UTI AMC IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 29/09 - 01/10
Issue Size ₹3000.00 Cr
Issue Price ₹552 - 554
Market Lot 27 Shares
Shares on Offer 38,987,081
Registrar Link Intime
GMP ₹35 - 40
Kostak ₹350
Subject to Sauda ₹800
Listing Date 12 Oct 2020
Listing Price ₹490.25
Listing Gain% -11.50

About UTI Asset Management Company Ltd

They are the seventh largest asset management company in India in terms of mutual fund QAAUM as of September 30, 2019, according to CRISIL. With more than 11 million Live Folios as of September 30, 2019, their client base accounts for 12.8% of the approximately 86 million folios that, according to CRISIL, are managed by the Indian mutual fund industry. Their history and track record in the mutual fund industry, strong brand recognition, distribution reach, performance and client relationships provide a platform for future growth.

They are a professionally managed company led by their Board of Directors and a dedicated and experienced management team. For purposes of the SEBI Mutual Fund Regulations, their ftheir sponsors are the State Bank of India (“SBI”), Life Insurance Corporation of India (“LIC”), Punjab National Bank (“PNB”) and Bank of Baroda (“BOB”) (collectively, the “Sponsors”), each of which has the Government of India as a majority shareholder. T. Rowe Price Group, Inc., a global asset management company, is their other major shareholder (through its subsidiary T. Rowe Price International Ltd. (“TRP”)).

They have a national footprint and offer their schemes through a diverse range of distribution channels. As of September 30, 2019, their distribution network includes 163 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. Their IFAs channel includes approximately 51,000 Independent Financial Advisors (“IFAs”) as of September 30, 2019.

UTI Asset Management Company has filed draft red herring prospectus with markets regulator the Securities and Exchange Board of India (SEBI) to raise funds through initial public offer.

The public issue consists of an offer for sale by shareholders including State Bank of India, Bank of Baroda, LIC, Punjab National BankNSE -2.47 % and T Rowe Price.

The first three shareholders will sell 10,459,949 shares each, while the other two will offload 3,803,617 shares each.

Media reports peg the IPO size at around Rs 3,800-4,800 crore, which would value the asset manager at around Rs 12,000-15,000 crore.

UTI AMC is the seventh-largest asset management company in India in terms of mutual fund QAAUM (quarterly average assets under management) as of September 30, according to CrisilNSE -1.94 %.

SBI, LIC, PNB and BoB each hold 18.5 per cent stake in the asset manager, while the remaining stake is held by US-based T Rowe Price.

UTI AMC manages 178 domestic mutual fund schemes, comprising equity, hybrid, income, liquid and money market funds as of September 30.

It manages the domestic mutual funds of UTI Mutual Fund, provide portfolio management services (PMS) to institutional clients and high net worth individuals (HNIs), and manage retirement funds, offshore funds and alternative investment funds.

Kotak Mahindra Capital Company, Axis Capital, Citigroup Global Markets India, Bank of America Securities, ICICI Securities, JM Financial and SBI Capital Markets are the bankers to the issue.

The asset manager will be the third in the industry after Reliance Nippon Life Asset Management and HDFC Asset Management to go public.

CRISIL projects QAAUM of the Indian mutual funds industry to grow at a CAGR of 17-19% between September 30, 2019 and March 31, 2024, reaching a total of Rs 54-58 lakh crore.

The ratings agency expects the key drivers of that growth to include the anticipated pick-up in economic growth, growing investor bases across geographies, higher disposable income levels and investable household surplus, increases in aggregate household and financial savings, increases in geographical penetration as well as better awareness, ease of investing, digitalisation, and perception of mutual funds as long-term wealth creators, driven in part by government initiatives.

Company Financials

Particulars 30-Jun-19 31-Mar-19 31-Mar-18
Total Assets (In ₹ Millions)
Total Revenue (In ₹ Millions)
Profit After Tax (PAT) (In ₹ Millions)

UTI Asset Management Company Ltd IPO Reviews

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  • They recommend subscription of UTI AMC IPO.

Subscription Details

Date & Time QIB NII RII Total
Day 1 - 29 Sep 2020 0.00 0.06 0.51 0.27
Day 2 - 30 Sep 2020 0.48 0.35 1.15 0.79
Day 3 - 01 Oct 2020 3.34 0.93 2.32 2.31

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

UTI Asset Management Company Ltd IPO FAQs

  1. When will UTI Asset Management Company Ltd IPO open?

    UTI Asset Management Company Ltd IPO will open on 29/09 and close on 01/10.

  2. What is the listing date of UTI Asset Management Company Ltd IPO?

    UTI Asset Management Company Ltd IPO will list on 12 Oct 2020.

  3. What is the offer price of UTI Asset Management Company Ltd IPO?

    The offer price of UTI Asset Management Company Ltd IPO is ₹552 - 554.

  4. What is the lot size of UTI Asset Management Company Ltd IPO?

    The lot size of UTI Asset Management Company Ltd IPO is 27.

  5. What is the Grey Market Premium (GMP) price of UTI Asset Management Company Ltd IPO?

    The Grey Market Premium (GMP) price of UTI Asset Management Company Ltd IPO is ₹35 - 40.

  6. What is the Kostak price of UTI Asset Management Company Ltd IPO?

    The Kostak price of UTI Asset Management Company Ltd IPO is ₹350.

  7. What is the Subject to Sauda price for UTI Asset Management Company Ltd IPO?

    The Subject to Sauda price for UTI Asset Management Company Ltd IPO is ₹800.

UTI Asset Management Company Ltd IPO Review/Comments

Guest User

Hi Dudes... why has the listing price of UTI-AMC IPO not been updated till now? If you continue like this Chittorgarh.com will destroy and finish you soon... Please understand the importance of your existance and that of your visitors/users. Buck up boys... Buck up/! dont Fuck up or you will get Fucked up! All the best... Cheers!

IPO Guru Rahul

Hi Dudes... why has the listing price of UTI-AMC IPO not been updated till now? If you continue like this Chittorgarh.com will destroy and finish you soon... Please understand the importance of your existance and that of your visitors/users. Buck up boys... Buck up/! dont Fuck up or you will get Fucked up! All the best... Cheers!

IPO Guru Rahul

Guest User

Gud Morning Boluuu Saabji! Gud Morning! Jaago Mohan Pyaare Jaago...... IPO list hokar nipat chuka aur idhaar na listing price hai na listing gain.... iii sab ka hovat hai iihaan hamar bhaiyya! Iii kaa huyi gava....!

IPO Guru Rahul

Gud Morning Boluuu Saabji! Gud Morning! Jaago Mohan Pyaare Jaago...... IPO list hokar nipat chuka aur idhaar na listing price hai na listing gain.... iii sab ka hovat hai iihaan hamar bhaiyya! Iii kaa huyi gava....!

IPO Guru Rahul

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