UTI Asset Management Company Ltd IPO opens on Sep 29, 2020 and closes on Oct 01, 2020

You can apply on click on Link

UTI Asset Management Company Ltd is the second largest asset management company in India in terms of total AUM and the eighth largest asset management company in India in terms of mutual fund QAAUM as of June 30, 2020, according to CRISIL. As of June 30, 2020 UTI AMC also had the largest share of our monthly average AUM attributable to B30 cities of the top ten Indian asset management companies by QAAUM as of June 30, 2020, according to CRISIL. UTI AMC cater to a diverse group of individual and institutional investors through a wide variety of funds and services. UTI AMC manage 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. As of June 30, 2020, our total QAAUM for our domestic mutual funds (“Domestic Mutual Fund QAAUM”) was Rs 1,336.3 billion, while our Other AUM was Rs 8,493.9 billion. With 10.9 million Live Folios as of March 31, 2020, UTI AMC client base accounts for 12.2% of the approximately 89.7 million folios that, according to CRISIL, are managed by the Indian mutual fund industry. UTI AMC history and track record in the mutual fund industry, strong brand recognition, distribution reach, performance and client relationships provide a platform for future growth.

UTI AMC clients include domestic individual investors (which represented 43.8% of the total closing AUM for domestic mutual 147 funds (“Domestic Mutual Fund Closing AUM”) as of June 30, 2020), corporate and other institutional investors (which represented 45.4% of our Domestic Mutual Fund Closing AUM as of June 30, 2020), and banks and other financial institutions (which represented 3.5% of our Domestic Mutual Fund Closing AUM as of June 30, 2020). Trusts (5.7%) and non -resident Indians (“NRIs”) (1.7%) represented the remainder of our Domestic Mutual Fund Closing AUM as of June 30, 2020. UTI AMC  manage 153 domestic mutual fund schemes, comprising equity, hybrid, income, liquid and money market funds as of June 30, 2020. UTI AMC Domestic Mutual Fund QAAUM was Rs 1,336.3 billion as of June 30, 2020, which accounted for approximately 5.4%, or the eighth largest amount of the total QAAUM invested in all mutual funds in India as of June 30, 2020, according to CRISIL.

Company Promoters :

UTI MAC is a professionally managed company and does not have an identifiable promoter in terms of SEBI ICDR Regulations and the Companies Act. SBI, LIC, BOB, PNB and TRP hold 18.24%, 18.24%, 18.24%, 18.24% and 26% of the paid up Equity Share capital of  Company, respectively, as on the date of this Red Herring Prospectus, no shareholder controls 15% or more of the voting rights in our Company.  

Company Financials :

Particulars	For the year/period ended                (Rs in Million)
	30-June-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	32,634.28	31,549.18	30,132.63	29,192.52
Total Revenue	2,710.68	8,909.61	10,808.94	11,627.47
Profit After Tax	1,010.75	2,764.85	3,479.27	4,050.91

IPO Detail :

Issue Size  - 38,987,081 Eq Shares of Rs 10 (aggregating up to Rs 2159.88 Cr)

IPO Price - Rs 552 to Rs 554 per equity share

Market Lot - 27 Shares ( Min Order quantity )

Maximum Order Quantity for Retail  -  351 Shares (  13 Lots )

Finalisation of Basis of Allotment - Oct 07, 2020

Initiation of Refunds - Oct 08, 2020

Credit of Shares to Demat Account - Oct 09, 2020

IPO Shares Listing Date - Oct 12, 2020