UTI AMC will be the latest IPO to hit the primary markets on 29 September and will clash with public offers of Likhitha Infrastructure and Mazagon Dock Shipbuilders. The company, India’s second largest Asset Management Company (AMC), has priced its offer in the range of INR552 – 554 per share. Since the markets have been quite volatile in recent days, UTI AMC IPO GMP has also seen its fair share of ups and downs. Check out the latest UTI AMC IPO GMP (Grey Market Premium), Kostak rates and Subject to Sauda rates here.
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 distribution network includes 163 UTI Financial Centres (UFCs), 257 Business Development Associates (BDAs) and Chief Agents (CAs), 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.
UTI AMC IPO GMP (Grey Market Premium) rates
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
| 10 Oct 2020 | -25 | – | – |
| 9 Oct 2020 | -30 | – | – |
| 8 Oct 2020 | -10 | – | – |
| 7 Oct 2020 | -30 | – | – |
| 6 Oct 2020 | -20 | – | – |
| 5 Oct 2020 | -20 | – | – |
| 3 Oct 2020 | -10 | – | – |
| 2 Oct 2020 | 10 | – | – |
| 1 Oct 2020 | 30 | 300 | 500 |
| 30 Sep 2020 | 30 | 300 | – |
| 29 Sep 2020 | 40 | 400 | – |
| 28 Sep 2020 | 40 | 400 | – |
| 26 Sep 2020 | 70 | 450 | – |
| 25 Sep 2020 | 130 | 600 | – |
| 24 Sep 2020 | 140 | 700 | – |
| 23 Sep 2020 | 150 | 500 | – |
Important points about IPO grey market and IPO GMP
IPO grey market movements may change very quickly and rates may be volatile. It is risky to base an investment decision on gray market IPO rates. Please refer to our research and analysis section.
Research has shown that retail investors are strongly influenced by market sentiment and as a result, are prone to overreaction, especially when it comes to IPO investing. Place your bets wisely!
IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.
We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.
IPO GMP is the rate of premium an IPO commands per share in the informal grey market. This is the leading indicator of how the market perceives the IPO.
Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.
Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.
