Geojit: UTI AMC IPO Price Justifies Competition Pressure

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Geojit Research Report.UTI Asset Management Company Ltd. is a professionally managed company catering to diverse group of individuals and institutional investors, banks, trusts and NRIs through a wide variety of fund management services.The company manages the domestic mutual funds of UTI mutual fund, provides Portfolio Management Services (PMS) to institutional clients and high networth individuals (HNIs) and manages retirement funds like National Pension Scheme (NPS).The AMC also manages offshore funds and alternative investment funds.At the upper price band, total issue size stands at Rs. 2,159.8 crore.The issue consists of only offer for sale (OFS) from State Bank of India, Life Insurance Corporation of India, Bank of Baroda, Punjab National Bank and T. Rowe Price International Ltd. and the company will not receive any proceeds from this offer.The prime purpose of the issue is to achieve the benefits of listing shares on stock exchanges..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Geojit: UTI AMC IPO Price Justifies Competition Pressure

The prime purpose of the UTI AMC IPO is to achieve the benefits of listing shares on the stock exchanges, Geojit Research says.

Choose a plan