Home / Markets / News / UTI AMC IPO to open on September 29, price band fixed at Rs 552 - Rs 554

UTI AMC IPO to open on September 29, price band fixed at Rs 552 - Rs 554

Bids can be made for a minimum of 27 equity shares and in multiples of 27 equity shares thereafter.

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UTI AMC is the second largest asset management company in India in terms of total assets under management (AUM).

2 min read Last Updated : Sep 24 2020 | 3:07 PM IST

The much-awaited initial public offer (IPO) of UTI Asset Management Company, one of the leading asset management companies (AMCs) in India, is set to open on September 29. The offer is proposed to close on October 1, 2020. The price band of the offer has been fixed at Rs 552 to Rs 554 per equity share.

"The public offer consists of 38,987,081 equity shares by the "Selling Shareholders" which comprises an offer for sale (OFS) of up to 10,459,949 shares by State Bank of India (SBI), up to 10,459,949 equity shares by Life Insurance Corporation of India (LIC), up to

Topics : IPO UTI AMC Markets

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