Everything You Need to Know About UTI Asset Management Company IPO

UTI AMC is launching it’s IPO. The size of the public offering is expected to be around Rs. 3000 crores, which includes an Offer for Sale from promoters.

About the Company

Carved out of erstwhile Unit Trust of India in 2003, The UTI Asset Management Company is the largest asset management company in India in terms of Total AUM and the seventh-largest asset management company in India in terms of mutual fund QAAUM.

Catering to a diverse group of individual and institutional investors through a wide variety of funds and services UTI AMC also provides Portfolio Management Services (PMS) to institutional clients and high net worth individuals (HNIs), and manage retirement funds, offshore funds, and Alternative Investment Funds.

With 11.0 million Live Folios, UTI’s client base accounts for 12.8% of the approximately 86 million folios that are managed by the Indian mutual fund industry.

UTI AMC manages 178 domestic mutual fund schemes, comprising equity, hybrid, income, liquid, and money market funds with Domestic Mutual Fund QAAUM of ₹1,542.3 billion as of September 2019, which accounted for approximately 6.0%, or the seventh largest amount, of the total QAAUM, invested in all mutual funds in India.

For more information, you can refer to the IPO Prospectus filed by the company.

Indicative Timetable

Event Date
Issue Period 29th Sep 2020 - 01st Oct 2020
Price Range 552 - 554
Minimum Bid Quantity 27
Finalisation of Allotment 7th Oct 2020
Initiation of Refunds 8th Oct 2020
Credit of Shares 9th Oct 2020
Listing 12th Oct 2020
Mandate end date 18th Oct 2020

How do I apply for the UTI AMC IPO?

You can apply for the UTI AMC IPO on Console using any supported UPI app.

Once you have entered your bid on Console, you will receive a mandate collect request on your UPI app. On acceptance of the mandate, the bid amount will get blocked in your bank account. Read more.

HDFC AMC had done well since listing before this Coronavirus thing… Being from same field can UTI AMC give same returns as well in long run? What do fellow traders think of UTI AMC?