Article

UTI AMC IPO Analysis: All You Need to Know About the Issue

29 Sep 2020

UTI Asset Management Company Limited is coming up with Initial Public Offer of Equity Shares that is opening on 29th September 2020 and will continue till 1st October 2020. The company will open the initial public offer of equity shares of face value bearing Rs 10 each. The price band fixed at Rs 552 to Rs 554 per equity share. Bids can be made for a minimum of 27 Equity Shares and in multiples of 27 Equity Shares thereafter.

UTI Asset Management Company Limited 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 (Quarterly Average Assets Under Management) as of 30th June 2020.

The company has four sponsors for each of which, the Government of India is a majority shareholder. At present it has 11 million live folios accounting for 12.8% of client base managed by the Indian mutual fund industry.

This offer consists of an initial public offer of up to 38,987,081 Equity Shares by the Selling Shareholders comprising an offer for sale of up to 10,459,949 Equity Shares by State Bank of India, up to 10,459,949 Equity Shares by Bank of Baroda, up to 10,459,949 Equity Shares by Life Insurance Corporation of India, up to 3,803,617 Equity Shares by Punjab National Bank and up to 3,803,617 Equity Shares by T. Rowe Price International Ltd. Around 200,000 Equity Shares of the offer would be reserved for the eligible employees.

UTI AMC IPO at a glance

IPO Date

29th September to 1st October

Issue Size

38,987,081 Eq Shares of Rs 10
(aggregating up to Rs 2,159.88 Cr)

Finalisation of basis of allotment

7th October

Demat Credit

9th October

IPO Listing

12th October

Face Value

Rs.10 per equity share

IPO Price Band

Rs.552 to Rs 554 per equity share

Market Lot

27 Shares

Min Order Quantity

27 Shares

Minimum Retail Application

1 lot (Rs 14,958)

Maximum Retail Application

13 lots (Rs 194,454)


How to apply for UTI AMC IPO?

You can apply for the UTI AMC IPO either offline or online. Ideally, you can use the ASBA route to apply for the IPO. Application Supported by Blocked Amount (ASBA) allows you to just block the monies without debiting at the time of application. On allotment, only the amount allotted will be debited and the balance amount is released. You can also use the UPI facility to apply for the IPO with select brokers.

If you intend to apply for UTI AMC IPO through your 5paisa account, you need to follow the steps as mentioned below:

  • Login to your 5paisa mobile app
  • Under trade section click IPO
  • Select current issue
  • Enter your bidding details along with your UPI ID and save details
  • Once the details are saved, you will get an payment notification with 4-5 hours
  • Open your UPI app, go to one-time mandates
  • Your will get requested IPO mandate along with its amount
  • Select mandate and approve for payment
Watch this video to know about about the issue, company's profile, financial sheet, peer comparison and future growth. 

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UTI AMC IPO Analysis: All You Need to Know About the Issue

29 Sep 2020

UTI Asset Management Company Limited is coming up with Initial Public Offer of Equity Shares that is opening on 29th September 2020 and will continue till 1st October 2020. The company will open the initial public offer of equity shares of face value bearing Rs 10 each. The price band fixed at Rs 552 to Rs 554 per equity share. Bids can be made for a minimum of 27 Equity Shares and in multiples of 27 Equity Shares thereafter.

UTI Asset Management Company Limited 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 (Quarterly Average Assets Under Management) as of 30th June 2020.

The company has four sponsors for each of which, the Government of India is a majority shareholder. At present it has 11 million live folios accounting for 12.8% of client base managed by the Indian mutual fund industry.

This offer consists of an initial public offer of up to 38,987,081 Equity Shares by the Selling Shareholders comprising an offer for sale of up to 10,459,949 Equity Shares by State Bank of India, up to 10,459,949 Equity Shares by Bank of Baroda, up to 10,459,949 Equity Shares by Life Insurance Corporation of India, up to 3,803,617 Equity Shares by Punjab National Bank and up to 3,803,617 Equity Shares by T. Rowe Price International Ltd. Around 200,000 Equity Shares of the offer would be reserved for the eligible employees.

UTI AMC IPO at a glance

IPO Date

29th September to 1st October

Issue Size

38,987,081 Eq Shares of Rs 10
(aggregating up to Rs 2,159.88 Cr)

Finalisation of basis of allotment

7th October

Demat Credit

9th October

IPO Listing

12th October

Face Value

Rs.10 per equity share

IPO Price Band

Rs.552 to Rs 554 per equity share

Market Lot

27 Shares

Min Order Quantity

27 Shares

Minimum Retail Application

1 lot (Rs 14,958)

Maximum Retail Application

13 lots (Rs 194,454)


How to apply for UTI AMC IPO?

You can apply for the UTI AMC IPO either offline or online. Ideally, you can use the ASBA route to apply for the IPO. Application Supported by Blocked Amount (ASBA) allows you to just block the monies without debiting at the time of application. On allotment, only the amount allotted will be debited and the balance amount is released. You can also use the UPI facility to apply for the IPO with select brokers.

If you intend to apply for UTI AMC IPO through your 5paisa account, you need to follow the steps as mentioned below:

  • Login to your 5paisa mobile app
  • Under trade section click IPO
  • Select current issue
  • Enter your bidding details along with your UPI ID and save details
  • Once the details are saved, you will get an payment notification with 4-5 hours
  • Open your UPI app, go to one-time mandates
  • Your will get requested IPO mandate along with its amount
  • Select mandate and approve for payment
Watch this video to know about about the issue, company's profile, financial sheet, peer comparison and future growth.