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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 ₹554.00 per share . The lot size for an application is 27. The minimum amount of investment required by an retail is ₹14,904 (27 shares). 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 Date | September 29, 2020 to October 1, 2020 |
| Listing Date | October 12, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹552 to ₹554 per share |
| Issue Price Final | ₹554 per share |
| Lot Size | 27 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 3,89,87,081 shares (aggregating up to ₹2,159.88 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 12,67,87,254 shares |
| Share Holding Post Issue | 12,67,87,254 shares |
UTI AMC IPO offers total 3,89,87,081 shares. Out of which 1,93,93,540 (49.74%) allocated to QIB, 77,57,416 (19.90%) allocated to QIB, 58,18,062 (14.92%) allocated to NII, 1,35,75,479 (34.82%) allocated to RII and 1,16,36,124 (29.85%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,93,93,540 (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 (14.92%) | NA |
| Retail Shares Offered | 1,35,75,479 (34.82%) | 5,02,795 |
| Employee Shares Offered | 2,00,000 (0.51%) | NA |
| Total Shares Offered | 3,89,87,081 (100.00%) |
| 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 |
UTI AMC IPO opens on September 29, 2020, and closes on October 1, 2020.
| IPO Open Date | Tue, Sep 29, 2020 |
| IPO Close Date | Thu, Oct 1, 2020 |
| Tentative Allotment | Wed, Oct 7, 2020 |
| Initiation of Refunds | Thu, Oct 8, 2020 |
| Credit of Shares to Demat | Fri, Oct 9, 2020 |
| Tentative Listing Date | Mon, Oct 12, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 1, 2020 |
Investors can bid for a minimum of 27 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (Rs in Million) | ||||
|---|---|---|---|---|---|
| 30-June-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 32,634.28 | 31,549.18 | 30,132.63 | 29,192.52 | |
| Total Revenue | 2,710.68 | 8,909.61 | 10,808.94 | 11,627.47 | |
| Profit After Tax | 1,010.75 | 2,764.85 | 3,479.27 | 4,050.91 | |
The Company UTI AMC IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] UTI AMC has emerged as the second-largest AMC post revamp. According to management, they are back on track with its improved performance for FY21 Q1. The company is gearing to give the best services to its clients and investors with modern technology and research-based investments. Considering its financial performance so far, the issue appears fully priced. Investors may park their funds with a long term perspective. Read detail review...
| Category | % | No. of shares |
|---|---|---|
| QIB | 50% | 19,493,540 |
| NII | 15% | 5,848,062 |
| Retail | 35% | 13,645,480 |
| Total | 38,987,081 |
| Listing Date | October 12, 2020 |
| BSE Script Code | 543238 |
| NSE Symbol | UTIAMC |
| ISIN | INE094J01016 |
| Final Issue Price | ₹554 per share |
| BSE Listing Group | B |
UTI Asset Management Co.Ltd.
UTI Tower, 'Gn' Block,
Bandra-Kurla Complex, Bandra (East),
Mumbai 400051, Maharashtra, India
Mumbai, Maharashtra
Phone: +91 22 6678 6666
Email: cs@uti.co.in
Website: https://www.utimf.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: utiamc.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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 ₹2,159.88 Crores. The issue is priced at ₹554 per share. The minimum order quantity is 27.
The IPO opens on September 29, 2020, and closes on October 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 September 29, 2020 and closes on October 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 Friday, October 9, 2020. Check the UTI AMC IPO allotment status.
The UTI AMC IPO listing date is on Monday, October 12, 2020.
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