For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

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

|

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]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more