UTI AMC IPO Review & Company IPO Details
UTI AMC was incorporated in the year 2002. UTI AMC is basically involved with the management of domestic mutual funds of its parent company UTI Mutual Fund, which is specifically involved with mutual funds and allied services.
UTI AMC IPO Full Details in Brief
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UTI AMC also provides portfolio management services to its institutional clients.
These services can also be availed by high capital proprietors.
Some of its clients include Employee Provident Fund Organisation, Postal Life Insurance, National Skill Development Fund.
The firm also manages retirement funds under NPS and offshore funds of renowned companies including Shinsei UTI India Fund.
The company also provides alternative investment funds with unique plans and premium goals for a diverse group of institutional investors, individuals, trusts, banks, and NRIs.
A glimpse of UTI AMC
• According to the famous analytics company CRISIL, UTI AMC is the biggest AMC in India on the basis of Total AUM.
On the basis of mutual fund QAAUM, UTI AMC is the seventh-largest AMC in India with ₹1,542.3 billion.
Along with these benchmarks, UTI AMC is amongst the top ten Indian AMC operating from B30 cities, accounting for the largest share of monthly average AUM.
• 72.7% of the total income of the company is derived from the management fees of domestic mutual funds.
APPLY IPO VIA ZERODHA
• UTI AMC has the benchmark of establishing the first mutual fund in India. Also, UTI AMC has been providing asset management services for more than 55 years.
The company has a strong history and an exceptionally proven track record in the mutual fund industry.
• UTI AMC has a humongous portfolio base of 11 million active clients, it alone accounts for 12.8% of the country’s client base under the custodian of the Indian mutual fund industry.
• UTI AMC has a nationwide presence with 273 Business Development Associates, 163 UTI Financial Centres, and 33 other services providers absorbed as the Official Points of Acceptance.
UTI AMC also boasts of having nearly 51,000 Independent Financial Advisors.
• UTI AMC has some prominent PSUs as sponsors SBI, LIC, PNB, and BOB. Besides national big guns, UTI AMC has Rowe Price International Ltd, a well-known global asset management company as one of its major stakeholders, having a 26% share- stake in the Company.
• UTI AMC manages 178 client-based services including domestic mutual fund schemes, hybrid, equity, liquid, income, and money market funds.
Company Promoters:
UTI AMC is an individually managed company, with no identifiable promoter in terms of SEBI.
Summary of revenue in past financial years
For the financial year(₹ in Million)
| For the financial year(₹ in Million) | Sep 30’ 19 | Mar 31’ 19 | Sep 31’ 18 | Mar 31’ 18 |
| Total Revenue | 4,963.57 | 10,808.94 | 11,627.47 | 10,482.51 |
| Total Assets | 30,468.15 | 30,132.63 | 29,192.52 | 25,031.19 |
| Profit made after tax deduction | 2,089.21 | 3,479.27 | 4,050.91 | 3,952.22 |
Objects of the issue being opened for UTI AMC IPO
The objects of the company include
1. achieving the benefits of listing of the Equity Shares on prominent Stock Exchanges.
2. Making sales worth 38,987,081 Equity Shares by the selling shares.
Note its an offer for sale & all will be sell by promoters
| IPO Date | Sep29, 2020- 0ct 1 2020 |
| Issue Type | Bookbuild issue IPO |
| Issue Size | 38,987,081 (Shares equivalent to ₹10, amounting to ₹3,000.00 Cr) |
| Face Value | ₹10 per equity share |
| IPO Price | ₹552 to ₹554 per equity share |
| Market Lot | 27 share |
| Min Order | 27share |
| Listing At | BSE, NSE |
How to check the UTI AMC IPO Register & IPO Status
| Company | Address |
| KFintech Private Limited
Phone: 1-800-3454001 |
Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. |
