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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.

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Abhishek Vohera, Founder of IPO Guru 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 15 November.

Key dates Listed
  1. Open 29 Sep 2020
  2. Close 01 Oct 2020
  3. Allotment 07 Oct 2020
  4. Refund/credit 08 Oct 2020
  5. 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
Reservation
QIB 50%
NII 15%
Retail 35%
Employee 0.51%

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.

shares
1 lot lots
If it lists at today's grey market premium of ₹37.5
on
Grey market premium is an unofficial, unregulated indicator. It is not a forecast.
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.

Total income
271.07
1,081
891
271
31 Mar 201931 Mar 202030 Jun 2020
Profit after tax
101.08
348
276
101
31 Mar 201931 Mar 202030 Jun 2020
Net worth
2,834.93
2,604
2,763
2,835
31 Mar 201931 Mar 202030 Jun 2020
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.

UTI AMC IPO Anchor Investors

67 anchor investors across 25 fund houses committed ₹644.67 Cr a day before the issue opened.

Anchor Investor Fund House Shares Amount (₹ Cr) % of Anchor Book
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Small Cap Fund Aditya Birla Sun Life Mutual Fund 360,153 19.95 3.10%
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Dividend Yield Fund Aditya Birla Sun Life Mutual Fund 49,113 2.72 0.42%
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Midcap Fund Aditya Birla Sun Life Mutual Fund 165,348 9.16 1.42%
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life India Gennext Fund Aditya Birla Sun Life Mutual Fund 73,656 4.08 0.63%
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Resurgent India Fund - Series 6 Aditya Birla Sun Life Mutual Fund 252,099 13.97 2.17%
Invesco Trustee Private Limited-A/C Invesco India Focused 20 Equity Fund Invesco Mutual Fund 320,004 17.73 2.75%
Itpl - Invesco India Psu Equity Fund Invesco Mutual Fund 64,989 3.60 0.56%
Itpl - Invesco India Banking Fund Regmf-Rbf Invesco Mutual Fund 95,013 5.26 0.82%
Invesco Trustee Private Limited-A/C Invesco India Smallcap Fund Intismcfd Invesco Mutual Fund 204,282 11.32 1.76%
Sundaram Mutual Fund A/C Sundaram Mid Cap Fund Sundaram Mutual Fund 426,600 23.63 3.67%
Sundaram Mutual Fund A/C Sundaram Services Fund Sundaram Mutual Fund 89,100 4.94 0.77%
Sundaram Mutual Fund A/C Sundaram Balanced Advantage Fund Sundaram Mutual Fund 51,300 2.84 0.44%
Sundaram Mutual Fund A/C Sundaram Equity Fund Sundaram Mutual Fund 47,061 2.61 0.40%
Sundaram Mutual Fund A/C Sundaram Financial Services Opportunities Fund Sundaram Mutual Fund 16,200 0.90 0.14%
Sundaram India Midcap Fund - 90,261 5.00 0.78%
Avendus Absolute Return Fund - 90,261 5.00 0.78%
Tara Emerging Asia Liquid Fund - 90,261 5.00 0.78%
Canara Robeco Mutual Fund A/C Canara Robeco Equity Tax Saver Fund Canara Robeco Mutual Fund 216,108 11.97 1.86%
Canara Robeco Mutual Fund A/C Canara Robeco Consumer Trends Fund Canara Robeco Mutual Fund 108,054 5.99 0.93%
Canara Robeco Mutual Fund A/C Canara Robeco Equity Diversified Fund Canara Robeco Mutual Fund 360,126 19.95 3.09%
Goldman Sachs (Singapore) Pte. - Odi Goldman Sachs 90,261 5.00 0.78%
Nomura Singapore Limited Odi Nomura 90,261 5.00 0.78%
HSBC Global Investment Funds - Indian Equity HSBC 498,852 27.64 4.29%
HSBC Global Investment Funds - Asia Ex Japan Equity HSBC 401,517 22.24 3.45%
Kotak Funds - India Midcap Fund Kotak 360,153 19.95 3.10%
HSBC Focused Equity Fund HSBC Mutual Fund 90,920 5.04 0.78%
HSBC Large And Mid Cap Equity Fund HSBC Mutual Fund 62,131 3.44 0.53%
HSBC Small Cap Equity Fund HSBC Mutual Fund 27,012 1.50 0.23%
Pgim India Trustees Private Limited A/C Pgim India Large Cap Fund Pgim India Mutual Fund 45,130 2.50 0.39%
Pgim India Trustees Private Limited A/C Pgim India Hybrid Equity Fund Pgim India Mutual Fund 36,099 2.00 0.31%
Pgim India Trustees Private Limited A/C Pgim India Equity Savings Fund Pgim India Mutual Fund 9,032 0.50 0.08%
HDFC Small Cap Fund HDFC Mutual Fund 486,000 26.92 4.18%
HDFC Trustee Company Ltd. A/C HDFC Capital Builder Value Fund HDFC Mutual Fund 360,369 19.96 3.10%
HDFC Trustee Company Ltd. A/C HDFC Multi-Asset Fund HDFC Mutual Fund 54,000 2.99 0.46%
Kotak Tax Saver Scheme Kotak Mahindra Mutual Fund 80,028 4.43 0.69%
Kotak Small Cap Fund Kotak Mahindra Mutual Fund 120,042 6.65 1.03%
Kotak Balanced Advantage Fund Kotak Mahindra Mutual Fund 80,055 4.44 0.69%
Kotak India Eq Contra Fund Kotak Mahindra Mutual Fund 40,014 2.22 0.34%
Kotak Debt Hybrid Kotak Mahindra Mutual Fund 40,014 2.22 0.34%
Edelweiss Multi Strategy Investment Trust - Edelweiss Alternative Equity Scheme - 180,090 9.98 1.55%
Elara India Opportunities Fund Limited - 270,324 14.98 2.32%
Kotak Mahindra Life Insurance Company Ltd. Kotak 180,063 9.98 1.55%
Edelweiss Alternative Investment Opportunities Trust-Edelweiss Crossover Opportunities Fund-Series Ii - 180,063 9.98 1.55%
BNP Paribas Mutual Fund Ac BNP Paribas Multi Cap Fund Baroda BNP Paribas Mutual Fund 95,094 5.27 0.82%
BNP Paribas Mutual Fund Ac BNP Paribas Substantial Equity Hybrid Fund Baroda BNP Paribas Mutual Fund 84,996 4.71 0.73%
Valeo Global Fund - 90,262 5.00 0.78%
HDFC Life Insurance Company Limited HDFC Life Insurance 450,171 24.94 3.87%
Max Life Insurance Co Ltd A/C Participating Fund Axis Max Life Insurance 180,063 9.98 1.55%
Mahindra Manulife Mid Cap Unnati Yojana Mahindra Manulife Mutual Fund 135,608 7.51 1.17%
Mahindra Manulife Top 250 Nivesh Yojana Mahindra Manulife Mutual Fund 44,685 2.48 0.38%
JM Financial Mutual Fund-JM Value Fund JM Financial Mutual Fund 35,195 1.95 0.30%
JM Financial Mutual Fund - JM Multicap Fund JM Financial Mutual Fund 55,066 3.05 0.47%
Morgan Stanley Asia (Singapore) Pte. - Odi Morgan Stanley 270,783 15.00 2.33%
Reliance Capital Trustee Co Ltd-A/C Nippon India Balanced Advantage Fund Nippon India Mutual Fund 180,063 9.98 1.55%
Reliance Capital Trustee Co Ltd-A/C Nippon India - India Opportunities Fund - Series A Nippon India Mutual Fund 360,153 19.95 3.10%
Reliance Capital Trustee Co Ltd-A/C Nippon India Value Fund Nippon India Mutual Fund 360,153 19.95 3.10%
ICICI Prudential Equity & Debt Fund ICICI Prudential Mutual Fund 720,306 39.90 6.19%
ICICI Prudential Value Fund - Series 19 ICICI Prudential Mutual Fund 180,063 9.98 1.55%
ICICI Prudential Multicap Fund ICICI Prudential Mutual Fund 450,198 24.94 3.87%
Mirae Asset Midcap Fund Miraeamf Mirae Asset Mutual Fund 361,017 20.00 3.10%
Mirae Asset Hybrid - Equity Fund Mirae Asset Mutual Fund 269,244 14.92 2.31%
IIFL Special Opportunities Fund - Series 4 360 One 180,063 9.98 1.55%
Principal Trustee Company Pvt Ltd A/C Principal Mutual Fund - Principal Equity Savings Fund Principal Mutual Fund 34,290 1.90 0.29%
Principal Midcap Fund Principal Mutual Fund 45,117 2.50 0.39%
Principal Trustee Company Pvt Ltd A/C Principal Mutual Fund - Principal Personal Tax Saver Fund Principal Mutual Fund 4,050 0.22 0.03%
Principal Trustee Company Pvt Ltd A/C Principal Mutual Fund - Principal Tax Savings Fund Principal Mutual Fund 6,804 0.38 0.06%
Canara HSBC Oriental Bank Of Commerce Life Insurance Company Ltd Canara HSBC 90,261 5.00 0.78%
Total anchor allocation 644.67

Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.

About the company

UTI Asset Management Company Limited was incorporated as UTI Asset Management Company Private Limited on 14 November 2002. UTI Mutual Fund was set up under a trust deed executed by SBI, LIC, BOB and PNB.

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.

Promoters
No Identifiable Promoter

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
JM Financial Ltd. View track record →
Book-running lead manager
SBI Capital Markets Ltd. View track record →
Book-running lead manager
Axis Capital View track record →
Book-running lead manager
ICICI Securities View track record →
Book-running lead manager
Kotak Mahindra Capital Company Limited View track record →
Book-running lead manager
Bofa Securities India Limited View track record →
Book-running lead manager
Citigroup Global Markets India Pvt. Ltd View track record →
Red Herring Prospectus
SEBI filing
Final offer document — price band, financials and risk factors. This page is built from it.
Open the RHP
Anchor allocation
Exchange filing
The anchor book as filed with the exchange a day before the issue opened.
Open the filing

UTI AMC IPO Documents

Read the filings this page is built from.

Red Herring Prospectus (RHP) Final offer document — price band, financials, risk factors Anchor Investor Allocation Exchange filing listing the anchor book

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.

172 issues handled
Listed in Profit 74.4% 128 of 172 listed
Avg Listing Gain +19.2% across 172 issues
Listed Below Issue 44 of 172 listed

Best listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).

SBI Capital Markets Ltd.

142 issues handled
Listed in Profit 68.1% 96 of 141 listed
Avg Listing Gain +17.6% across 141 issues
Listed Below Issue 45 of 141 listed

Best listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).

Axis Capital

256 issues handled
Listed in Profit 73.6% 187 of 254 listed
Avg Listing Gain +19.7% across 254 issues
Listed Below Issue 67 of 254 listed

Best listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).

ICICI Securities

221 issues handled
Listed in Profit 68.3% 151 of 221 listed
Avg Listing Gain +17.7% across 221 issues
Listed Below Issue 70 of 221 listed

Best listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).

Kotak Mahindra Capital Company Limited

204 issues handled
Listed in Profit 76% 155 of 204 listed
Avg Listing Gain +18.8% across 204 issues
Listed Below Issue 49 of 204 listed

Best listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).

Bofa Securities India Limited

64 issues handled
Listed in Profit 81.3% 52 of 64 listed
Avg Listing Gain +23.8% across 64 issues
Listed Below Issue 12 of 64 listed

Best listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).

Citigroup Global Markets India Pvt. Ltd

74 issues handled
Listed in Profit 70.3% 52 of 74 listed
Avg Listing Gain +16.2% across 74 issues
Listed Below Issue 22 of 74 listed

Best listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).

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

Company
UTI Asset Management Company
Email

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.

UTI AMC IPO

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.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹37.5
Subscribed
2.31×
Min bid
₹14,958
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