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UTI Asset Management Company is likely to get listed soon at stock exchange platform for trading in Secondary market. Interested clients can fetch details like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The IPO is scheduled for Sep 29, 2020with a price band of Rs.Rs. 552 to 554 per equity share. The lot size of applying the IPO is for 27 shares. One can apply via ASBA and UPI to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

UTI Asset Management Company  IPO

Wants To Apply Online

Company profile:-

The company was incorporated on November 14, 2002 in Mumbai, India. UTI manages the domestic mutual funds of UTI Mutual Fund, provide portfolio management services (“PMS”) to institutional clients and high net worth individuals (“HNIs”), and manages retirement funds, offshore funds and alternative investment funds. It ranked one of the biggest Assest Management Company in terms of Total AUM and 7th biggest Asset Management Company in India in terms of mutual fund QAAUM. The firm offers various group of individual and institutional investors via its exclusive and different types of funds and services. The establishment of company is approx. 55 year old in India. The company manages 178 domestic mutual fund schemes including equity, hybrid, income, liquid and money market funds.

As of 30thSeptember 2019, the company has163 UTI Financial Centres (“UFCs”), 273 Business Development Associates (“BDAs”) and Chief Agents (“CAs”) (46 of whom operate Official Points of Acceptance (“OPAs”)) and 33 other OPAs, most of which are in each case located in B30 cities. Approx. 51,000 Independent Advisors are associated under the IFAs channel of the firm.

Positive Outlook of the Firm:-

  1. Well-positioned to capitalise on favorable industry dynamics, including the under penetration of mutual fund products.
  2. Manages a multiple and quality base tenants,
  3. Well-known brand and strong independent asset manager company in India;
  4. Maintains various distribution channels with wide reach and broad and stable client base.
  5. Robust track record of product innovation, consistent and stable investment performance and AUM growth.
  6. Established position in retirement solutions through product innovation and large retirement fund mandates.
  7. Maintains its profitability and growth offering various size and product mix in the market.
  8. Strong management, working &investment teams following supportive governance structures and human resources programs.

 

 

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Objects Of The Issue:-

The objects of the Offer are:

1. To avail the advantage of listing the Equity Shares on the Stock Exchanges and;
2. The sale of up to 38,987,081 Equity Shares by the Selling Shareholders

 

Summary Of Issue:

Issue Open: – Sep 29,2020- Oct 1, 2020
Issue Type  Book Built Issue IPO
Issue Size (Value) 38,987,081 Equity Shares of ₹10
(aggregating up to ₹3,000.00 Cr)
Face Value Rs. 10 Per Equity Share
Issue Price Rs. (552 to 554) Per Equity Share
Market lots 27 Shares
Minimum Order Quantity 27 Shares
Listing At BSE, NSE

 


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Important dates for UTI Asset Management Company Ltd IPO (UTI AMC IPO) Allotment

UTI Asset Management Company Ltd IPO (UTI AMC IPO) allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced. Important Tantatives dates for UTI Asset Management Company Ltd are:

  • The Allotment date for UTI AMC IPO issue is expected on Oct 07,2020
  • The amount will get unblocked on Oct 08,2020
  • The Shares are expected to credit in DP accounts on Oct 08,2020
  • The Shares of UTI AMC IPO is likely to get listed on Oct 09,2020 on both BSE and NSE.

 


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Check UTI Asset Management Company Ltd IPO (UTI AMC IPO) Allotment Status

UTI AMC IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Check UTI  IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as UTI  IPO
  4. Enter your PAN Number or Application Id or DP Client Id.

 

It takes little time to fetch information so you need to be little patient.

Download “UTI Asset Management Company Limited” IPO Application Form

From NSE: click here

 


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Promoters Of The Company:-

UTI AMC is a professionally managed company and does not have an identifiable promoter in terms of SEBI.

Financials:- 

Financials:- (Restated Consolidated Financial Record)

Particulars For the year/Period ended (Rs. in Million)
Financial Year 30-Jun-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Equity & Liabilities 32634.24 31549.18 30132.63 29192.52
Total Revenue 2710.68 8909.61 10808.94 11627.47
Total Expenses 1478.45 5455.15 5896.48 6173.18
Profit After Tax (PAT) 1010.75 2764.85 3479.27 4050.91

Lead Manager Details

1)Kotak Mahindra Capital Company Limited
1st Floor, 27 BKC, Plot No. 27,
‘G’ Block BandraKurla Complex, Bandra (East)
Mumbai 400 051Maharashtra, India
Tel: +91 22 4336 0000E-mail: utiamc.ipo@kotak.comInvestor
Grievance E-mail: kmccredressal@kotak.com
Contact Person: Ganesh Rane
Website: www.investmentbank.kotak.com
SEBI Registration Number: INM000008704

2)Axis Capital Limited
1st Floor, Axis HouseC-2,
Wadia International Centre,
P.B. Marg, Worli Mumbai 400 025 Maharashtra, India
Tel: +91 22 4325 2183
E-mail: utiamc.ipo@axiscap.in
Investor Grievance E-mail: complaints@axiscap.in
Contact Person: Mayuri Arya
Website: www.axiscapital.co.in
SEBI Registration Number: INM000012029

3)Citigroup Global Markets India Private Limited
1202, 12th Floor, First International Financial Centre G-Block,
C54 & 55, BandraKurla Complex, Bandra (East),
Mumbai 400 098 Maharashtra, India
Tel: +91 22 6175 9999
E-mail: uti.ipo@citi.com
Investor Grievance E-mail: investors.cgmib@citi.com
Contact Person: ArchitKhemka
Website: www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm
SEBI Registration Number: INM000010718

4)DSP Merrill Lynch Limited
Ground Floor, “A” Wing, One BKC,
“G” Block BandraKurla Complex, Bandra (East),
Mumbai 400 051Maharashtra, India
Tel: +91 22 6632 8000
E-mail: dg.utiamc_ipo@bofa.com
Investor Grievance E-mail: dg.india_merchantbanking@bofa.com
Contact Person: Ahmed Kolsawala
Website: www.ml-india.com
SEBI Registration Number: INM000011625

Registrar To The Issue

KFin Technologies Private Limited(formerly known as “KarvyFintech Private Limited”)
Selenium Tower-B, Plot 31 & 32,
GachibowliFinancial District,
Nanakramguda, Serilingampally
Hyderabad 500 032,
Telangana, India
Tel: +91 40 6716 2222
E-mail: utiamc.ipo@kfintech.com
Investor Grievance E-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration Number: INR000000221

Registered Office Details
UTI Tower, ‘Gn’ Block,
Bandra-Kurla Complex, Bandra (East),
Mumbai 400051, Maharashtra, India;
Tel: +91 22 6678 6666
Contact Person: ArvindPatkar,
Company Secretary and Compliance Officer; E-mail: cs@uti.co.in; Website:https://www.utimf.com/Corporate
Identity Number: U65991MH2002PLC137867

For More Details Contact us 011-42445800 / 9650901058

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