UTI Asset Management Company Ltd IPO
UTI AMC was incorporated in 2002 and provides portfolio management services to high networth individuals and institutional clients like Employee Provident Fund Organisation, National Skill Development Fund and Postal Life Insurance. It also manages retirement funds viz. NPS, offshore funds like Shinsei UTI India Fund, and alternative investment funds that cater to a diverse group of individuals, institutional investors, banks, trusts, and NRIs.
Key Facts about UTI AMC:
According to CRISIL as of September 2019, UTI AMC is the largest AMC in India in terms of Total AUM, the seventh-largest AMC in India in terms of mutual fund QAAUM with ₹1,542.3 billion , and also has the largest share of monthly average AUM amongst top ten Indian AMC coming from B30 cities.
The management fees from domestic mutual funds account for 72.7% of the total income of the company.
UTI AMC established the first mutual fund in India and has been in the asset management industry for more than 55 years with a strong history and proven track record in mutual fund mutual industry with strong brand recognition.
UTI AMC has 11 million live folios accounting for 12.8% of client base managed by the Indian mutual fund industry.
UTI AMC has a national footprint with 163 UTI Financial Centres, 273 Business Development Associates and Chief Agents and 33 other Official Points of Acceptance. UTI AMC also has approximately 51,000 Independent Financial Advisors.
UTI AMC has four sponsors SBI, LIC, PNB and BOB each of which has the Government of India as a majority shareholder. UTI AMC also has a global asset management company T. Rowe Price International Ltd as one of its major stakeholders with a 26% stake in the Company.
As of September 30, 2019, UTI AMC manages 178 domestic mutual fund schemes, comprising equity, hybrid, income, liquid, and money market funds.
Company Promoters:
UTI AMC is a professionally managed company and does not have an identifiable promoter in terms of SEBI.
Company Financials
Particulars | For the year/period ended (₹ in Million) | |||
Summary of financial Information (Restated) | 30-June-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
Total Assets | 32,634.28 | 31,549.18 | 30,132.63 | 29,192.52 |
Total Revenue | 2,710.68 | 8,909.61 | 10,808.94 | 11,627.47 |
Profit After Tax | 1,010.75 | 2,764.85 | 3,479.27 | 4,050.91 |
Objects of the Issue:
The objects of the Offer are:
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. The sale of up to 38,987,081 Equity Shares by the Selling Shareholders
Issue Details