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UTI AMC Files DRHP With SEBI For Over Rs. 3000 Crore IPO

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UTI AMC has filed draft red herring prospectus (DRHP) with the market watchdog SEBI for its Initial public offer (IPO). Through the public issue the largest AMC in the country in terms of total assets under management plans to mop up over Rs. 3000 crore.

UTI AMC Files DRHP With SEBI For Over Rs. 3000 Crore IPO
 

As per the DRHP, the IPO of 3,89,87,081 shares, includes OFS of up to 1,04,59,949 shares by SBI, up to 1,04,59,949 shares by LIC, up to 1,04,59,949 shares by BOB, up to 3,803,617 shares by PNB and up to 3,803,617 shares by T Rowe Price International. T Rowe price International, a US-based company holds 26% stake in the AMC.

As of September 30, 2019, UTI AMC commanded the biggest share of monthly average AUM.

Kotak Mahindra Capital, Axis Capital, CitiBank, DSP Merrill Lynch, ICICI Securities, JM Financial and SBI Capital Markets are the book running lead managers to the offer.

The shares of the company are proposed to be listed on both the BSE and the NSE.

GoodReturns.in

Read more about: uti amc sebi ipo drhp
Story first published: Friday, December 20, 2019, 10:57 [IST]
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