According to Market players, the much awaited IPO of UTI AMC is expected in August if the bullish phase of the market continues. However if the mood turns weak, then once again the IPO can get delayedand hence we have provided snapshot of the IPO.
Detailed analysis of the Company has been provided at AnalysisLibrary.com
Grey Market Trend:
Subject to NIL
Short Note about UTI Asset Management Co. Limited
UTI AMC 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 as of September 30, 2019, according to CRISIL. As of September 30, 2019 it 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 March 31, 2019, according to CRISIL. it caters 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. As of September 30, 2019, its total QAAUM for its domestic mutual funds (“Domestic Mutual Fund QAAUM”) was Rs 1,542.3 billion, while its Other AUM was Rs 6,254.7 billion. The management fees in respect of its domestic mutual funds accounted for 72.7% of its total income for the six-month period ended September 30, 2019. With 11.0 million Live Folios as of September 30, 2019, its client base accounts for 12.8% of the approximately 86 million folios that, according to CRISIL, are managed by the Indian mutual fund industry.
Some of the qualitative factors which form the basis for computing the Offer Price are as follows:
(a) Well-positioned to capitalise on favourable industry dynamics, including the underpenetration of mutual fund products.
(b) Pure-play independent asset manager with strong brand recognition and diverse portfolio of funds and services.
(c) Multiple distribution channels with wide reach and broad and stable client base.
(d) Long-term track record of product innovation, consistent and stable investment performance and AUM growth.
(e) Established position in retirement solutions through product innovation and large retirement fund mandates.
(f) Experienced management and investment teams supported by strong governance structures and human resources programs.
(g) Enhanced profitability driven by our size and product mix
The promoters of UTI Asset Management Co. Limited
The Company is a professionally Managed company and doesnot have identifiable promoter.
Main object of UTI Asset Management Co. Limited IPO :
The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and the sale of up to 38,987,081 Equity Shares by the Selling Shareholders in the Offer. Further, the listing of Equity Shares will enhance the Company’s brand name and provide liquidity to the existing Shareholders
IPO Particulars of UTI Asset Management Co. Limited IPO :
IPO Opens on : ? 2020
IPO Closes on : ? 2020
Issue Type: Book Built Issue IPO
Issue Size :
1)Offer for Sale of up to 38,987,081 Equity Shares (having face
value of Rs 10 each) aggregating up to Rs [?] million
2)Employee Reservation Portion of up to 200,000 Equity Shares
(having face value of ? 10 each)
(3) Net Offer of up to 38,787,081 Equity Shares Equity Shares (having face value of ? 10 each)] 1,267,872,540
Equity Shares outstanding prior to the Issue = 126,787,254 Shares
Equity Shares outstanding after the Issue = 126,787,254 Shares
Face Value per share : Rs. 10
Price Band: Per Equity Share: Rs. 835-840 ( Tentative )
Minimum Order Quantity: ? Shares
Listing will at: BSE,NSE
Shares offered to
Anchor : ? Shares, ? Crs
QIB : ? Shares ,?Crs
NII : ? Shares, ? Crs
RII : ? Shares,?Crs (Lot size: ? = ? Forms)
Empl. Quota : 200000 Shares,Rs.?Crs (@? per Share)
Total Issue :126,787,254 Shares Rs.?Crs.
Price Band announced on ? August 2020
Anchor Subscription on ? August 2020
Offer Opens on ? August 2020 :
Offer Closes on ? August 2020
Finalisation of Basis of Allotment : ? August 2020
Unblocking of ASBA : ? August 2020
Credit to Demat Accounts : ? August 2020
Listing on NSE & BSE : ? August 2020
Financial snapshot UTI Asset Management Co. Limited
Earnings per Share 2017-18 Rs 28.73
Earnings per Share 2018-19 Rs 27.83
Earnings per Share 2019-20( 6 M) Rs 16.48
Book Value of the Share as on 30.09.2019 Rs 215.83
Return on Net Worth: 17-18 15.38 %
Return on Net Worth: 18-19 13.55 %
Return on Net Worth: 19-20(6M) 7.71 %
Upper Price Band/last EPS: ?
Upper offer price/Book Value Ratio:
Peer Comparison: on 06 July 2020
HDFC AMC PE Ratio 43.37
Nippon Life India AMC PE Ratio 46.19
Lead Managers of UTI Asset Management Co. Limited
Kotak Mahindra Capital Company ltd
Axis Bank Limited
Citigroup Global Markets India Private Limited
DSP Merrill Lynch Limited
ICICI Securities Limited
JM Financial Limited
SBI Capital Markets Limited
Registrar to the IPO :
Kfin Technologies Pvt Ltd.
Registered Office of UTI Asset Management Co. Limited
UTI Tower, ‘Gn’ Block,
Company Secretary and Compliance Officer
Detailed Analysis of the company ,potential of the IPO & listing price estimate is given in AnalysisLibrary.com