UTI Asset Management Company IPO Review and Analysis

UTI Asset Management Company IPO Review and Analysis

UTI Asset Management Company IPO Review, Allotment Status, Subscription, Price, Date & More.

Let’s have a detailed review of the company and analytics of the UTI Asset Management Company IPO release date, IPO offer price, subscription, UTI Asset Management Company IPO allotment, grey market price and other details like the company’s background, its financial positions, and its other related things.

Summary of UTI Asset Management Company

UTI Asset Management Company Ltd. (UTI AMC) was incorporated on November 14, 2002 and commenced operations from February 1, 2003. UTI Asset Management Company has been promoted by four sponsors, namely, State Bank of India, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank and each of them hold 25% of the paid-up capital of UTI Asset Management Company. UTI Asset Management Company was converted from a private limited company to a limited company with effect from November 14, 2007.

On January 20, 2010 T.Rowe Price Group Inc. through its wholly owned subsidiary T.Rowe Price Global Investment Services Ltd. U.K.(TRP) acquired 26% stake in UTI AMC after obtaining all the requisite approvals from the Government of India, SEBI and the RBI. Directors representing TRP have been inducted on UTI AMC board. This ensures an effective amalgam of global technological expertise and the long experience with Indian capital markets.

UTI Asset Management Company is the investment manager to the schemes of UTI Mutual Fund. It also manages offshore funds and provides support to the Specified Undertaking of the Unit Trust of India.

It is the holding company for UTI Venture Funds Management Company which manages venture funds and UTI International Ltd., which markets offshore funds to overseas investors. Another subsidiary is UTI Retirement Solutions Ltd., which acts as the fund manager to pension fund schemes.

UTI Asset Management Company is a SEBI registered Portfolio Manager bearing registration number PM/INP000000860 and offers discretionary, non-discretionary and advisory services to high net worth clients, corporates and institutions.

UTI Asset Management Company has been managing/advising the portfolios of domestic/offshore funds and mandates since its inception in 2004. Some of the key offshore mandates/funds that the PMS Division has been advising/managing are:

1.      Shin sei India Fund, an equity fund based in Japan,

2.      Rainbow Fund, registered in Mauritius as a multi-class equity fund,

3.      India allocation of the United China-India Dynamic Growth Fund, based out of Singapore,

4.      Investment manager to the Al Madina India Fund, a Shariah compliant Fund registered in Kuwait.

Products and Services UTI Asset Management Company

1.      Asset Class

-        Equity Funds

-        Debt Funds

-        Liquid Funds

-        Hybrid Funds

2.      Exchange Trade Funds

3.      Solution Based Funds

-        Tax Saving Fund

-        Retirement Planning Funds

-        Child Career Planning Funds

-        Investment cum Insurance Funds

Strength of UTI Asset Management Company

The company’s biggest strength is its assets under management across different businesses which include domestic mutual fund, Portfolio Management Services, International Business, Retirement Solutions, Venture Funds, and Alternative Investment assets.

UTI Asset Management Company has contributed immensely to industrial and capital growth in the Indian market.

UTI Asset Management Company is India’s most trusted Wealth creators and always has the interest of its investors in its heart. UTI has completed 50 years as India’s leading Financial service institution and was the sole vehicle of capital market investment for Indian Citizens till the early 90’s.

Financial review of UTI Asset Management Company

The total income of the company is growing with a CAGR of 5.72% to reach approx. Rs. 1008.25 Cr. in FY 2019 as against 853.18 in FY 2017 and this year the company has also reduced its expenses by 3.9%.

Over the course of 3 years, the company’s EPS grew with a compound annual growth rate (CAGR) of 6.2 %.

This year the company has recorded a Net Profit of Rs. 348.36 Cr. as against Rs. 290.81 Cr. in FY 2017 recorded growth of approx. 19.7 %.

The net cash flow of the company is positive this year, approx. Rs. 6.46 Cr. as against Rs. -0.76 Cr. in FY 2017.

UTI Asset Management Company IPO Allotment Status, Subscription, Price, Date & More.

UTI Asset Management Company date has not been released yet. Once the IPO date has been issued, the subscription details will be updated regularly. The Allotment status will be announced about 3-4 weeks of the IPO issue date. 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.

Planify view over UTI Asset Management Company

-        The company has contributed immensely to industrial and capital growth in the Indian market.

-        Mr. Rahman CEO of Company has been with the UTI Group since 1998 and with UTI AMC since 2003 where he heads, the functions of Finance, Accounts, Taxation, Information Technology.

-        Overall Company’s Financials are quite good and we at Planify rate it 4 out of 5 for the excellent performance of its Schemes/plans.

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