UTI AMC IPO

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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.

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.

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.

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 on 30.07.2019, the company is currently having an AUM of 159764 Crore.

Objects of the UTI AMC IPO:

The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and the sale of up to 38,987,081Equity Shares by the Selling Shareholders in the Offer.

UTI AMC IPO Details:

Listing At: NSE,BSE

Promoters And Management:

State Bank of India, LIC, Bank of Baroda, Punjab National Bank,and T.Rowe Price International lImited are the principal shareholders in the company.
Shareholder (2018-19) 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) 2019 2018 2017 2016
Gross Income 1008 1018 853 749
Gross Expense 515 537 452.7 407.29
PBT 492 481 398.5 341.82
TAX 143 140 107.7 109.77
PAT 348 341 290 232.05
EPS 27.48 26.93 22.94 18.33
Paid-up Capital 126.79 126.79 126.79 126.79
Net Worth 2407 2172 1890 1578

Comparison With Peers:

Company FV Share Price Mcap (Cr) AUM (Cr) Mcap/AUM
Reliance Nippon 10 282 17,314 2,09,484 8%
HDFC AMC 5 2610 55,509 3,75,560 15%
UTI AMC 10 780 9889 1,59,764 6%

Recommendation on UTI AMC IPO:

to be updated when IPO opens

Registrar of UTI AMC IPO:

  1. Kfin Technology Private Limited