UTI AMC unveils IPO: Issue to open on Sept 29, price band fixed

The company will offer up to 3,89,87,081 shares through an offer for sale which includes a reservation of up to 2 lakh shares for eligible employees.

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Axis Capital, BofA Securities, Citi, ICICI Securities, JM Financial, Kotak Investment Banking and SBI Capital Markets are the book running lead managers to the issue.
NEW DELHI: UTI Asset Management Company (AMC) on Thursday said its initial public offering (IPO) will open for subscription on September 29, and the price band for the same has been fixed at Rs 552-554 per equity share.

The issue will close on October 1.

The company will offer up to 3,89,87,081 shares through an offer for sale which includes a reservation of up to 2 lakh shares for eligible employees.


Life Insurance Corporation of India (LIC), State Bank of India and Bank of Baroda will sell 1.04 crore equity shares each, while Punjab National Bank and T Rowe will offload 38.03 lakh equity shares each through offer for sale.

Axis Capital, BofA Securities, Citi, ICICI Securities, JM Financial, Kotak Investment Banking and SBI Capital Markets are the book running lead managers to the issue.

Shares of UTI AMC are proposed to be listed on BSE and NSE.
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