UTI AMC IPO Detail

UTI AMC IPO Detail

UTI AMC has filled its Draft Red hearing Prospectus (DRHP) on Dec 19,2019 and got SEBI go ahead for IPO on 22 Jun, 2020 to raise around Rs. 3000 Cr.

UTI AMC is the largest asset management company in India in terms of Total Assets under management (AUM) and seventh largest AMC Company in India.

UTI AMC IPO Offer Detail

The IPO of 3,89,87,081 shares comprises of offer for sale (OFS) by 5 selling shareholders

Selling Shareholders of UTI AMC

State Bank of India1,04,59,949 Shares
LIC1,04,59,949 Shares
Bank of Baroda1,04,59,949 Shares
PNB38,03,617 shares
T Rowe Price38,03,617 Shares

UTI AMC IPO Employee Reservation

There is a reservation of upto 200,000 shares for purchase of equity shares by employees but there is no point of reservation for shareholder’s of these banks.

Crossholding Rule

In case a shareholder holds 10% or more shares in a Mutual fund house, then it cannot hold share of similar size stake in another mutual fund house and cannot held any position in its Board.

Hence, to comply with crossholding rule its shareholders have to reduce their stake in the company.

Current Shareholders of UTI AMC

SBI, PNB, BOB, LIC each holding 18.5% equity shares and remaining stake is held by American giant T Rowe Price.

Objects of the Issue

The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges by Selling shareholders and the company will not receive money from the public issue.

Download UTI AMC DRHP

UTI AMC Financial Performance Review

Financials for the Period EndingRs. ‘In Cr.’
 Sep’19Mar’19Mar’18
Total Revenue496.361080.891162.75
Total Expenses257.12589.65617.32
Net Profit 186.86311.14404.56

IPO Detail of UTI AMC

UTI AMC IPO Detail
Issue Open 
Issue Type Offer for Sale (OFS) 
Issue No. of Share no. of shares of face value Rs. 10 each
Issue Size Rs. 3000 Cr (Approx.) 
Price Band
 
Min Market Lot 
Employee Discount
 
Listing Platform NSE, BSE
Min Investment Amt (Retail) 
Max Investment Amt (Retail) 

UTI AMC IPO Schedule

IPO Schedule
Bids Open 
Bids Closes 
Finalisation of basis of allotment 
Initiation of Refunds 
Credit of shares to Demat A/c 
Listing Date 

UTI AMC IPO Registrar

KFIN Technologies Pvt Ltd (Formerly Karvy Fintech Pvt Ltd)

Plot No. 31 & 32, Gachibowali, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032

Phone: +91-40-6716 2222
Email: utiamc.ipo@kfintech.com Website: https://www.kfintech.com

UTI AMC IPO Lead Manager(s)

  1. Kotak Mahindra Capital Company Limited
  2. Axis Capital Limited
  3. Citigroup Global Markets India Pvt Ltd
  4. DSP Merrill Lynch Ltd
  5. ICICI Securities Limited
  6. JM Financial Limited
  7. SBI Capital Markets Limited

 

Frequently Asked Questions

UTI AMC IPO is an intial Public offering of equity shares of face value Rs. 10 per share.

UTI AMC is the largest asset management company in India in terms of Total Assets under management (AUM) and seventh largest AMC Company in India.

Ksolves India Limited IPO Issue Dates and Price Band are not yet announced yet.

UTI AMC IPO allotment date is not announced yet.

UTI AMC IPO is not yet trading in Grey Market, same will be available as soon as same will be traded.

UTI AMC IPO Listing date is not announced yet.

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