The unblocking of funds from ASBA Account will start on October 8 and the shares will be credited to the account of eligible investors by October 9.
UTI Asset Management Company, the second-largest asset management company in India in terms of total AUM, closed its Rs 2,160-crore public issue on October 1. The focus now shifts to the allotment status expected to be known on October 7 or 8.
The unblocking of funds from ASBA account will start around October 8 and the shares will be credited to the account of eligible investors by October 9. The trading in shares will commence from October 12, as per the company’s prospectus.
Here are five easy steps to check your allotment status through the website of Registrar – KFin Technologies. The registrar has provided the option of three links and you can click on any to view the IPO allotment status.
>> Select IPO “UTI Asset Management Company” from the dropdown
>> Check box either “Application Number” or “DP ID/Client ID” or “PAN”
>> In case of application number, select application type (ASBA or NON ASBA) and Enter Application Number. In case of DPID/Client ID, select Depository “NSDL or CDSL” and enter “DP ID (depository participant ID)/Client ID”. In case of the PAN option, enter the permanent account number
>> Enter “Captcha” mentioned in digits-and-letters
>> Click on the “Submit” button.
You can also check the allotment status on the BSE website:
1) Check box “Equity” in Issue Type
2) Select “UTI Asset Management Company” in the dropdown under Issue Name
3) Enter your application number
4) Enter PAN
5) Press or click on the “Search” button
If the information filled is correct, then you will see your application status. You can see the number of shares subscribed and the number of allotted shares on the page.
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The IPO was expected to see a strong response but it didn’t live up to the billing. The public issue that was open from September 29-October 1 was subscribed only 2.31 times.
The issue price was fixed at Rs 554 per share, the higher price band. The IPO comprised an offer for sale of 3,89,87,081 equity shares by SBI, Bank of Baroda, PNB, LIC and T Rowe Price International. Aall the funds raised via public issue will go to the selling shareholders.
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 2020. It managed 153 domestic mutual fund schemes, comprising equity, hybrid, income, liquid and money market funds as of June 2020.
Its total QAAUM for domestic mutual funds was Rs 1,33,630 crore, while other AUM was Rs 8,49,390 crore.
