UTI AMC IPO
(i) UTI AMC, India’s most trusted Wealth creators and always has the interest of its investors in its heart. UTI AMC has completed 50 years as India’s leading Financial service institution and was the sole vehicle of capital market investment for Indian Citizens till the early ’90s. The institution has shown great resilience and has grown from strength to strength overcoming economic turbulence and global turnarounds.
(ii) UTI has contributed immensely to industrial and capital growth in the Indian market. It has led to transformative initiatives like developmental financial institutions, rural outreach programs, and financial products and services.
(iii) UTI AMC has assets under management across different businesses which include Domestic mutual fund, Portfolio Management Services, International Business, Retirement Solutions, Venture Funds, and Alternative Investment assets.
(iv) UTI AMC is today a household name in India and has a wide portfolio to suit the varied needs of investors supported by industry-led best practices, long-term vision, and shareholder values. With 150 branches, 47,000 highly trained IFAs, 320 Chief Agents and Business Development Associates, and over 1 crore investor accounts, UTI AMC is one of the leading financial institutions with a pan Indian presence.
As of 31.08.2020, the company is currently having an AUM of 155467 Crore.
How does UTI AMC make money?
They charge management fees from the clients to manage their funds. So, the larger the size of AUM(Asset Under Management), the more the revenue they get. And there are two types of funds they manage, Equity and Debt. Fee levels for equity and hybrid funds are generally higher than the fee levels for income and liquid and money market funds and fee levels for active funds are generally higher than fee levels for passive funds. In general, UTI AMC charges relatively stable fees for equity funds, whereas fees for debt funds vary significantly depending on market conditions as well as fund duration and type of fund.
Objects of the UTI AMC IPO:
UTI AMC IPO Details:
|Open Date:||Sep 29 2020|
|Close Date:||Oct 01 2020|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Building|
|Issue Size:||2160 Cr.|
|Lot Size:||27 Shares|
|Issue Price:||₹ 552-554 Per Equity Share|
|Listing Date:||Oct 12 2020|
Promoters And Management:
|Shareholders||No. of Shares (Cr)||%|
|State Bank of India||2.3125||18.24%|
|Life Insurance Corporation of India||2.3125||18.24%|
|Bank of Baroda||2.3125||18.24%|
|Punjab National Bank||2.3125||18.24%|
|T. Rowe Price International Limited||3.2965||26%|
Financials of UTI AMC IPO:
|Particulars (In Crores)||2020||2019||2018||2017||2016|
Comparison With Peers:
|Company||FV||Share Price||Mcap (Cr)||AUM (Cr)||Mcap/AUM|