• UTI Asset Management Company Limited allocates 1,16,36,124 equity shares at a upper price band of Rs 554 per equity shares
• Offer to remain open from September 29^th to October 01^st 2020
• IPO price band fixed at Rs 552 to Rs 554 per equity share of face value of Rs 10 each.

MUMBAI, 28 SEPTEMBER, 2020 (GPN): UTI Asset Management Company Limited (the “Company’), the second largest asset management company in India in terms of Total AUM (Assets Under Management) and the eighth largest asset management company in India in terms of mutual fund QAAUM (Quarterly average Assets Under Management) as of June 30, 2020, according to CRISIL, today allotted 1,16,36,124 equity shares to 67 anchor investors and raised Rs 644.64 crore ahead of the company’s proposed IPO at an upper price band of Rs 554 per equity shares.

The anchor allocation as follows:

ADITYA BIRLA SUN LIE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE SMALL CAP FUND – 3.10%; ADITYA BIRLA SUN LIE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE DIVIDEND YIELD FUND – 0.42%; ADITYA BIRLA SUN LIE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE MIDCAP FUND – 1.42%; ADITYA BIRLA SUN LIE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE INDIA GENNEXT FUND – 0.63%; ADITYA BIRLA SUN LIE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE RESURGENT INDIA FUND – SERIES 6 – 2.17%; INVESCO TRUSTEE PRIVATE LIMITED – A/C INVESCO INDIA FOCUSED 20 EQUITY FUND – 2.75%; ITPL – INVESCO INDIA PSU EQUITY FUND – 0.56%; ITPL – INVESCO INDIA BANKING FUND REGMF RBF – 0.82%; INVESCO TRUSTEE PRIVATE LIMITED – A/C INVESCO INDIA SMALLCAP FUND INTISMCFD – 1.76%; SUNDARAM MUTUAL FUND A/C SUNDARAM MID CAP FUND – 3.67%; SUNDARAM MUTUAL FUND A/C SUNDARAM SERVICES FUND – 0.77%; SUNDARAM MUTUAL FUND A/C SUNDARAM BALANCED ADVANTAGE FUND – 0.44%; SUNDARAM MUTUAL FUND A/C SUNDARAM EQUITY FUND – 0.40%; SUNDARAM MUTUAL FUND A/C SUNDARAM FINANCIAL SERVICES OPPORTUNITIES FUND – 0.14%; SUNDARAM INDIA MIDCAP FUND – 0.78%; AVENDUS ABSOLUTE RETURNS FUND – 0.78%; TARA EMERGING ASIA LIQUID FUND – 0.78%; CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO EQUITY TAX SAVER FUND – 1.86%; CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO CONSUMER TRENDS FUND – 0.93%; CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO EQUITY DIVERSIFIED FUND – 3.09%; GOLDMAN SACHS (SINGAPORE)PTE – ODI – 0.78%; NOMURA SINGAPORE LIMITED ODI – 0.78%; HSBC GLOBAL INVESTMENT FUNDS – INDIAN EQUITY – 4.29%; HSBC GLOBAL INVESTMENT FUNDS – ASIA EX JAPAN EQUITY – 3.45%; KOTAK FUNDS – INDIA MIDCAP FUND – 3.10%; HSBC FOCUSED EQUITY FUND – 0.78%; HSBC LARGE AND MID CAP EQUITY FUND – 0.53%; HSBC SMALL CAP EQUITY FUND – 0.23%; PGIM INDIA TRUSTEE PRIVATE LIMITED A/C PGIM INDIA LARGE CAP FUND – 0.39%; PGIM INDIA TRUSTEE PRIVATE LIMITED A/C PGIM INDIA HYBRID EQUITY FUND – 0.31%; PGIM INDIA TRUSTEE PRIVATE LIMITED A/C PGIM INDIA EQUITY SAVINGS FUND – 0.08%; HDFC SMALL CAP FUND – 4.18%; HDFC TRUSTEE COMPANY LTD A/C HDFC CAPITAL BUILDER VALUE FUND – 3.10%; HDFC TRUSTEE COMPANY LTD A/C HDFC MULTI-ASSET FUND – 0.46%; KOTAK TAX SAVER SCHEME – 0.69%; KOTAK SMALL CAP FUND – 1.03%; KOTAK BALANCED ADVANTAGE FUND – 0.69%; KOTAK INDIA EQ CONTRA FUND – 0.34%; KOTAK DEBT HYBRID 0.34%; EDELWEISS MULTI STRATEGY INVESTMENT TRUST – EDELWEISS ALTERNATIVE EQUITY SCHEME – 1.55%; ELARA INDIA OPPORTUNITIES FUND LIMITED – 2.32%; KOTAK MAHINDRA LIFE INSURANCE COMPANY LTD – 1.55%, EDELWEISS ALTERNATIVE INVESTMENT OPPORTUNITIES TRUST – EDELWEISS CROSSOVER OPPORTUNITIES FUND – SERIES II – 1.55%; BNP PARIBAS MUTUAL FUND AC BNP PARIBAS MULTI CAP FUND – 0.82%; BNP PARIBAS MUTUAL FUND AC BNP PARIBAS SUBSTANTIAL EQUITY HYBRID FUND – 0.73%; VALEGO GLOBAL FUND – 0.78%; HDFC LIFE INSURANCE COMPANY LTD – 3.87%; MAX LIFE INSURANCE CO LTD A/C PARTICIPATING FUND – 1.55%; MAHINDRA MANULIFE MID CAP UNNATI YOJANA 1.17%; MAHINDRA MANULIFE TOP 250 NIVESH YOJANA – 0.38%; JM FINANCIAL MUTUAL FUND – JM VALUE FUND – 0.30%; JM FINANCIAL MUTUAL FUND – JM MULTICAP FUND – 0.47%; MORGAN STANLEY ASIA (SINGAPORE) PTE – ODI – 2.33%; RELIANCE CAPITAL TRUSTEE CO LTD – A/C NIPPON INDIA BALANCE ADVANTAGE FUND – 1.55%; RELIANCE CAPITAL TRUSTEE CO LTD – A/C NIPPON INDIA – INDIA OPPORTUNITIES FUND – SERIES A – 3.10%; RELIANCE CAPITAL TRUSTEE CO LTD – A/C NIPPON INDIA VALUE FUND – 3.10%; ICICI PRUDENTIAL EQUITY & DEBT FUND – 6.19%; ICICI PRUDENTIAL VALUE FUND – SERIES 19 – 1.55%; ICICI PRUDENTIAL MULTICAP FUND – 3.87%; MIRAE ASSET MIDCAP FUND MIRAEMF– 3.10%; MIRAE ASSET HYBRID – EQUITY FUND – 2.31%; IIFL SPECIAL OPPORTUNITIES FUND – SERIES 4 – 1.55%; PRINCIPAL TRUSTEE COMPANY PVT LTD A/C – PRINCIPAL MUTUAL FUND – PRINCIPAL EQUITY SAVINGS FUND – 0.29%; PRINCIPAL MID CAP FUND – 0.39%; PRINCIPAL TRUSTEE COMPANY PVT LTD A/C – PRINCIPAL MUTUAL FUND – PRINCIPAL PERSONAL TAX SAVER FUND – 0.03%; PRINCIPAL TRUSTEE COMPANY PVT LTD A/C – PRINCIPAL MUTUAL FUND – PRINCIPAL TAX SAVINGS FUND – 0.06%; CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE COMPANY LIMITED – 0.78%.

The price band of the Offer has been fixed at Rs 552 to Rs 554 per Equity Share. The initial public offer opens for subscription on 29^th September 2020 and will close on 01^st October 2020.

The Offer consists of an initial public offer of up to 38,987,081 Equity Shares by the Selling Shareholders (defined subsequently) comprising an offer for sale of up to 10,459,949 Equity Shares by State Bank of India (“SBI”), up to 10,459,949 Equity Shares by Life Insurance Corporation of India (“LIC”), up to 10,459,949 Equity Shares by Bank of Baroda (“BOB”), up to 3,803,617 Equity Shares by Punjab National Bank (“PNB”) and up to 3,803,617 Equity Shares by T. Rowe Price International Ltd. (“TRP” and together with SBI, LIC, BOB and PNB, the “Selling Shareholders”). The Offer includes a reservation of up to 200,000 Equity Shares (constituting up 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 at least 30.75% and 30.59% of the post-Offer paid-up Equity Share Capital of the Company, respectively.

Bids can be made for a minimum of 27 Equity Shares and in multiples of 27 Equity Shares thereafter.

The Equity Shares offered pursuant to the Offer are proposed to be listed on BSE Limited and National Stock Exchange of India Limited (“NSE”). For the purpose of the Offer, NSE is the designated stock exchange.

Kotak Mahindra Capital Company Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, DSP Merrill Lynch Limited, ICICI Securities Limited, JM Financial Limited and SBI Capital Markets Limited are the book running lead managers to the Offer (“BRLMs”).

Link: https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200928-43