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UTI Asset Management Company Ltd IPO: Price, Allotment, Listing, Subscription, Gmp

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 IPO

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)2019201820172016
Gross Income10081018853749
Gross Expense515537452.7407.29
PBT492481398.5341.82
TAX143140107.7109.77
PAT348341290232.05
EPS27.4826.9322.9418.33
Paid-up Capital126.79126.79126.79126.79
Net Worth2407217218901578

UTI AMC Ltd. Details

Security TypeEquity
SymbolUTIAMC
Issue PeriodSep 29, 2020 – Oct 1, 2020
IPO Market Timings10.00 am to 5.00 pm
Issue Size – No. of Shares38,987,081 Eq Shares of ₹10
(aggregating up to ₹3,000.00 Cr)
Price Band ₹ 759 – ₹760  Per Share
Face Value10
Market Lot19 Shares
List atNSE, BSE
Discount: ₹60 / Employees
Shares to buy Today

Tentative Date/ Timetable of UTI AMC IPO

Bid/Offer Opens OnSep 29, 2020
Bid/Offer Closes OnOct 1, 2020
Finalisation of Basis of AllotmentOct 7, 2020
Initiation of RefundsOct 8, 2020
Credit of Shares to Demat AcctOct 9, 2020
IPO Shares Listing DateOct 12, 2020

UTI AMC Ltd. Latest Grey Market Premium (GMP)

DATEOFFER PRICEGREY MARKET PREMIUMKOSTAK RATES
30.09.2020₹76060₹500
29.09.2020₹760₹130₹600
28.09.2020₹760₹150₹800
25.09.2020₹760₹150₹800
24.09.2020₹760₹170₹700
23.09.2020₹760150₹800
22.09.2020₹760₹150₹800

IPO Subscription Details of Angel Broking Ltd.

SUBSCRIPTION (CATEGORY WISE)SHARES OFFEREDDAY 1DAY 2DAY 3
QIB7,757,4160.00x0.48x3.34x
NII5,818,0620.01x0.35x0.93x
Retail13,575,4790.25x1.15x2.32x
Employee200,0000.29x0.66x1.34x
Total27,350,9570.13x0.79x2.31x

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
Email: cs@uti.co.in
Websitehttps://www.utimf.com/

UTI AMC IPO Registrar

KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032.

Phone: 1-800-3454001
Email: utiamc.ipo@kfintech.com
Websitehttps://karisma.kfintech.com/

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