UTI Asset Management Company Ltd IPO

Closed

IPO Synopsis

Initial Public Offer of 38,987,081 equity shares of face value of Rs. 10 each (the equity shares) of UTI Asset Management Company Limited (the company) for cash at a price of Rs. 554 per equity share (including a share premium of Rs. 544 per equity share) aggregating to Rs. 2159.88 Crores (the offer) through an offer for sale of up to 10,459,949 equity shares aggregating to Rs. 579.48 Crores by State Bank of India (sbi), up to 10,459,949 equity shares aggregating to Rs. 579.48 Crores by Life Insurance Corporation of India (lic), up to 10,459,949 equity shares aggregating to Rs. 579.48 Crores by Bank of Baroda (bob), to 3,803,617 equity shares aggregating up to Rs. 210.72 Crores by Punjab National Bank (pnb) and up to 3,803,617 equity shares aggregating up to Rs. 210.72 Crores by T. Rowe Price International Ltd (trp and together with sbi, lic, Bob and pnb, the selling shareholders). This offer includes a reservation of up to 200,000 equity shares (constituting to 0.16% of the post-offer paid-up equity share capital of the company) for purchase by eligible employees (the employee reservation portion). The offer less the employee reservation portion is hereinafter Referred to as the net offer. The offer and the net offer would constitute 30.75% and 30.59% of the post-offer paid-up equity share capital, respectively. The Offer Price is Rs.554 per equit share and is 55.4 times of the face value of the equity shares, The Anchor Investor offer Price is Rs.554 per equity share.

How to Apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

    Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

    Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

    You will receive a mandate notification to block funds in your UPI app

  • You will receive a mandate notification to block funds in your UPI app

    You will receive a mandate notification to block funds in your UPI app

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Frequently Asked Questions

An Initial Public Offering OR IPO is the process of issuing stock for sale for the first time by a private corporation to the public. A company can issue its stock for sale for the first time to raise money by issuing either debt or equity. In case, the company chooses the equity route, the first such offering of equity shares to the public via listing of the shares in the stock markets is called an IPO.

 

This is one of the processes that has to do with the pricing of the IPO. An IPO can be made either through book building method, the fixed price method or a combination of both.

While in book building the price at which securities will be offered/allotted is not known in advance to the investor (investor is aware of an indicative price range only), in the fixed price process price at which the securities are offered/allotted is known in advance to the investor.

When it comes to an IPO, there are 4 types of investors who can bid, as per SEBI guidelines. They are –

  1. Qualified institutional investors (QIIs)
  2. Anchor investors
  3. Retail investors and
  4. High net-worth individuals (HNIs)/Non-institutional investors (NII).

 

IPO subscription period is the period of time during which investors can promise to purchase shares of a security to be issued as initial public offering (IPO).

Check: IPO Application Process

For details about the new IPO application process, click here.

To apply in an IPO with 5paisa:

  • Login to the 5paisa website or mobile trading app
  • Go to the Current IPOs section
  • Select the IPO you wish to apply for
  • Enter IPO details like price, quantity (lots) and your UPI ID
  • Check details and Confirm
  • Approve the UPI notification received on your phone (in BHIM App or your net banking app)

A Red Herring Prospectus, or offer document, is filed by a company to SEBI. This document is very useful to as it provides detailed information about the company’s business operations, financials, promoters and the company’s objective for raising funds.

Contact Details of UTI Asset Management Company Ltd IPO

Contact Information

Address

UTI Tower Gn Block,
Bandra Kurla Complex Bandra(E),
Mumbai, Maharashtra 400051

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