Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of IPO & Placements for Aequitas Research. At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%. 
Prior to Aequitas. I was heading Content Strategy for Smartkarma, along with covering IPOs & Placement. In an earlier life I have covered ASEAN property and the banking space in India.

Head of Research, IPOs & Placements

Computer Age Management IPO Trading - One of the Highest Subscriptions Driven by Insti and HNIs

UTI Asset Management IPO Trading - Tepid Response, as Expected

UTI Asset Management Company Pre-IPO - Well past Its Remote Glory Days

HDFC AMC IPO - Already a Leader in Profitability, On the Verge of Becoming One in Size as Well

HDFC Asset Management Pre-IPO - Trying Hard to Be Different

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

UTI Asset Management / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/uti-asset-management-co" target="_blank" data-smartkarma-citation="entities:28810:1" rel="noopener">UTI Asset Management (UTIAMC IN)</a>’s (UTIAMC) shareholders aim to raise around US$300m by reducing their stake via the company’s Indian IPO. 
UTIAMC is the second largest asset management company (AMC) in India by total AUM and the eight largest by mutual fund quarterly average AUM (QAAUM), as of Jun 2020. 
Unit Trust of India (UTI) started as a joint initiative of the Government of India and the RBI in 1964. It launched its first scheme in 1964. In Feb 2003, following the repeal of the UTI Act, 1963, UTI was split into two separate entities. One was the Specified Undertaking of the UTI and the other was the UTI AMC. UTI AMC was sponsored by a clutch of public sector entities namely, SBI, PNB, BoB and LIC. In 2010, T Rowe Price acquired a 26% stake in the company. 
Despite its long history and strong shareholding, its financial performance has been lacklustre with earnings lagging AUM growth. AUM growth in turn has consistently lagged the industry growth resulting in UTI AMC losing market share. 
The much delayed IPO is being undertaken now for the domestic shareholders to comply with the orders of the regulator, SEBI. 
Our previous coverage of the IPO:
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<a href="https://www.smartkarma.com/insights/uti-asset-management-company-pre-ipo-well-past-its-remote-glory-days" target="_blank" rel="noopener">UTI Asset Management Pre-IPO - Well passed its remote glory days</a>
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UTI Asset Management (UTIAMC IN)’s (UTIAMC) shareholders aim to raise around US$300m by reducing their stake via the company’s Indian IPO. 
UTIAMC is the second largest asset management company (AMC) in India by total AUM and the eight largest by mutual fund quarterly average AUM (QAAUM), as of Jun 2020. 
Unit Trust of India (UTI) started as a joint initiative of the Government of India and the RBI in 1964. It launched its first scheme in 1964. In Feb 2003, following the repeal of the UTI Act, 1963, UTI was split into two separate entities. One was the Specified Undertaking of the UTI and the other was the UTI AMC. UTI AMC was sponsored by a clutch of public sector entities namely, SBI, PNB, BoB and LIC. In 2010, T Rowe Price acquired a 26% stake in the company. 
Despite its long history and strong shareholding, its financial performance has been lacklustre with earnings lagging AUM growth. AUM growth in turn has consistently lagged the industry growth resulting in UTI AMC losing market share. 
The much delayed IPO is being undertaken now for the domestic shareholders to comply with the orders of the regulator, SEBI. 
Our previous coverage of the IPO:


UTI Asset Management Pre-IPO - Well passed its remote glory days



Nippon Life India Asset Management (NAM IN)

HDFC Asset Management Co Ltd (HDFCAMC IN)

UTI Asset Management IPO - Probably Not Cheap Enough