UTI AMC IPO Details

UTI AMC IPOUTI AMC IPO description – UTI AMC is the largest asset management company in India in terms of Total AUM and the seventh largest asset management company in India in terms of mutual fund QAAUM as of 30 September 2019.  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.

As of 30 September 2019, its total QAAUM for domestic mutual funds was INR1,542.3 billion, while Other AUM was INR6,254.7 billion. The management fees in respect of its domestic mutual funds accounted for 72.7% of its total income for the six-month period ended 30 September 2019. With 11 million live folios as of 30 September 2019, its client base accounted for 12.8% of the 86 million folios that are managed by the Indian mutual fund industry.

As of 30 September 2019, its distribution network includes 163 UTI Financial Centres (UFCs), 273 Business Development Associates (BDAs) an Chief Agents (CAs) (46 of whom operate Official Points of Acceptance (OPAs)) and 33 other OPAs, most of which are in each case located in B30 cities.  Its Independent Financial Advisors (IFA) channel includes approximately 51,000 IFAs as of 30 September 2019. 

Promoters of UTI AMC – The company is a professionally managed company and does not have an identifiable promoter
UTI AMC IPO details
Subscription Dates To be updated
Price Band To be updated
Fresh issue Nil
Offer For Sale 38,987,081 shares
Total IPO size 38,987,081 shares
Minimum bid (lot size) To be updated
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
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UTI AMC’s financial performance (in INR crore)

  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: +91 40 6716 2222 
Fax:
+91 40 2343 1551 
Email: [email protected]
Website: www.kfintech.com

UTI AMC 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: [email protected]
Website: www.utimf.com

Valuation of UTI AMC (as of FY2019)

Earnings Per Share (EPS): INR27.83
Price/Earnings (PE ratio): To be updated
Return on Net Worth (RONW): 13.55%
Net Asset Value (NAV): INR205.41 per share

UTI AMC IPO Subscription Details

Category Shares offered Subscription (no. of times)
Day 1 Day 2 Day 3
QIB        
NII        
Retail        
Employees        
Total        

UTI AMC IPO Analyst Reviews

Anand Rathi – To be updated
Mehta Equities – To be updated
HEM Securities – To be updated
Choice Broking – To be updated
Angel Broking – To be updated
ICICIdirect – To be updated
Ajcon Global – To be updated
SMC Global – To be updated

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.

Listing Performance of UTI AMC 

IPO Opening Date: To be updated
IPO Closing Date: To be updated
Finalisation of Basis of Allotment: To be updated
Initiation of refunds: To be updated
Transfer of shares to demat accounts: To be updated
Listing Date: To be updated
Opening Price on NSE: To be updated
Closing Price on NSE: To be updated