UTI AMC IPO, Date, Price band and more details

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As the IPO season continues, UTI Asset Management Company is launching its IPO on September 29, 2020. It is one of India’s largest asset management companies and its IPO is bound to incite interest in investors. the company aims to raise ₹ 2159.88 crores through IPO.

UTI Asset management company

It is India’s most trusted Wealth creators and always has the interest of its investors in its heart. UTI AMC has completed 50 years as India’s leading Financial service institution and was the sole vehicle of capital market investment for Indian Citizens till the early ’90s. The institution has shown great resilience and has grown from strength to strength overcoming economic turbulence and global turnarounds.

Objective of the Issue

  • UTI AMC IPO aims To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
  • The sale of up to 38,987,081 Equity Shares by the Selling Shareholders.

Basic details about UTI AMC

Full nameUTI Asset Management Company Ltd
IndustyFinance/Asset management
Company Websitewww.utimf.com

Dates to remember

IPO Open29 September 2020
IPO Close01 October 2020
Basis of Allotment07 October 2020
Refunds date08 October 2020
Credit to Demat Account09 October 2020
 Listing Date12 October 2020

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹2144.29-₹2159.88 crores
Number of shares offered to the public38,987,081 shares
Face value₹10 per equity share
Price band₹552-₹554 per equity share
Retail portion35%
Lot size27 Nos
Minimum application1 lot – 27 shares
Maximum application13 lot – 351 shares
Minimum application amount₹14,958
maximum application amount₹194,454
Listing ExchangeBSE, NSE

Category-wise Break up

Category%No. of shares
Total 38,987,081

More details about the company

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, our client base accounts for 12.8% of the approximately 86 million folios that, according to CRISIL, are managed by the Indian mutual fund industry. The company’s history and track record in the mutual fund industry, strong brand recognition, distribution reach, performance, and client relationships provide a platform for future growth.

The company has a huge distribution network including 163 UTI Financial Centres (UFCs), 257 Business Development Associates (BDAs), and Chief Agents (CAs) (40 of whom operate Official Points of Acceptance (OPAs)) and 43 other OPAs. It also has a huge Independent Financial Advisor (IFA) network of over 53,000 IFAs. 

Sponsors of UTI AMC

  • Punjab National Bank (PNB)
  • State Bank of India (SBI)
  • Bank of Baroda (BOB)
  • Life Insurance Corporation of India (LIC)


Particulars (In Crores)2019201820172016
Paid-up Capital126.79126.7126.79126.79
Net Worth2407217218901578

Financial Summary

For the year/period ended (₹ in Million)
Total Assets32,634.2831,549.1830,132.6329,192.52
Total Revenue2,710.688,909.6110,808.9411,627.47
Profit After Tax1,010.752,764.853,479.274,050.91

Valuation of UTI AMC (as of FY2020)

Earnings Per Share (EPS)₹21.53
Price/Earnings (PE ratio)25.64 – 25.73
Return on Net Worth (RONW)9.88%
Net Asset Value (NAV)₹217.88 per share

Company Promoters

The company is a professionally managed company and does not have an identifiable promoter in terms of SEBI ICDR Regulations and the Companies Act.

Promoter holding pre-IPO : 98.96%

UTI AMC IPO Lead managers

  • Axis Capital Ltd
  • Kotak Mahindra capital co Ltd
  • Citi group Global markets India Pvt Ltd
  • DSP Merril Lynch Ltd
  • ICICI Securities Ltd
  • JM Financials Ltd
  • SBI Capital markets Ltd

Registrar of UTI AMC IPO

KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
 +91 40 2343 1551 
Email: utiamc.ipo@kfintech.com
Website: www.kfintech.com

Company Contact Details

UTI Asset Management Company Limited
UTI Tower, ‘Gn’ Block
Bandra-Kurla Complex, Bandra (East)
Mumbai 400051, Maharashtra 
Phone: +91 22 6678 6666
Email: cs@uti.co.in
Website: www.utimf.com

UTI AMC IPO Allotment Status

UTI AMC IPO allotment status will be available on KFin Technologies’ website.

Click on this link to get allotment status.

UTI AMC IPO Subscription Details

No. of Times Issue Subscribed
 (BSE + NSE)
As on Date & TimeQIB NII RII Employee Total 
Shares Offered7,757,4165,818,06213,575,479200,00027,350,957
Oct 1, 2020 18:003.34x0.93x2.32x1.34x2.31x

Final thoughts

UTI AMC IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.

happy investing

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