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Unit Trust of India (UTI) Asset Management Company (AMC) is the first asset management company in India with a history of more than 55 years. In order to reach PAN India, the company has established 163 UTI Financial centers, 273 Business Development Associates and Chief Agents and 33 other Official Points of Acceptance. The company has approximately 51,000 Independent Financial Advisors. UTIAMC is a professionally managed company having four sponsors: State Bank of India, Life Insurance Corporation, Punjab National Bank and Bank of Baroda. The company is considered as a global asset management company having T. Rowe Price International Ltd in the list of major stakeholders which is controlling 26% stake in the Company. As per the data from CRISIL, 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 the top ten Indian AMC coming from B30 cities.
|Gross Operating Income||8909.61||10808.94||11627.47|
|Cost of Employee & Impairment||3427.67||3087.59||3244.46|
|Profit Before Tax||3454.46||4912.46||5454.29|
|Profit After Tax||2764.85||3479.27||4050.91|
|S.No.||Face Value||Closing Price as||Total Income (FY20)||EPS||NAV||P/E Ratio||Return on|
|on Sep 21, 2020||(In millions)||Net Worth (%)|
The promoter of the company is Government of India.
In the unlisted space, the company has number of competitors such as SBI MF, ICICI Pru MF, HDFCAMC, NAM India, ABSL MF, Kotak AMC and Franklin Templeton MF etc. While in the listed space, the rookie AMC will face competition from HDFCAMC, NAM India, IDFC and Edelweiss Financial Services.
The object of the Offer for Sale is to allow the shareholders to sell an aggregate of up to 38,987,081 Equity Shares held by them. The company will not receive any proceeds from the Offer for Sale. Offer for Sale Size is of 38,987,081 Equity Shares making it an amount of Rs. 2,160 crores at the upper price band. The sole purpose of the IPO is to achieve listing gains through disinvestment.