We have a detailed review of UTI AMC IPO. In this article will discuss release date, IPO offer price, subscription, UTI AMC IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
UTI AMC is the seventh-largest asset management company in India in terms of mutual fund QAAUM as of September 30, 2019, according to CRISIL. With more than 11 million Live Folios as of September 30, 2019, their client base accounts for 12.8% of the approximately 86 million folios that, according to CRISIL, are managed by the Indian mutual fund industry. their history and track record in the mutual fund industry, strong brand recognition, distribution reach, performance and client relationships provide a platform for future growth.
They are a professionally managed company led by their Board of Directors and a dedicated and experienced management team. For purposes of the SEBI Mutual Fund Regulations, their 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 our other major shareholder (through its subsidiary T. Rowe Price International Ltd. (“TRP”)).
UTI AMC Promotors
UTI AMC is a professionally managed company and does not have an identifiable promoter in terms of SEBI.
Lead Managers of UTI AMC Ltd.
- Axis Capital Limited
- BoA Merrill Lynch
- Citigroup Global Markets India Private Limited
- ICICI Securities Limited
- JM Financial Consultants Private Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
Financials of UTI AMC Ltd.
|Particulars (Rs. in Crores)||2019||2018||2017||2016|
UTI AMC Ltd. Details
|Issue Period||Sep 29, 2020 – Oct 1, 2020|
|IPO Market Timings||10.00 am to 5.00 pm|
|Issue Size – No. of Shares||38,987,081 Eq Shares of ₹10|
(aggregating up to ₹3,000.00 Cr)
|Price Band||₹ 759 – ₹760 Per Share|
|Market Lot||19 Shares|
|List at||NSE, BSE|
|Discount:||₹60 / Employees|
Tentative Date/ Timetable of UTI AMC IPO
|Bid/Offer Opens On||Sep 29, 2020|
|Bid/Offer Closes On||Oct 1, 2020|
|Finalisation of Basis of Allotment||Oct 7, 2020|
|Initiation of Refunds||Oct 8, 2020|
|Credit of Shares to Demat Acct||Oct 9, 2020|
|IPO Shares Listing Date||Oct 12, 2020|
UTI AMC Ltd. Latest Grey Market Premium (GMP)
|DATE||OFFER PRICE||GREY MARKET PREMIUM||KOSTAK RATES|
IPO Subscription Details of Angel Broking Ltd.
|SUBSCRIPTION (CATEGORY WISE)||SHARES OFFERED||DAY 1||DAY 2||DAY 3|
IPO Allotment status of UTI AMC Ltd.
UTI AMC Ltd. IPO Allotment Status can be checked here by clicking to find the IPO Allotment Status. Allotment of Equity Shares as per the Fresh Issue and move of the Offered Shares of the Promoter Selling Shareholders compliant with the Offer available to be purchased to the effective Bidders.
Company Contact Information
UTI Asset Management Company Ltd
UTI Tower, ‘Gn’ Block,
Bandra-Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra, India
Phone: +91 22 6678 6666
UTI AMC IPO Registrar
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032.