UTI AMC IPO
UTI AMC IPO — date, price band, lot size & details 2020
UTI AMC listed on 12 Oct 2020 at ₹500, 9.7% below the ₹554 issue price.
UTI Asset Management Company was the second largest asset manager in India by total AUM and manages UTI Mutual Fund. Its total income was Rs 890.96 crore in FY2020.
Stock price
UTI AMC is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 29 Sep 2020
- Close 01 Oct 2020
- Allotment 07 Oct 2020
- Refund/credit 08 Oct 2020
- Listing 12 Oct 2020
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 Sep to 1 Oct, 2020 |
|---|---|
| Price Band | ₹552 – ₹554 |
| Face Value | ₹10 |
| Lot Size | 27 Shares |
| Issue Size | ₹2159.88 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,958 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 27 shares at the ₹554 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 27 | ₹14,958 |
| Retail (max) | 13 | 351 | ₹1,94,454 |
| S-HNI (min) | 14 | 378 | ₹2,09,412 |
| S-HNI (max) | 66 | 1,782 | ₹9,87,228 |
| B-HNI (min) | 67 | 1,809 | ₹10,02,186 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It was the second largest AMC in India by total AUM on 30 June 2020.
- 02It had the largest share of monthly average AUM in B30 cities among the top 10 AMCs.
- 03Net worth rose from Rs 2,367.43 crore in FY2018 to Rs 2,834.93 crore on 30 June 2020.
- 04It stayed profitable, with Rs 276.49 crore in FY2020 and Rs 101.08 crore in the June 2020 quarter.
Risks · 5
- 01Profit after tax fell from Rs 405.09 crore in FY2018 to Rs 276.49 crore in FY2020.
- 02Total income fell from Rs 1,162.75 crore in FY2018 to Rs 890.96 crore in FY2020.
- 03Domestic mutual fund QAAUM fell 15.4% from Rs 1,578.7 billion on 30 June 2019 to Rs 1,336.3 billion on 30 June 2020.
- 04It ranked eighth by mutual fund QAAUM on 30 June 2020, behind faster growing private AMCs.
- 05The whole Rs 2,159.88 crore issue was an offer for sale, so none of it went to the company.
Three years of numbers
All figures in ₹ crore, as reported in the UTI AMC offer document.
| Metric | 30 Jun 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 3,263.42 | 3,154.92 | 3,013.26 | 2,919.25 |
| Total Income | 271.07 | 890.96 | 1,080.89 | 1,162.75 |
| Profit After Tax | 101.08 | 276.49 | 347.93 | 405.09 |
| NET Worth | 2,834.93 | 2,762.50 | 2,604.37 | 2,367.43 |
| Reserves and Surplus | 2,708.14 | 2,635.71 | 2,477.59 | 2,240.65 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the UTI AMC IPO will be updated shortly.
About the company
According to CRISIL data in its RHP, on 30 June 2020 it was the second largest AMC in India by total AUM and the eighth largest by mutual fund QAAUM. It also had the largest share of monthly average AUM in B30 cities among the top 10 AMCs.
It manages the domestic funds of UTI Mutual Fund, portfolio management services for institutions and high net worth individuals, and retirement, offshore and alternative investment funds. It has no identifiable promoter.
The IPO was Rs 2,159.88 crore and was entirely an offer for sale by existing shareholders, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
UTI AMC IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
125 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
SBI Capital Markets Ltd.
70 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: Kalyan Jewellers India (-15.0%).
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Kotak Mahindra Capital Company Limited
93 issues handledBest listing: Premier Energies (+120.0%). Weakest: Rategain Travel Technologies (-15.3%).
Bofa Securities India Limited
25 issues handledBest listing: Tata Technologies (+140.0%). Weakest: SBI Cards (-12.5%).
Citigroup Global Markets India Pvt. Ltd
29 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Kalyan Jewellers India (-15.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of UTI AMC?
The current Grey Market Premium is ₹37.5, or 7% over the issue price.
What is the UTI AMC IPO price band?
₹552 to ₹554, on a face value of ₹10.
When is the allotment?
The basis of allotment is 7 October 2020, with listing on 12 October 2020.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
