InvestorQ : When is the UTI AMC IPO expected to hit the market and what are the pricing details?
Riya Dwivedi made post

When is the UTI AMC IPO expected to hit the market and what are the pricing details?

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diksha shah answered.
4 months ago
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As of now, the UTI AMC has just secured SEBI approval for its Rs.3000 crore IPO. The IPO will constitute the sale of 3.89 crore shares at a price that will be decided through the process of book building. The lead managers have been appointed for the issue and they will sit with the top management of UTI AMC and work out pricing and timing details.

Currently, SBI, LIC and Bank of Baroda will be offering 1.04 crore shares each in the OFS while PNB and T Rowe Price will offer another 0.38 crore shares each. That adds up to the total issue size of 3.89 crore shares. The entire issue will be by way of OFS and hence there will be no equity dilution because of the issue.

At the current juncture, SBI, PNB, LIC and BOB own 18.5% stake in UTI AMC while T Rowe Price owns the balance 26%. The issue of UTI AMC has been doing the rounds after HDFC AMC managed extremely attractive valuations in the market. UTI AMC is relatively smaller in size but still has an AUM in excess of Rs.2 trillion.

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