UTI AMC Rs 2,160 crore IPO crore preliminary public providing (IPO) will record on the BSE and NSE on Monday i.e. October 11, 2020 at 10:00 am. The general public problem obtained a modest response from investors; 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 buyers (NII) class.
The IPO comprised sale of three,89,87,081 fairness shares, or 30.75 per cent stake by present shareholders, together with the likes of State Financial institution of India, Life Insurance coverage Company, Financial institution of Baroda, Punjab Nationwide Financial institution and T Rowe Value Worldwide.
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 greater finish of the value band.
UTI Asset Administration Firm (AMC) would be the third AMC to be listed on the inventory exchanges, following Nippon Life India Asset Administration (NAM) and HDFC AMC.
SBI Capital Markets, Kotak Mahindra Capital, Citigroup World Markets, Axis Capital, ICICI Securities and JM Monetary are the e-book operating lead managers, and KFintech is the registrar for the supply.
Integrated in 2002, UTI AMC is the biggest asset administration firm in India by way of whole property beneath administration. It manages fairness, hybrid, liquid, earnings and cash market funds.