Bookbuilding IPO | ₹2,160 Cr | Listed at BSE, NSE | Tue, Sep 29, 2020 - Thu, Oct 1, 2020
UTI AMC IPO is a book build issue of ₹2,159.88 crores. The issue is entirely an offer for sale of 3.90 crore shares of ₹2,159.88 crore.
UTI AMC IPO bidding started from Sep 29, 2020 and ended on Oct 1, 2020. The allotment for UTI AMC IPO was finalized on Oct 7, 2020. The shares got listed on BSE, NSE on Oct 12, 2020.
UTI AMC IPO price band is set at ₹554 per share. The lot size for an application is 27. The minimum amount of investment required by an retail is ₹14,958 (27 shares) (based on upper price). The lot size investment for sNII is 14 lots (378 shares), amounting to ₹2,09,412, and for bNII, it is 67 lots (1,809 shares), amounting to ₹10,02,186.
The issue includes a reservation of up to 2,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to UTI AMC IPO RHP for detailed Information.
IPO Open
Tue, Sep 29, 2020
IPO Close
Thu, Oct 1, 2020
Issue Price
₹554 per share
Market Cap (Pre-IPO)
₹7,024.01 Cr
| IPO Date | 29 Sep to 1 Oct, 2020 |
| Listed on | Mon, Oct 12, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹552 to ₹554 |
| Issue Price | ₹554 per share |
| Lot Size | 27 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,89,87,081 shares (agg. up to ₹2,160 Cr) |
| Offer for Sale | 3,89,87,081 shares of ₹10 (agg. up to ₹2,160 Cr) |
| Share Holding Pre Issue | 12,67,87,254 shares |
| Share Holding Post Issue | 12,67,87,254 shares |
| BSE Script Code / NSE Symbol | 543238 / UTIAMC |
| ISIN | INE094J01016 |
UTI AMC IPO comprises a total issue size of 3,89,87,081 shares. The net offer to the public is 3,87,87,081 shares, after excluding 2,00,000 shares under a preferential allotment. Of the Net offer 1,93,93,540 (50.00%) are allocated to QIB, 58,18,062 (15.00%) allocated to NII 1,35,75,479 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,93,93,540 | 50.00% | 49.74% | NA |
| − Anchor Investor Shares Offered | 1,16,36,124 | 29.85% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 77,57,416 | 19.90% | NA | |
| NII (HNI) Shares Offered | 58,18,062 | 15.00% | 14.92% | NA |
| Retail Shares Offered | 1,35,75,479 | 35.00% | 34.82% | 5,02,795 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,00,000 | 0.51% | NA | |
| Total Shares Offered | 3,89,87,081 | 100.00% | 100.00% | |
Investors can bid for a minimum of 27 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 27 | ₹14,958 |
| Retail (Max) | 13 | 351 | ₹1,94,454 |
| S-HNI (Min) | 14 | 378 | ₹2,09,412 |
| S-HNI (Max) | 66 | 1,782 | ₹9,87,228 |
| B-HNI (Min) | 67 | 1,809 | ₹10,02,186 |
UTI AMC IPO raises ₹644.64 crore from anchor investors. UTI AMC IPO Anchor bid date is September 28, 2020.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Sep 28, 2020 |
| Shares Offered | 1,16,36,124 |
| Anchor Portion (₹ Cr.) | 644.64 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Nov 6, 2020 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jan 5, 2021 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The UTI AMC IPO is subscribed 2.31 times on October 1, 2020 6:00:07 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.34 | 77,57,416 | 2,58,98,157 |
| NII | 0.93 | 58,18,062 | 54,00,486 |
| Retail | 2.32 | 1,35,75,479 | 3,15,35,190 |
| Employee | 1.34 | 2,00,000 | 2,68,515 |
| Total | 2.31 | 2,73,50,957 | 6,31,02,348 |
| Category | % | No. of shares |
|---|---|---|
| QIB | 50% | 19,493,540 |
| NII | 15% | 5,848,062 |
| Retail | 35% | 13,645,480 |
| Total | 38,987,081 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers fees | 14.97 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commissionand selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 4.72 |
| 3 | Fees payable to Registrar to the Offer | 0.11 |
| 4 | Fees payable to the Auditors | 2.69 |
| 5 | Regulatory filing fees, book building software fees, listing fees, etc.) | 5.73 |
| 6 | Printing and stationery | 3.50 |
| 7 | Fee payable to legal counsels | 9.27 |
| 8 | Advertising and marketing | 7.16 |
| 9 | Other advisors to the Offer | 0.92 |
| 10 | Miscellaneous | 6.06 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹554.00 | ₹554.00 |
| Open | ₹490.25 | ₹500.00 |
| Low | ₹471.10 | ₹471.10 |
| High | ₹530.00 | ₹529.95 |
| Last Trade | ₹476.60 | ₹476.20 |
Lead Manager Reports
UTI AMC IPO is a main-board IPO of 3,89,87,081 equity shares of the face value of ₹10 aggregating up to ₹2,160 Crores. The issue is priced at ₹554 per share. The minimum order quantity is 27.
The IPO opens on Tue, Sep 29, 2020, and closes on Thu, Oct 1, 2020.
Kfin Technologies Ltd. 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 Tue, Sep 29, 2020 and closes on Thu, Oct 1, 2020.
UTI AMC IPO lot size is 27, and the minimum amount required for application is ₹14,958.
You can apply in UTI AMC IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Oct 9, 2020. Check the UTI AMC IPO allotment status.
The UTI AMC IPO listing date is on Mon, Oct 12, 2020.
