UTI Mutual Fund IPO – Review, Allotment Status, Subscription, Price, Date & more

The UTI Mutual Fund IPO is one of the latest IPO from UTI Mutual Fund that is in compliance with the SEBI. Lets have a read here about the IPO release date, IPO offer price, IPO subscription, IPO allotment, grey market price and other details.Stock Broker Complaints


UTI Mutual Fund IPO Review & Ratings

UTI Mutual Fund IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.3/10
Industry Ranking8.2/10
Company Background8.1/10
Company Reputation8.0/10
Competitive Edge8.2/10
Financial Statements8.2/10
Popularity Index8.1/10
Promoters Reputation8.0/10
Retail Appetite8.1/10
Top Brokers Review8.2/10
Overall Ratings8.1/10
Star Ratings★★★★☆

 Summary of UTI Mutual Fund IPO

UTI Mutual Fund IPOThe UTI Mutual Fund announced that it would file papers for raising an IPO last year. The news now reveals that the company would be raising an IPO in the month of April 2018.

The company is managed by some of India’s top banks and financial institutions, so the decision to go for an IPO and the process of filing the Draft Red Herring Prospectus is not a single-handed decision. The price of the issue size is not known.

It will be announced as soon as the Draft Red Herring Prospectus is out. The stocks will be listed both on NSE and BSE. The company’s shares are most expected as it is one of the oldest mutual funds company in India and holds a good place in the market.


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    UTI Mutual Fund IPO date

    The IPO date has not been released yet.

     UTI Mutual Fund IPO Subscription

     SUBSCRIPTION
    DAY 1x
    DAY 2x
    DAY 3x
    DAY 4x
    DAY 5x

    The IPO issue data has not been announced yet. Once the IPO date has been issued, the subscription details will be updated regularly.


    UTI Mutual Fund IPO Allotment Status

    Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.

    UTI Mutual Fund IPO – Price Band

    The price band of the IPO will be known only after the offer price of the IPO issues is known. One can know about the price band of the IPO in about a week.

    The face value of the equity shares yet to be released by the company is Rs x each. The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated [.] times the face value of the Cap price of the Price band.

    UTI Mutual Fund IPO – Issue Size

    UTI Mutual Fund IPO issue size is yet to be released.

    UTI Mutual Fund IPO Equity Shares Offerings

    The equity shares will be listed after the issues get approval from the SEBI.


    UTI Mutual Fund-Company Overview

    The UTI is an asset management company that was earlier a part of the United Trust of India. The United Trust of India Mutual Fund is one of the oldest as well as the largest Mutual funds company in India.

    The company is spread across the length and breadth of the country to provide some of the best services to its customer base. The UTI Mutual Fund is also the pioneer of several mutual funds that were launched in India. The company is registered with the SEBI. ‘

    The company that is headquartered in Mumbai, India also has customers all over the world. The company helps the customers for trading wealth and creating wealth for future that encourages the saving in tax amounts. Retirement Solutions, Venture Funds, International Business, Portfolio Management are some of the prominent services that are rendered by this organization.

    The company though with the influx of a lot of private players, has still maintained to stay on the top of the list of most preferred mutual fund companies in India.


    UTI Mutual Fund – Financial Statement

    Have a look at the Financial Stability of the company before you invest in it.

    Asset of the Company

    Assets (in INR & Millions)

     201720162015201420132012
    Non-Current Assets13434.413962.39379.97331.38101.96298.7
    Current Assets6605.43476.96652.36577.94594.55089.2
    Total Assets20039.817439.216032.213909.212696.411387.9

    Revenue and PAT of the company

    Revenue and Profit (in millions)

     201720162015201420132012
    Total Revenue8531.87495.86526.15059.34930.44475.1
    Profit After Tax2908.12320.52012.61699.91489.01346.2

    Earnings per Equity Share

    Earnings per Equity Share (in INR)

     201720162015201420132012
    Basic229.4183.3160.5136.0119.110.7
    Diluted 229.4183.3160.5136.0119.110.7

    From the above statements, one could say that the Mutual Funds company has grown tremendously in the past few years.


    UTI Mutual Fund IPO Basis of Offer Price

    UTI Mutual Fund determines its own offer price. The shareholders of the company research the market for the demand for the products as the company has decided to sell off the equity shares. The company consults the BRLMs’ and decides on the basis of the qualitative and the quantitative factors of the company. The face value of the equity shares Rs x is yet to be released by the company. The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated [.] times the face value of the Cap price of the Price band.

    Qualitative Factors

    These are some of the qualitative factors that are the reasons why you should buy the issues of this company.

    • The key metric of the company is to operate the cash flow and ease the free cash flow.
    • The focus on growth is provided by the influx of high cash flows
    • Good exposure is provided to the small and midcaps
    • The quality is given more importance by high and sustainable RoCEs

    Quantitative Factors

    The Quantitative factors are used to compute the offer price of the company

    • Basic and Diluted Earnings Per Share (“EPS”)
    • Price/Earning (“P/E”) ratio in relation to Price Band of Rs [●] to Rs [●] per Equity Share
    • Return on Net Worth (“RoNW”)
    • Minimum Return on Increased Net Worth after Offer needed to maintain Pre-Offer EPS
    • Net Asset Value (“NAV”) per Equity Share
    • Comparison with Listed Industry Peers
    • The Offer Price will be [●] times of the face value of the Equity Shares

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     UTI Mutual Fund-Promoters

    The UTI Mutual Fund is promoted by India’s top banks and insurance companies.

    • State Bank of India
    • Life Insurance Corporation of India
    • Bank of Baroda
    • Punjab National Bank

    Interest of Promoters

    Interest of Promoters in the promotion of the company

    The promoters of the company have promoted the company and they have shown interest in their shareholding of the company in the form of equity shares.

    Interest of promoters in the property of the company

    The promoter is not interested in the property of the company, they are only the shareholders of the company who have invested in the firm.

    Interest of promoters in the intellectual property of the company

    The promoter does not have any interest in the intellectual property of the company.


    UTI Mutual Fund IPO Lead Managers

    The detail of the Lead Managers for the IPO that is yet to arise is not known. It will be known after the company releases the draft red herring prospectus.

    UTI Mutual Fund Registrar of the Offer

    The details of the Registrar of the Offer of the IPO are not known. It will be known after the company releases the draft red herring prospectus.

     


    UTI Mutual Fund IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany Repu-tationCompe-titive EdgeFinan-cial State-mentPopu-larity IndexPromo-ters Repu-tation
    Angel Broking8.5/108.5/108.5/108.5/108.5/10
    Sharekhan8.2/108.5/108.2/108.5/108.2/10
    Kotak Securities8.4/108.5/108.5/108.5/108.4/10
    ICICI Direct88.4/108.4/108.3/108.5/10.5/10
    IIFL8.5/108.2/108.4/108.0/108.5/10
    Edelweiss8.5/108.5/108.5/108.4/108.2/10
    Zerodha8.5/108.5/108.5/108.5/108.0/10
    5Paisa8.5/108.5/108.5/108.5/108.5/10
    Karvy88.5/108.4/108.2/108.5/108.5/10
    Motilal Oswal8.5/108.5/108.2/108.4/108.2/10

    UTI Mutual Fund IPO Grey Market Premium

     The UTI Mutual Fund IPO Grey Market Premium will be announced two weeks before the price of the issue is announced.


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