UTI AMC IPO

Open Date 29th Sep 2020
Close Date 1st Oct 2020
Price Band Rs. 552 - Rs. 554 per equity share
Lot Size 27 shares and in multiples thereafter
Investment Per Lot Rs. 14,958
Listing at NSE and BSE
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UTI AMC IPO

UTI AMC IPO Details

A subsidiary of the Unit Trust of India (the first company to have dealt with mutual funds in the country); UTI Asset Management Company Ltd. is the second-largest asset management company in India. It is backed by 50+ years of experience in the industry as well as renowned stakeholders like Life Insurance Corporation of India, State Bank of India, Punjab National Bank, Bank of Baroda and Rowe Price Global Investment Services Ltd.

  • The total issue size is 38.99mn shares (Rs. 21,520.9 – 21,598.8mn).
  • With this IPO, UTI AMC intends to proceed with the OFS (38.99mn shares).

UTI Mutual Fund IPO Date

Open Date 29th Sep 2020
Close Date 1st Oct 2020
Allotment Date 7th Oct 2020
Initiation of Refunds 8th Oct 2020
Credit of Shares to Demat Account 9th Oct 2020
Listing Date 12th Oct 2020

UTI Mutual Fund IPO Price

IPO Price Band Rs. 552 - Rs. 554 per equity share
Minimum Investment Amount Rs. 14,958
Maximum Investment Amount Rs. 1,94,454
Face Value Rs. 10 per equity share

UTI AMC IPO Lot Size

Minimum Lot Size 1 (27 shares)
Maximum Lot Size 13 (351 shares)

UTI AMC IPO Review/Ratings

Key Competitive Strengths

  1. Well-positioned to capitalize on favourable industry dynamics, including the under penetration of mutual fund products.
  2. A pure-play independent asset manager with strong brand recognition and a diverse portfolio of funds and services.
  3. Multiple distribution channels with a broad and stable client base.
  4. Long-term track record of product innovation, consistent and stable investment performance and AUM growth.
  5. Established position in retirement solutions through product innovation and large retirement fund mandates.
  6. Experienced management and investment teams supported by strong governance structures and human resources programs.
  7. Enhanced profitability was driven by the size and product mix.

Risks and Concerns

  1. Continued subdued economic growth post-COVID-19 pandemic.
  2. A decline in global and domestic equity markets and delayed recovery.
  3. Changes in interest rates and defaults.
  4. Unfavourable composition of AUM.
  5. Intense competition and unfavourable regulation.

Download the UTI AMC IPO Report

UTI AMC IPO Subscription Breakup

QIBs 50% (19.39 mn shares)
Non-Institutional Investors 15% (5.82mn shares)
Retail Individual Investors 35% (13.58mn shares)

UTI AMC IPO Fundamental Analysis

  • 18.6% decrease in the revenue from operations from 10505.1 mn in FY19 to 8549.7 mn in FY 20.
  • 22.6% decrease in the net profit, from 3528.3 mn in FY 19 to 2730.3 mn in FY 20.
  • It is the second-largest PMS provider in India (as of 30th Jun. 2020).
  • It is the second-largest AMC in India in terms of total AUM and the eighth largest AMC in India in terms of mutual fund QAAUM (as of 30th Jun. 2020).
  • Among the top-10 AMCs, the company also had the largest share of its monthly average AUM attributable to B30 cities.
  • Post-IPO, the BOB, SBI, LIC, PNB and T. Rowe shareholding stake will decrease from 98.96% to 68.21%.
  • Price to Earnings Ratio (P/E) for FY20 = 23.3
  • Debt to Equity Ratio (D/E) for FY20 = 0.1
  • Earnings Per Share (EPS) = 23.8
  • Return on Equity (ROE) for FY 20 = 10.7%
  • Price to Book Ratio (P/B) = 2.5
  • Return on Capital Employed (ROCE) = 9.3%

Online Procedure to Apply For UTI AMC IPO

  1. Go to the IPO Section => IPO Listing => Open IPO.
  2. On tapping UTI AMC IPO, you can directly click on Subscribe to apply or even view the IPO details.
  3. On the Subscribe Screen/Page, you will be required to enter the number of lots, cut-off price, UPI ID and tap Verify.
  4. Once you select 'Subscribe'. Your bid will be executed.
  5. You can check the status of your IPO bid in the IPO Transactions section.
Click here to read the entire procedure to apply for the IPO
Apply for UTI AMC IPO with Jiffy

UTI AMC IPO FAQs

Yes, IPO application for Retail Investors is up to 2 Lakhs.
You will have to opt for the ASBA – Application Supported by Blocked Amount facility. Please get in touch with your bank for the same, do check if your bank is in the list of Banks here:
No. Applications made by retail investors using third party UPI ID or by any category of investors using a third party bank account are liable for rejection.
Yes, before the issue closure date. You can do it through Jiffy itself. The blocked amount will be available in 1 working day.
You have to visit the UTI AMC website to check the allotment status of your subscription to UTI AMC IPO.