largest share of monthly average AUM amongst top ten Indian AMC coming from B30 cities.
- The management fees from domestic mutual funds account for 72.7% of the total income of the company.
- UTI AMC has established the first mutual fund in India and has been in the asset management industry for more than 55 years with a strong history and proven track record in mutual fund mutual industry with strong brand recognition.
- UTI AMC has 11 million live folios accounting for 12.8% of client base managed by the Indian mutual fund industry.
- UTI AMC has a national footprint with 163 UTI Financial Centres, 273 Business Development Associates and Chief Agents and 33 other Official Points of Acceptance. UTI AMC also has approximately 51,000 Independent Financial Advisors.
- UTI AMC has four sponsors SBI, LIC, PNB and BOB each of which has the Government of India as a majority shareholder. UTI AMC also has a global asset management company T. Rowe Price International Ltd as one of its major stakeholders with a 26% stake in the Company.
- As of September 30, 2019, UTI AMC manages 178 domestic mutual fund schemes, comprising equity, hybrid, income, liquid, and money market funds.
Company Information
AddressUTI Tower, 'Gn' Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra, India Mumbai, Maharashtra
Phone+91 22 6678 6666
Emailcs@uti.co.in
Websitehttps://www.utimf.com/