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.


UTI Mutual Fund IPO Review & Ratings

UTI Mutual Fund IPO Ratings & Review
Criteria Ratings
Industry Sentiments 8.3/10
Industry Ranking 8.2/10
Company Background 8.1/10
Company Reputation 8.0/10
Competitive Edge 8.2/10
Financial Statements 8.2/10
Popularity Index 8.1/10
Promoters Reputation 8.0/10
Retail Appetite 8.1/10
Top Brokers Review 8.2/10
Overall Ratings 8.1/10
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.


Subscribe to UTI Mutual Fund IPO – Fill up the Form Below

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UTI Mutual Fund IPO date

The IPO date has not been released yet.

 UTI Mutual Fund IPO Subscription

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

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)

  2017 2016 2015 2014 2013 2012
Non-Current Assets 13434.4 13962.3 9379.9 7331.3 8101.9 6298.7
Current Assets 6605.4 3476.9 6652.3 6577.9 4594.5 5089.2
Total Assets 20039.8 17439.2 16032.2 13909.2 12696.4 11387.9

Revenue and PAT of the company

Revenue and Profit (in millions)

  2017 2016 2015 2014 2013 2012
Total Revenue 8531.8 7495.8 6526.1 5059.3 4930.4 4475.1
Profit After Tax 2908.1 2320.5 2012.6 1699.9 1489.0 1346.2

Earnings per Equity Share

Earnings per Equity Share (in INR)

  2017 2016 2015 2014 2013 2012
Basic 229.4 183.3 160.5 136.0 119.1 10.7
Diluted 229.4 183.3 160.5 136.0 119.1 10.7

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 Review Company Repu-tation Compe-titive Edge Finan-cial State-ment Popu-larity Index Promo-ters Repu-tation
Angel Broking 8.5/10 8.5/10 8.5/10 8.5/10 8.5/10
Sharekhan 8.2/10 8.5/10 8.2/10 8.5/10 8.2/10
Kotak Securities 8.4/10 8.5/10 8.5/10 8.5/10 8.4/10
ICICI Direct8 8.4/10 8.4/10 8.3/10 8.5/10 .5/10
IIFL 8.5/10 8.2/10 8.4/10 8.0/10 8.5/10
Edelweiss 8.5/10 8.5/10 8.5/10 8.4/10 8.2/10
Zerodha 8.5/10 8.5/10 8.5/10 8.5/10 8.0/10
5Paisa 8.5/10 8.5/10 8.5/10 8.5/10 8.5/10
Karvy8 8.5/10 8.4/10 8.2/10 8.5/10 8.5/10
Motilal Oswal 8.5/10 8.5/10 8.2/10 8.4/10 8.2/10

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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