IPO note: UTI Asset Management Company Limited - “SUBSCRIBE for listing gains” Sep. 29, 2020 Issue date Sep. 29 – Oct. 01, 2020 Finalisation of basis of allotment Oct. 07, 2020 Refunds/ASBA unblocking Oct. 08, 2020 Credit of equity shares to DP account Oct. 09, 2020 Listing date Oct. 12, 2020 The UTI AMC IPO is subscribed 2.31 by Oct 1, 2020 18:00. The first three shareholders will sell 10,459,949 shares each, while the other two will offload 3,803,617 shares each. We recommend subscription of UTI AMC IPO. The equity share of UTI Asset Management Company Ltd will list on BSE, NSE. 3 Easy steps to trade in F&O (Equity Future Derivatives) at BSE, NSE, HUF Account Basics Explained (Bank, Demat and Trading Account), Minor Demat & Trading Account Explained - IPO, Tax, NCD FAQ. Their IFAs channel includes approximately 51,000 Independent Financial Advisors (“IFAs”) as of September 30, 2019. The asset manager will be the third in the industry after Reliance Nippon Life Asset Management and HDFC Asset Management to go public. Buck up boys... Buck up/! UTI AMC IPO will be listed on 12th Oct 2020, check out the live share price by clicking on the below link. However, the Allotment status is not yet disclosed. How do I check UTI AMC IPO live subscription? Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. Their banks and distributors (“BND”) channel involves distribution arrangements with domestic and foreign banks, as well as with national and regional. The equity share of UTI Asset Management Company Ltd will list on BSE, NSE. None of their Directors have any interest in any property acquired or proposed to be acquired of their Company or by Increase geographical reach and expand distribution channels. How do I check UTI AMC IPO live subscription? Get the Deal !!! Visit UTI AMC IPO allotment status to check. The lead manager to the issue is, The opening and the closing date of UTI AMC IPO is, UTI Asset Management – Investment Philosophy, , as per the Restated Financial Statements, UTI Asset Management IPO Offer Details or Issue Details, UTI Asset Management IPO Registrar to Offer, UTI AMC IPO Review by Top 10 Stock Brokers, UTI AMC IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP. Lot size and probable listing date. Issue: The Fresh Issue of 38,987,081 Equity Shares by their Company of Rs.10 each at a price of Rs.552 to Rs.554 per equity share aggregating to Rs.2,159.88 Cr. 16th-Oct-2020 18:29 Source: BSE. UTI AMC is the seventh-largest asset management company in India in terms of mutual fund QAAUM (quarterly average assets under management) as of September 30, according to CrisilNSE -1.94 %. Our IFAs channel includes approximately 51,000 Independent Financial Advisors (“IFAs”) as of September 30, 2019. T. Rowe Price Group, Inc., a global asset management company, is their other major shareholder (through its subsidiary T. Rowe Price International Ltd. (“TRP”)). Media reports peg the IPO size at around Rs 3,800-4,800 crore, which would value the asset manager at around Rs 12,000-15,000 crore. Get the Offer !!! Learn about Large Cap, Medium Cap & Small Cap IPOs. Motilal Oswal: Free (Trading & Demat Account) + Free Brokerage for 1st Month (i.e. Established position in retirement solutions through product innovation and large retirement fund mandates. They have a national footprint and offer our schemes through a diverse range of distribution channels. This Initial Public Issue of 38,987,081 Equity Shares of Rs.10 each for cash at a price of Rs.552 to Rs.554 per equity share aggregating to Rs.2,159.88 Cr. Get this Deal !!! Their Company will not receive any proceeds from the Offer. Gud Morning! their Company in the preceding three years. UTI Asset Management Company Ltd 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 (Quarterly average AUM). Their history and track record in the mutual fund industry, strong brand recognition, distribution reach, performance and client relationships provide a platform for future growth. The public issue consists of an offer for sale by shareholders including State Bank of India, Bank of Baroda, LIC, Punjab National BankNSE -2.47 % and T Rowe Price.