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UTI AMC Initial Public Offer: The provide was in worth band of Rs 552-554 per share.
UTI AMC Rs 2,160 crore IPO crore preliminary public providing (IPO) will checklist on the BSE and NSE on Monday i.e. October 11, 2020 at 10:00 am. The public subject acquired a modest response from traders; it was subscribed 2.31 instances, together with 2.32 instances within the retail class, 3.34 instances in certified institutional consumers (QIB) class and 0.93 instances within the non-institutional traders (NII) class.
The IPO comprised sale of three,89,87,081 fairness shares, or 30.75 per cent stake by current shareholders, together with the likes of State Bank of India, Life Insurance Corporation, Bank of Baroda, Punjab National Bank and T Rowe Price International.
The preliminary public providing was open for 3 buying and selling days, from September 29 to October 1, 2020, within the worth band of Rs 552-554 per share. The IPO will fetch Rs 2,160 crore, on the larger finish of the worth band.
UTI Asset Management Company (AMC) would be the third AMC to be listed on the inventory exchanges, following Nippon Life India Asset Management (NAM) and HDFC AMC.
SBI Capital Markets, Kotak Mahindra Capital, Citigroup Global Markets, Axis Capital, ICICI Securities and JM Financial are the e book working lead managers, and KFintech is the registrar for the provide.
Incorporated in 2002, UTI AMC is the most important asset administration firm in India when it comes to whole property underneath administration. It manages fairness, hybrid, liquid, revenue and cash market funds.
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