Business Standard

UTI Asset Management Company Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

2,159.88 cr

Price Range (₹)

554

Lot Size

27

Min Investment (₹)

14,958.00

Listing Exchange

MumbaiNSE

Open Date

29-Sept-2020

Close Date

01-Oct-2020

Listing Date

12-Oct-2020

UTI Asset Management Company Ltd News

    The Shares of UTI Asset Management Company Ltd have now been listed.

    UTI Asset Management Company Ltd IPO Details

    Initial Public Offer of 38,987,081 equity shares of face value of Rs. 10 each (the equity shares) of UTI Asset Management Company Limited (the company) for cash at a price of Rs. 554 per equity share (including a share premium of Rs. 544 per equity share) aggregating to Rs. 2159.88 Crores (the offer) through an offer for sale of up to 10,459,949 equity shares aggregating to Rs. 579.48 Crores by State Bank of India (sbi), up to 10,459,949 equity shares aggregating to Rs. 579.48 Crores by Life InsuranceCorporation of India (lic), up to 10,459,949 equity shares aggregating to Rs. 579.48 Crores by Bank of Baroda (bob), to 3,803,617 equity shares aggregating up to Rs. 210.72 Crores by Punjab National Bank (pnb) and up to 3,803,617 equity shares aggregating up to Rs. 210.72 Crores by T. Rowe Price International Ltd (trp and together with sbi, lic, Bob and pnb, the selling shareholders). This offer includes a reservation of up to 200,000 equity shares (constituting to 0.16% of the post-offer paid-up equity share capital of the company) for purchase by eligible employees (the employee reservation portion). The offer less the employee reservation portion is hereinafter Referred to as the net offer. The offer and the net offer would constitute 30.75% and 30.59% of the post-offer paid-up equity share capital, respectively.The Offer Price is Rs.554 per equit share and is 55.4 times of the face value of the equity shares, The Anchor Investor offer Price is Rs.554 per equity share.

    Objective of issue

    Listing of Shares on the Stock Exchanges.

    UTI Asset Management Company Ltd Contact Details

    UTI Asset Management Company Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@uti.co.in

    Website - www.utimf.com