UTI AMC IPO Details

UTI AMC IPOUTI 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. 

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

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 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 Term 
SMC Global – 3/5
Canara Bank Securities – Subscribe
Angel Broking – Subscribe
Investmentz – Subscribe for Long Term 
BP Wealth – Subscribe
Elite Wealth – Listing Gains
Anand Rathi – Subscribe for Long Term 
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 AMC 

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: To be updated

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