UTI AMC IPO

India’s largest asset management company (AMC), UTI AMC is ready to float its IPO scrips with an issue size of 38,987,081 equity shares. UTI AMC has over 11 million live portfolios of a clientele that comprises institutional clients and high net worth individuals. Some of the noteworthy clients of UTI AMC are Employee Provident Fund Organisation, National Skill Development Fund, Postal Life Insurance, Shinsei UTI India Fund, and others.
UTI AMC IPOs will hit the market in August 2020.

UTI IPO Detail

Issuer

UTI Asset management Company Limited

Issue Period: 29th September 2020 to 01st October 2020
Price Band
₹ 552 - 554

Issue Size
₹ 2152 Crore to 2160 Crore

Face Value
₹ 10/- Per Share

Market Lot
27 Shares

Listing At
BSE, NSE
₹0 Free Equity Delivery
₹20/- For Intraday, F&O, Currencies & Commodities

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Company Information

UTI Asset Management Company earlier was a part of the United Trust of India, the oldest mutual funds company in India.

UTI was established in 1964 through an act passed in the Parliament. UTI AMC came into being in 2004 after US-64 collapsed in 2003. UTI was split into Specified Undertaking of the Unit Trust of India (SUUTI) and UTI AMC.

The net-value based schemes were then transferred to UTI AMC.

Mr. Jaikishan Parmar shares his views on the upcoming UTI AMC Limited IPO.
Competitive Advantages

  • UTI is the largest AMC in India with a national footprint comprising 163 branches, 320 chief agents and business development associates, and 51,000 plus trained independent financial advisors
  • It has more than one crore live investors accounts with the highest volume of asset under management (AUM) for any Indian mutual fund company
  • 72.7 percent of the company’s income comes from management fees
  • UTI AMC has a diversified product offering with 178 domestic mutual fund schemes
  • One of the key strengths of the company is its strong financial base with four major sponsors - SBI, LIC, PNB, and BOB
  • Global asset management company T. Rowe Price International Ltd. is one of the major stakeholders of UTI AMC with 26 percent shares.
How to apply for IPO :


- If you are already a client of Angel Broking, apply directly for UTI Asset management Company Limited IPO, click here.

- If you’re a new investor Open DEMAT Account for free with Angel Broking and build wealth with the best stock choices. Join our 1 million+ family of happy customers.

FAQs - Frequently Asked Questions

What is an IPO?

Initial public offerings (IPOs) refer to the issuance of equity shares of private or public sector corporations in the stock market. It allows companies to dilute promoter’s stakes in the process to raise capital from the market.

What is UTI AMC IPO?

UTI AMC IPO size comprises 38,987,081 equity shares at face value of Rs 10. With that, the total size of the IPO will be Rs 3,000 crores. KFin Technologies Private Limited is the registrar of the IPO.
The subscription will begin on September 29, and the shares are proposed to be listed in BSE and NSE.

How to apply for UTI AMC IPO with Angel Broking?

If you are an Angel Broking customer, you can apply online, using UPI as the payment gateway.
If you are a new investor, you would need to open a DEMAT account first to receive the shares in it. To open a DEMAT, click here.

When will the subscription for UTI AMC IPO start?

The offer will open on September 29 and closes on October 1, 2020.

What will be the lot size for the IPO?

The minimum lot size is 27 shares and multiples thereof. The shares will be available in the price bracket of Rs 552-554.

How can I apply for UTI AMC IPO?

You can apply online using UPI or ASBA (application support by blocked amount) as payment methods. You can also apply through your broker’s website.

How to pay for UTI AMC IPO using UPI?

If you are applying online, the IPO application will have two options – ASBA and UPI. If you select UPI, then you would need to mention UPI id as a payment choice. You will receive a ‘block mandate’request on your UPI id. Accept the payment request and pay using UPI PIN. Depending on the IPO size you have applied for the amount will be deducted from your account.
In case you face a technical error during payment, you can re-initiate the process by approaching your bank or broker.

How will I receive the UTI AMC IPOs?

After final allotment, the shares will get credited to your DEMAT account.

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