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UTI AMC Unlisted Shares

UTI AMC is now Listed company. Arms securities given good profit to customers this company unlisted shares

We recommonded UTI AMC shares at INR 700 and the current value of shares is INR 995

UTI AMC Ltd. 

UTI Asset Management Company, the country’s fifth largest mutual fund manager, has proposed an initial public offering (IPO) plan to the government to provide an exit to its four state-run sponsors—State Bank of India (SBI), Life Insurance Corp. of India (LIC), Bank of Baroda (BoB) and Punjab National Bank (PNB).

At a meeting with the government late March 2016, the fund house proposed an IPO to divest at least 26% of the promoter stake, which will allow a partial exit of the four sponsors in equal proportion.

At present, each of the four state-run sponsors holds an 18.5% stake in the paid-up capital of UTI Asset Management, while the rest is held by T. Rowe Price International Ltd.

“UTI has proposed an IPO of at least 26% promoter stake, which could include partly primary market stake sale and partly secondary market sale. The government has to approve the proposal for enabling UTI Asset Management Co. to go public, which would eventually provide an exit to the four sponsors,” as per reports.

Shareholding Pattern:

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 Unlisted Shares:

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%

UTI Mutual Fund

Key Information

Mutual Fund UTI Mutual Fund
Setup Date Feb-01-2003
Incorporation Date Nov-14-2002
Sponsor State Bank of India / Punjab National Bank / Bank of Baroda / Life Insurance Corporation
Trustee UTI Trustee Co (P) Ltd
Chairman N.A
CEO / MD Mr. Leo Puri
CIO N.A
Compliance Officer Mr. Vivek Maheshwari
Investor Service Officer Ms Nanda Malai
Assets Managed Rs. 157585.79 crore (Dec-31-2018)

Other Details

Auditors M/s Haribhakti & Co.
Custodians Citi Bank / Stock Holding Corporation of India Limited / The Bank of Nova Scotia
Registrars N.A
Address UTI Towers, Gn Block, Bandra Kurla Complex, Bandra East, Mumbai 400051
Telephone Nos. 022-66786666
Fax Nos. 022-66786503/78
E-mail service@uti.co.in

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