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UTI AMC IPO 2020:UTI AMC GMP,Grey Market Premium

uti amc ipo, uti amc grey market premium, uti amc complete details,uti amc listing gains, uti amc allotment status

UTI AMC IPO 2020 will hit the capital market on 29th September 2020 this year and it will closes on 1st Oct 2020. its AMC knows as UTI Mutual Funds stocks company is enganing domestic mutual funds of UTI AMC.

UTI AMC IPO subsidiaries are UTI Capital LTD, UTI International PVT Ltd, UTI Ventures LTD, and Many more. This fund is one of the oldest and one among the most leading mutual funds houses in India currently. Inspect UTI AMC IPO date, price band, and market lot details below.

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UTI AMC IPO COMPLETE DETAILS:

UTI AMC IPO details
Subscription Dates29 Sep – 1 Oct 2020
Price BandINR552 – 554 per share
Fresh issueNil
Offer For Sale38,987,081 shares (INR2,152.1 – 2,159.9 crore)
Total IPO size38,987,081 shares (INR2,152.1 – 2,159.9 crore)
Minimum bid (lot size)27 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

Lot Size for UTI AMC IPO

 Lot Size:Minimum 27 Shares & Maximum 351 Shares
 Minimum Amount: ₹14958
 Maximum Amount: ₹194454

UTI AMC ALLOTMENT DATE AND LISTING DATES:

 Basis of Allotment of shares: 07 10 2020
 Refunds of funds: 08 10 2020
 Shares credit to Demat Account 09 10 2020
 Listing Date on stock exchange 12 10 2020

Lead Manager’s For UTI AMC IPO 2020

Lead Manager’s For UTI AMC
BoA Merrill Lynch ltd
Citigroup Global Markets Pvt Ltd
ICICI Securities ltd
Axis Capital Ltd
JM Financial Consultants Pvt Ltd
Kotak Mahindra Capital Ltd
SBI Capital Markets Ltd

Category Allotted To Different Groups:

  • Anchor Investors: 1,16,56,124 Equity Shares = Rs. 644.64 Crores
  • QIB’s: 77,67,416 Equity Shares = Rs. 429.76 Crores
  • NII’s: 58,18,062 Equity Shares = Rs. 322.32 Crores
  • RII’s: 1,35,75,479 Equity Shares = 752.08 Crores
  • Employee. Quota: 2,00,000 Equity Shares = Rs. 10.00 Crores (@500 per Share)
  • Total Issue of shares in IPO: 3,89,87,081 euqity Shares = RS. 2158.80 Crores.

UTI AMC IPO GREY MARKET PREMIUM.

Uti Amc grey market Premium price is trading at 30% Before its open for subscribtion. and investors, brokerage houses are positive for this IPO and all brokerage gave green signal for this ipo. Hence Know Key Things of uti amc ipo company profile and business model before subscribing for this IPO.

Grey market premium for uti amc is surge everyday after its date’s are confirmed. we got a details about uti amc ipo review and every detail you requires for investing in this ipo.

UTI AMC COMAPANY PROFILE:

Hello friends. Today we are going to discuss about the details of IPO of UTI AMC. If you don’t know what UTI AMC is you can see the logo of UTI at the right top corner of the screen.

UTI is a mutual fund house being operates in India. they also offer pension funds they have offices at London, Dubai, Guernsey, Singapore. They hndle the domestic mutual fund accounts and offshore accounts for their clients. Offshore accounts for their clients. We shall discuss about the other services offered by them at the end of the article.

During September 2019 of all the asset management companies in India as per the terms of total AUM. The UTI AMC has been announce as the largest AMC in India. it is the seventh largest mutual fund house in India. It has been grant permission to launch their IPO from SEBI. and will most probably launch their IPO by August of this year.

The asset management company submitted their draft papers for their IPO to SEBI on December 2019.According to SEBI before launching a public issue they check certain details of the company to grant permissions. i.e., initial share sale, follow on public offer, issued rights and other details.

After checking on these details SEBI has granted permission to launch the IPO of UTI AMC. AMC has claimed that they can raise funds above Rs.3000 crores through their IPO. UTI AMC is going to sell about 3.89 crores equity shares. UTI AMC is going to sell about 3.89 crores equity shares In Indian Mutual Fund Industry.

After Nippon Life Asset Management and HDFC AMC. UTI AMC will be the third public offering.

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UTI AMC PROMOTERS AND SHAREHOLDING PATTERN:

Lets take a look at the promoters of UTI AMC  SBI, LIC and Bank of Baroda. each hold a share of 1.04 crores SBI, LIC and Bank of Baroda. PNB and US based T.Rowe Price International each hold a share of 38.03 lakhs.

As previously told, a fund of Rs. 3000 crores is expecting to be raise. The sales of this particular IPO uses OFS method. the money raise is not receive by the IPO but rather by the companies in the OFS. In terms of percentage SBI, LIC, PNB, and Bank of Baroda each hold 18.5%. of the stakes and US based T.Rowe Price International hols about 26% of the total stakes and here we have detailed analysis of uti amc ipo.

We already discussed that the method of sale was OFS. let’s take a look at the lead managers to the offer in OFS. Kotak Mahindra Capital, Axis capital ,Citibank, DSP Merrill Lynch, ICICI Securities. JM Financial, SBI capital markets they function as the managers of OFS .

These stocks have been listed in Bombay Stock Exchange(BSE) and National Stock Exchange.(NSE). let’s take a look at the intricate details of the company details of the company.

Company Business Overview:

In September 30 2019, according to monthly average asset under management (AUM) this company has the largest number of shares. In December 2019, SEBI has asked to dilute the total stakes of UTI AMC owned by SBI. LIC, and PNB to lesser than 10%  and the time limit is December 2020. this is because, according to the mutual fund regulation rules of SEBI. any mutual fund house operating in India.

let’s say, is holding almost 10% of stakes of a particular AMC. (could be a shareholder or sponsor). then they cannot hold shares of 10% or more in another AMC. this is regarded as a very useful rule in view of the public. because if a particular bank or company is about to go bankrupt, chances are, all the funds held by them will be lost(go in loss) to avoid such situations, SEBI has such rules.

Price Band for uti amc ipo

It is expected that the IPO shares might be priced between INR 850 to 900 per share but there is no official announcement regarding the price band or date 06:19 but there is no official announcement regarding the price band or date. As I said In the Indian Mutual Fund Industry following Nippon life asset management and HDFC AMC, UTI is the third public offer to be launch. As on March 31, 2020, UTI has managed to raise 1.51 lakhs worth assets.

On this basis let’s say if they launch their IPO at INR 900 per share. UTI will attain Rs.13500 crores of shares about the other two AMCs. Nippon life asset management has a market capitalization of Rs.17356 crores. whereas HDFC AMC has Rs.52380 crores of market capitalization.UTI AMC is managing 11 million live folio accounts which is a 12.8% of client. base in total Indian mutual fund industry.

This IPO grey market premium is consideered to be 30% as of different reports and hence investors can expect 30% listing gains . Uti amc ipo grey market premium is trading well in the market and retail investors are waiting for it.

Services Offered By UTI AMC:

As i said earlier let’s take a look at the other services offered by UTI AMC. UTI AMC manages PMS (portfolio management services) to institutional clients. and HNI(high net worth individuals). they also manage retirement funds. offshore funds and alternative investment funds. UTI AMC also provides services to EPFO (Employee Provident Fund Organization). and services to National Skill Development Fund and services to Postal Life Insurance.

In case EPFO UTI is managing a total of 55% of EPFO’s total corpus of central board of trustees. hence the expectations for the public offering of UTI is quite high. but the official info on the price band and date is yet to be announce.

 UTI AMC Financial Performance:

The financial performance of UTI is being display on the screen take a look if you are interested. such as IPO issue price, current price, listing price and profit.

UTI AMC’s financial performance (in INR crore)
 FY2017FY2018FY2019Q1 FY2020
Revenue1,048.61,162.71,080.9496.4
Expenses527.7617.3589.6257.1
Net income395.2404.6311.1186.9
Net margin (%)37.734.828.837.7

Recommendation on UTI AMC IPO:

Review & Recommendation off syedlearns are 5/10.

  • 1. The Uti AMC business in India is highly below-penetrated as compared to other global countries. AUM/GDP is just 11% in India as compared to the 65% global average. Investors are putting a lot of money in Mutual funds as a preferred investment for thier future.
  • 2. The competition is very tough and a lot of new players are getting a mutual fund licenses. and as competition increases revenue drops.
  • 3. The management of the company is still not private. T Rowe Price in past was not happy with the management team of UTI AMC. So, unless T Rowe Price gets the majority stake in UTI AMC, stakeholders have to manage the government elected board members. For this to happen, an open offer is required in the future.
  • 4. The AUM is continuously declining over the years. This has resulted in a decrease in revenue.
  • 5. The valuation at which shares are offered is very attractive as compared to peers like HDFC and Nippon India.
  • 6. Listing gain for uti amc ipo investors expecting around 20-30%.

UTI AMC IPO 2020 DETAILS FAQs:

When will be the AMC IPO will open for Anchor Investors?
Anchor Investors will start bidding on 28-09-2020.

What is the size of UTI AMC IPO ?
UTI AMC IPO 2020 size is around Rs. 2150 crore

When UTI AMC IPO will open Retail Investors?
The IPO will open on 29 10 2020 for Retail Investors.

What is UTI AMC IPO Investors Portion?
The uti amc ipo investors get50%, NII-10%, and Retail investors get 35%.

  • How to Apply the UTI AMC IPO 2020?
  • One can submit applicayion for UTI AMC IPO through UPI online via your bank account.
  • You can apply ASBA online via UPI through your stock brokers.
  • apply via your stock brokers by filling up the offline form

When will be the UTI AMC IPO Allotment status check Date?
UTI AMC IPO allotment date status check is on 07 102020.

When is UTI AMC IPO 2020 Listing Date?
UTI AMC IPO 2020 will be listed dated 12 October 2020. The IPO to be listed on NSE and BSE.

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