Company Details
- UTI AMC 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 Company had the largest share of its 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.
- Company cater to a diverse group of individual and institutional investors through a wide variety of funds and services. It manages 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.
- UTI AMC have a national footprint and offer its schemes through a diverse range of distribution channels. As of June 30, 2020, its distribution network includes 163 UTI Financial Centres (“UFCs”), 257 Business Development Associates (“BDAs”) and Chief Agents (“CAs”) (40 of whom operate Official Points of Acceptance (“OPAs”)) and 43 other OPAs, most of which are in each case located in B30 cities. Its IFAs channel includes approximately 53,000 Independent Financial Advisors (“ IFAs”) as of June 30, 2020.
- UTI AMC clients include domestic individual investors, corporate and other institutional investors and banks and other financial institutions, Trusts and non –resident Indians (“NRIs”). Company manage 153 domestic mutual fund schemes, comprising equity, hybrid, income, liquid and money market funds as of June 30, 2020.
Issue Period | Issue Opens On: Tuesday, September 29th, 2020 |
Issue Closes On: Thursday, October 01st, 2020 | |
Price Band | Rs.552/- to Rs.554/- per equity shares |
Bid Lot | 27 Shares and in multiple thereof |
Issue Size | Rs. 2160 Cr. |
Employee Reservation | 2,00,000 Equity Shares ( 11 Cr.) |
Issue break-up | QIB – 50 % of the Net offer – Rs. 1074 Cr. |
NIB – 15 % of the Net offer – Rs. 322 Cr. | |
RET – 35 % of the Net offer – Rs. 752 Cr. | |
Listing | NSE & BSE |
Registrar | KFin Technologies Private Limited. |
UPI | All Retail Applications through brokers are compulsorily in UPI Mode |