UTI AMC to come up with an IPO soon- 04.12.2019

As per the news published in CNBC-TV18 today, the UTI AMC board has approved selling off 8.25% stakes in the upcoming IPO.

a) UTI AMC will offer for sale up to 1,04,59,949 equity shares to the public.

b) As per the report, SBI is looking forward to divesting its stakes in the IPO. It currently holds 18.24% stakes in UTI AMC along with LIC, Bank of Baroda and PNB, other stakeholders, in equal proportion.

c) T-ROWE Price is the biggest shareholder in the UTI AMC with 26% stakes.

About UTI AMC

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 30.07.2019, the company is currently having an AUM of 1,59,764 Crore.

Financials:

PAT has grown from 232 Crores in FY15-16 to 492 Crores in FY18-19.

Valuation of AMCs:

Company  Price Mcap(cr) AUM(cr) Mcap
/AUM
Nippon 350 21486 209484 10%
HDFC 2610 68057 375560 18%
UTI 960 12171 159764 7%

Conclusion:

UTI AMC at present is the cheapest among the listed AMCs.