UTI Asset Management Company Limited (UTI AMC) which is tapping the capital markets with its offer for sale completed allocation to anchor investors. The company allotted 1,16,36,124 equity shares to 33 anchor investors comprising of 67 entities. Included in this list, are 15 domestic funds who subscribed through 49 schemes. The highest allocation was made to ICICI Prudential who was allotted 11.61% of the anchor allocation. This was followed by allocating between 7.73% to 7.75% to three mutual funds, namely HDFC AMC, Aditya Birla Sunlife and Reliance Nippon India.

The offer for sale consists of an issue size of 3,89,87,081 equity shares in a price band of Rs 552-554. The issue has opened on Tuesday the 29th of September and would close on Thursday the 1st of October. The NAV of the company is Rs 212.88 as of 31st March 2020. The company had earned an EPS of Rs 21.53 for the year ended March 2020, implying a PE ratio of 25.64-25.73. The company has announced a dividend of Rs 7 for the year ended March 2020, but the record date for the same is yet to be announced. Further the AGM for the financial year ended 2019-20 is yet to be held where this proposed dividend would be ratified. This effectively means that the current issue has a dividend component of Rs 7 which is still available.

The full list of anchor investors with their allocation is given below: –