UTI AMC IPO : UTI MUTUAL FUND IPO Date, Review, GMP, Price Band Details

UTI AMC IPO from UTI Mutual Fund, IPO Review, Dates, Price Bands, Market Lot, UTI AMC IPO Grey Market Price Details

The UTI Mutual Fund IPO is one of the latest IPO from the UTI Asset management company that is in compliance with the SEBI. Let’s have a read here about the IPO release date, IPO offers price, IPO subscription, IPO allotment, grey market price, and other details.

The UTI is an asset management company (AMC) that was earlier a part of the United Trust of India. The United Trust of India Mutual Fund is one of the oldest as well as the largest Mutual funds company in India.

About UTI AMC

UTI came into existence in 1964 through an act of Parliament. Its first scheme was US-64. In 2003, when US-64 collapsed, UTI was split into the Specified Undertaking of the Unit Trust of India (SUUTI) and UTI AMC. The net asset value-based schemes were shifted to UTI AMC, while large equity holdings and other assets including real estate and 25 assured-return schemes went to SUUTI. As of March 31, UTI Mutual Fund had 195 schemes in operation with average assets under management (AUM) at Rs 1.5 lakh crore.

UTI AMC is today a household name in India and has a wide portfolio to suit the varied needs of investors supported by industry-led best practices, long-term vision, and shareholder values. With 150 branches, 47,000 highly trained IFAs, 320 Chief Agents and Business Development Associates and over 1 crore investor accounts, UTI AMC is one of the leading financial institutions with a pan Indian presence.

UTI AMC with 150 branches and over 10 million investor accounts has four subsidiaries — UTI Venture Fund Management, UTI International, UTI Retirement Solutions and UTI Capital. Its net worth as of March 31 was Rs 2,408 crore, up from Rs 2,173 crore in the previous year. Profit after tax was Rs 348 crore as of March 31 against Rs 341 crore in the previous year.

UTI Mutual Fund

Mutual Fund UTI Mutual Fund
Setup Date Feb-01-2003
Incorporation Date Nov-14-2002
Sponsor State Bank of India / Punjab National Bank / Bank of Baroda / Life Insurance Corporation
Trustee UTI Trustee Co (P) Ltd
Chairman N.A
CEO / MD Mr. Leo Puri
CIO N.A
Compliance Officer Mr. Vivek Maheshwari
Investor Service Officer Ms. Nanda Malai
Assets Managed Rs. 154229.01 crore (Sep-30-2019)

Summary of UTI Mutual Fund IPO

UTI Asset Management Co. (UTI AMC):- UTI AMC is likely to come out with a ₹ 3,000-crore IPO. If UTI’s IPO materializes, then it will be the third AMC to be listed on the bourses behind Reliance Nippon Life AMC and HDFC AMC.

The company is managed by some of India’s top banks and financial institutions, so the decision to go for an IPO and the process of filing the Draft Red Herring Prospectus is not a single-handed decision.

UTI’s four domestic shareholders — LIC, State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) — hold 18.5 percent stake each and also have their own AMCs. Hence the cross-holding rule applies to all the four. US asset manager T Rowe Price holds the remaining 26 percent stake.

“Documentation work will start once the investment bankers are appointed. The valuation and the IPO size will be finalized subsequently,” said another person familiar with the development. “The bankers will be appointed in the next couple of weeks while the IPO is likely to be launched by March-April 2020.”

UTI AMC IPO – Issue Details:

Issuer UTI Asset Management Company
Issue Type 100% Book Built Issue IPO
Issue Period Issue Opens: 2020
Issue Closes: 2020
Price Brand Rs.- per Equity Share (Expected)
Issue Size Rs.3000* Crores
Face Value Rs.10 per Equity Share
Bit Lot X Equity Shares and in multiples thereof
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Employee Reservation X Equity Shares (Rs. – Crs)
Employee Discount Rs.- per Equity Share
Listing NSE & BSE
Registrar  
Book Running Lead Managers  
Grey Market Price UTI AMC IPO Grey Market Premium
Upcoming IPO 2020 Upcoming NCD 2020

UTI AMC IPO Dates & Price Band

  • IPO Open: 2020
  • IPO Close: 2020
  • IPO Size: Approx ₹5000 Crore
  • Face Value: ₹10 Per Equity Share
  • Price Band: ₹ to ₹ Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: No. Shares

UTI AMC IPO Market Lot

  • Shares: Apply for Shares (Minimum Lot Size)
  • Amount: ₹14,—

UTI AMC IPO Allotment & Listing

  • The basis of Allotment: 2020
  • Refunds: 2020
  • Credit to Demat accounts: 2020
  • Listing: 2020

UTI AMC IPO Dates

The opening and the closing date of the UTI Mutual Fund IPO is coming 2020.

UTI AMC IPO Allotment Status

Here, you can refer to the table to know the allotment status of this IPO.

The basis of Allotment Finalization 2020
Refunds Initiation 2020
Credit of Shares to Demat Account 2020
Share Listing Date 2020

UTI AMC earnings profile and asset quality

Keen investors are very speculative about UTI AMC earning profile and asset quality.

So, here we have presented the UTI AMC earning profile.

The return on the asset has been around 2.4 percent in the last three years, supported by the healthy interest margin (NIM) and the low credit cost.

The asset quality of UTI AMC is affordably healthy with gross nonperforming assets at two percent as on September 30, 2018.

UTI AMC Shareholding Pattern:

Shareholder(2018-19) No. of Shares(Cr) %
State Bank of India 2.3125 18.24%
Life Insurance Corporation of India 2.3125 18.24%
Bank of Baroda 2.3125 18.24%
Punjab National Bank 2.3125 18.24%
T. Rowe Price International Limited 3.2965 26%

Financials of UTI AMC:

Particulars( Cr) 2019 2018 2017 2016
Gross Income 1008 1018 853 749
Gross Expense 515 537 452.7 407.29
PBT 492 481 398.5 341.82
TAX 143 140 107.7 109.77
PAT 348 341 290 232.05
EPS 27.48 26.93 22.94 18.33
Paid-up Capital 126.79 126.79 126.79 126.79
Net Worth 2407 2172 1890 1578

Comparison With Peers:

Company FV Share Price MCap (cr) AUM(cr) MCap/AUM
Reliance Nippon 10 282 17,314 2,09,484 8%
HDFC AMC 5 2610 55,509 3,75,560 15%
UTI AMC 10 780 9889 1,59,764 6%

UTI AMC IPO Review & Ratings

UTI Mutual Fund IPO Ratings & Review
Criteria Ratings
Industry Sentiments 8.3/10
Industry Ranking 8.2/10
Company Background 8.1/10
Company Reputation 8.0/10
Competitive Edge 8.2/10
Financial Statements 8.2/10
Popularity Index 8.1/10
Promoters Reputation 8.0/10
Retail Appetite 8.1/10
Top Brokers Review 8.2/10
Overall Ratings 8.1/10
Star Ratings ★★★★☆

How to Apply for UTI AMC IPO?

If you have a Demat account, most banks offer the online IPO application. You can also contact the broker to apply for in UTI AMC IPO?

Most banks including the SBI bank, ICICI Bank, Axis, and Kotak bank allow the customer to apply in IPO using the Demat account.

UTI ASSET MANAGEMENT COMPANY LIMITED COMPANY INFORMATION

DIRECTORS

  • Mr. D K Mehrotra, Non-Executive Chairman, and Independent Director
  • Mr. James S. Riepe Associate Director
  • Mr. Flemming Madsen Associate Director
  • Mr. M V Suryanarayana Independent Director
  • Mr. N. Seshadri Independent Director
  • Mrs. Uttara Dasgupta Independent Director

Acting Chief Executive Officer:- Mr. Imtaiyazur Rahman
Company Secretary:- Mr. Kiran Vohra
Auditors:- S. Bhandari & Co. Chartered Accountants
Bankers:- Axis Bank Ltd.

Management team

  •  Mr. Imtaiyazur Rahman – Whole Time Director of UTI AMC Ltd.
  •  Mr. Vetri Subramaniam – Group President& Head-Equity
  •  Mr. Amandeep Chopra – Group President& Head-Fixed Income

UTI AMC Contact Details

Company Address:

Registered Office:

UTI Tower, ‘Gn’ Block, Bandra-Kurla Complex,
Bandra (East), Mumbai – 400 051.

Tel:-:

  • 1800 26 61230 – Toll-Free
  • (+91) 022 6227 8000 – Non-Toll Free

The IPO price and band dates will be added as it will be officially announced.

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Final Words Dear readers,

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UTI AMC IPO FAQs:

What is UTI AMC IPO?

The UTI Mutual Fund IPO is one of the latest IPO from the UTI Asset management company (UTI AMC) that is in compliance with the SEBI.
The UTI is an asset management company (AMC) that was earlier a part of the United Trust of India. The United Trust of India Mutual Fund is one of the oldest as well as the largest Mutual funds company in India.

When UTI AMC IPO will open?

The issue will be open in January 2020.

How to Apply the UTI AMC IPO?

You can apply UTI AMC IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to apply for UTI Mutual Fund IPO through the Zerodha?

Here are the steps to apply under shareholder category through Zerodha Console:
Login to Zerodha Console
Click on Portfolio tab
Choose ‘IPO’ from the drop-down list
Select the IPO you want to invest
Enter your UPI ID and verify the details
Select the Investor Type as ‘RII & Individual’
Put Bid and Price in the box
Tick on the checkbox
Click on Submit button

What is UTI AMC IPO Allotment Date?

UTI AMC IPO allotment date is not finalized yet. You can check IPO allotment here later.

What is UTI AMC IPO Listing Date?

UTI AMC IPO listing date is not finalized yet. The IPO to list on NSE and BSE.

What will be the Grey market Price of UTI AMC IPO?

UTI Mutual GMP will be updated soon. Check here for UTI AMC GMP.

Can I invest in UTI Mutual Fund IPO via UPI?

Yes, you can invest in UTI AMC IPO via UPI. If applying online you can use UPI as well as ASBA any one process, if applying in physical form UPI is mandatory.

What is the size of the UTI AMC IPO?

UTI AMC IPO lot size and the minimum order quantity is not available at this time. Please check again later.

What is the price of UTI AMC IPO for the retail investors

UTI AMC IPO price for retail investors is ₹-₹ (Tentative).

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