IPO || UTI AMC IPO || Company overview || Lot Size || Tentatives Dates || GMP || How to Apply ||
About the company:-
UTI stands to (UNIT Trust of India). UTI AMC is Incorporated in 2002. UTI AMC is the 7th largest asset management company in India in terms of mutual fund QAAUM as of September 30, 2019, according to CRISIL.
UTI AMC has more than 11 million Live Folios as of September 30, 2019, and the company’s client base accounts for 12.8% of the approximately 86 million folios that, according to CRISIL, are managed by the Indian mutual fund industry.
Now Company’s Board is Decided to go on Listed on Stock market with 3000 Crore IPO.
UTI AMC has a good track record in the mutual fund industry, strong brand recognition, distribution reach, performance, and client relationships provide a platform for future growth.
UTI AMC is a professionally managed company led by its Board of Directors and a dedicated and experienced management team. For purposes of the SEBI Mutual Fund Regulations, their four sponsors are the State Bank of India (“SBI”), Life Insurance Corporation of India (“LIC”), Punjab National Bank (“PNB”), and Bank of Baroda (“BOB”) (collectively, the “Sponsors”), each of which has the Government of India as a majority shareholder. T. Rowe Price Group, Inc., a global asset management company, is another major shareholder (through its subsidiary T. Rowe Price International Ltd. (“TRP”)).
The company has a national footprint and offers its schemes through a diverse range of distribution channels. As of September 30, 2019, its distribution network includes 163 UTI Financial Centres (“UFCs”), 273 Business Development Associates (“BDAs”), and Chief Agents (“CAs”) (46 of whom operate Official Points of Acceptance (“OPAs”)) and 33 other OPAs, most of which are in each case located in B30 cities.
UTI AMC IPO Dates, Price Band, Lot size:–
| Bid Open: | 29 September 2020 |
| Bid Close: | 01 October 2020 |
| IPO Size: | Approx ₹2160 Crore |
| Price Band: | ₹550 – ₹554 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| QIB Portion: | 50% |
| NIB Portion: | 15% |
| Lot Size: | Minimum 27 Shares Maximum 351 Shares |
| Minimum Amount: | ₹14958/- |
| Maximum Amount: | ₹194454/- |
UTI AMC IPO Allotment Tentative Date:-
| Finalization of Basis of Allotment: | 07 October 2020 |
| Initiation of Refunds: | 08 October 2020 |
| Credit to Demat Account: | 09 October 2020 |
| IPO Listing Date: | 12 October 2020 |
How to Apply for UTI AMC IPO:-
Now you can apply IPO through your De-MAT account. Just simply log in to your De-MAT Account and Go to the IPO section under the Investment option and select open IPOs and make payment through UPI Apps. and 2nd ways to apply is through the ASBA facility available in your Bank Account you have to just log in to your net banking and go to the Investment option and select Open IPO list, and if you have not Net banking then you can apply offline through Filling a simple form with your Brokers.
Note:- For Free Demat Account Opening or any Other Assistant you may Contact on +9187088-20004
Company Registered Address:–
UTI ASSET MANAGEMENT COMPANY LIMITED
UTI Tower, ‘Gn’ Block,
Bandra-Kurla Complex, Bandra (East),
Mumbai 400051, Maharashtra
Tel: +91 22 6678 6666
Contact Person: Arvind Patkar
Company Secretary and Compliance Officer
E-mail: [email protected]
Website: https://www.utimf.com/
UTI AMC IPO book running lead managers:–
- Axis Capital Limited
- BoA Merrill Lynch
- Citigroup Global Markets India Private Limited
- ICICI Securities Limited
- JM Financial Consultants Private Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
UTI AMC Grey Market Premium:-
50-60 as on today.
Note:- Grey Market Premium changing on daily basis do not subscribe just seeing GMP please consult before Investment with your Investment Planner or Adviser.
Our Review on Angel Broking IPO:-
Should apply for listing gain and Long term Purpose.
!!!!!!Thank You !!!!!
