UTI AMC IPO Details
UTI AMC IPO description – UTI AMC is the second largest asset management company in India in terms of Total AUM and the eighth largest asset management company in India in terms of mutual fund QAAUM as of 30 June 2020.  The company manages the domestic mutual funds of UTI Mutual Fund, provides portfolio management services (PMS) to institutional clients and high net worth individuals (HNIs), and manages retirement funds, offshore funds and alternative investment funds.
UTI AMC’s total QAAUM for domestic mutual funds was INR1,336.3 billion, while Other AUM was INR8,493.9 billion as of 30 June 2020. With 10.9 million live folios as of 31 March 2020, its client base accounted for 12.2% of the 89.7 million folios that are managed by the Indian mutual fund industry.
As of 30 June 2020, its distribution network includes 163 UTI Financial Centres (UFCs), 257 Business Development Associates (BDAs) an Chief Agents (CAs) (40 of whom operate Official Points of Acceptance (OPAs)) and 43 other OPAs, most of which are in each case located in B30 cities. Its Independent Financial Advisors (IFA) channel includes approximately 53,000 IFAs as of 30 June 2020.Â
Promoters of UTI AMC – The company is a professionally managed company and does not have an identifiable promoter
| UTI AMC IPO details | |
| Subscription Dates | 29 Sep – 1 Oct 2020 |
| Price Band | INR552 – 554 per share |
| Fresh issue | Nil |
| Offer For Sale | 38,987,081 shares (INR2,152.1 – 2,159.9 crore) |
| Total IPO size | 38,987,081 shares (INR2,152.1 – 2,159.9 crore) |
| Minimum bid (lot size) | 27 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
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UTI AMC’s financial performance (in INR crore) |
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| Â | FY2017 | FY2018 | FY2019 | Q1 FY2020 |
| Revenue | 1,048.6 | 1,162.7 | 1,080.9 | 496.4 |
| Expenses | 527.7 | 617.3 | 589.6 | 257.1 |
| Net income | 395.2 | 404.6 | 311.1 | 186.9 |
| Net margin (%) | 37.7 | 34.8 | 28.8 | 37.7 |
Registrar of UTI AMC IPO
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax: +91 40 2343 1551Â
Email: [email protected]
Website:Â www.kfintech.com
UTI AMC Contact Details
UTI Asset Management Company Limited
UTI Tower, ‘Gn’ Block
Bandra-Kurla Complex, Bandra (East)
Mumbai 400051, MaharashtraÂ
Phone:Â +91 22 6678 6666
Email: [email protected]
Website:Â www.utimf.com
Valuation of UTI AMC (as of FY2020)
Earnings Per Share (EPS): INR21.53
Price/Earnings (PE ratio): 25.64 – 25.73
Return on Net Worth (RONW): 9.88%
Net Asset Value (NAV): INR217.88 per share
UTI AMC IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 7,757,416 | 0.00 | 0.48 | 3.34 |
| NII | 5,818,062 | 0.06 | 0.35 | 0.93 |
| Retail | 13,575,479 | 0.51 | 1.15 | 2.32 |
| Employees | 200,000 | 0.31 | 0.66 | 1.33 |
| Total | 27,350,957 | 0.27 | 0.79 | 2.31 |
UTI AMC IPO Analyst Reviews
HEM Securities – Subscribe
Choice Broking – Subscribe for Long TermÂ
SMC Global – 3/5
Canara Bank Securities – Subscribe
Angel Broking – Subscribe
Investmentz – Subscribe for Long TermÂ
BP Wealth – Subscribe
Elite Wealth – Listing Gains
Anand Rathi – Subscribe for Long TermÂ
KR Choksey – Subscribe
Capital Market – 40/100
UTI AMC IPO Allotment Status
UTI AMC IPO allotment status is now available on KFin Technologies’ website. Click on this link to get allotment status.
Listing Performance of UTI AMCÂ
IPO Opening Date: 29 September 2020
IPO Closing Date: 1 October 2020
Finalisation of Basis of Allotment: 7 October 2020
Initiation of refunds: 8 October 2020
Transfer of shares to demat accounts: 9 October 2020
Listing Date: 12 October 2020
Opening Price on NSE: INR500 per share (down 9.75% from IPO price)
Closing Price on NSE: INR476.2 per share (down 14.04% from IPO price)
