InvestorQ : How much shares are BOB, SBI and PNB offering in the UTI AMC IPO?
Aashna Tripathi made post

How much shares are BOB, SBI and PNB offering in the UTI AMC IPO?

image
Aditi Sharma answered.
1 month ago
Follow

The IPO of UTI AMC will hit the markets at a price band of Rs.552-554 per share. It will be an offer for sale aiming to raise Rs.2160 crore. The IPO will be open from Sep 29 to October 01. Large PSU banks and LIC with a MF subsidiary have been instructed by SEBI to cut their stake in UTI to avoid conflict of interest.

SBI, BOB and LIC will divest 8.25% stake each while T Rowe Price International and PNB will sell 3% each through the issue. This will take the total stake sale to 30.75% of the total outstanding equity of UTI AMC. SBI, BOB and LIC will be left with 10% stake each.

4 Views