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.
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:-
- Well-positioned to capitalise on favorable industry dynamics, including the under penetration of mutual fund products.
- Manages a multiple and quality base tenants,
- Well-known brand and strong independent asset manager company in India;
- Maintains various distribution channels with wide reach and broad and stable client base.
- Robust track record of product innovation, consistent and stable investment performance and AUM growth.
- Established position in retirement solutions through product innovation and large retirement fund mandates.
- Maintains its profitability and growth offering various size and product mix in the market.
- Strong management, working &investment teams following supportive governance structures and human resources programs.
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|
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:-
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
Open Your Demat Account to Invest in Upcoming IPO’s
Promoters Of The Company:-
UTI AMC is a professionally managed company and does not have an identifiable promoter in terms of SEBI.
Financials:- (Restated Consolidated Financial Record)
|Particulars||For the year/Period ended (Rs. in Million)|
|Total Equity & Liabilities||32634.24||31549.18||30132.63||29192.52|
|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: firstname.lastname@example.orgInvestor
Grievance E-mail: email@example.com
Contact Person: Ganesh Rane
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
Investor Grievance E-mail: firstname.lastname@example.org
Contact Person: Mayuri Arya
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
Investor Grievance E-mail: email@example.com
Contact Person: ArchitKhemka
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
Investor Grievance E-mail: firstname.lastname@example.org
Contact Person: Ahmed Kolsawala
SEBI Registration Number: INM000011625
Registrar To The Issue
KFin Technologies Private Limited(formerly known as “KarvyFintech Private Limited”)
Selenium Tower-B, Plot 31 & 32,
Hyderabad 500 032,
Tel: +91 40 6716 2222
Investor Grievance E-mail: email@example.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: firstname.lastname@example.org; Website:https://www.utimf.com/Corporate
Identity Number: U65991MH2002PLC137867
For More Details Contact us 011-42445800 / 9650901058