The mutual fund major has been after the government to go ahead for its plans of offloading 25% shareholding in line with market regulator SEBI’s guidelines. How do I apply to the UTI Asset Management Company IPO? They have over 10 million investor accounts under its 230 domestic schemes/plans as of September 30, 2017. In UTI AMC IPO review we have covered the financials, management analysis and other important features. public offer of 48,500,000 equity shares of rs. About UTI Asset Management Company Ltd IPO They are the seventh largest asset management company in India in terms of mutual fund QAAUM as of September 30, 2019, according to CRISIL. UTI Asset Management Company Ltd. filed for its initial public offering as it looks to capitalise on demand for shares of asset managers.The offer-for … UTI AMC IPO Launch Date, GMP, Share Price, Valuation, Price Band is not final yet. UTI Asset Management Co. Ltd, India’s oldest and the sixth largest asset management company is ready to launch an initial public offering (IPO) and will offer to sell 26-30% of its equity, three people with direct knowledge of the matter said, asking not to be identified. The IPO of 3,89,87,081 shares comprises of offer for sale (OFS) by 5 selling shareholders : State Bank of India – 1,04,59,949 equity shares [ ] per equity share (including a share premium of rs. SBI will cut its stake in UTI AMC through an offer for sale of up to 10.5 million shares, the state-run lender said in … UTI Asset Management Company (AMC) IPO November 26, 2019 October 7, 2019 by Team IPO Research India’s oldest Mutual fund house, UTI Asset Management company(AMC), there shareholders have decided to reduce their holding due to a regulatory requirement to general public through offer of sale. An initial public offering is expected in the next six months as talks with investment bankers are in the final phase, according to people aware of the development.The move comes after the Securities and Exchange … Stay tuned for UTI AMC IPO date, price band, and market lot details. Top lender State Bank of India on Wednesday approved the sale of an up to 8.25% stake in mutual fund UTI Asset Management Company (UTI AMC) through an initial public offering. UTI AMC IPO from UTI Mutual Fund, IPO Review, Dates, Price Bands, Market Lot, UTI AMC IPO Grey Market Price Details. With assets under […] UTI AMC is the largest asset management company in India in terms of Total Assets under management (AUM). The company is a professionally Managed company and doesnot have an identifiable promoter Main object of the IPO of UTI Asset Management Company Limited : The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and the sale of up to 38,987,081 Equity Shares by the Selling Shareholders in the Offer. UTI Mutual Fund is the oldest and one of the largest mutual funds in India. UTI Mutual Fund aka UTI Asset Management aka UTI AMC IPO date is not announced yet. About the Company: UTI Asset Management Company Ltd is the largest asset management company in India in terms of Total AUM and the seventh largest asset management company in India in terms of mutual fund QAAUM (Quarterly average AUM). UTI Asset Management Company has once again revived its plan to launch an initial public offering (IPO) and has sought approvals from the ministry of finance. UTI Asset Management Company (AMC), which has been planning an IPO for a long time, could become the first fund house to be listed in the country. UTI AMC IPO description – UTI AMC is the largest asset management company in India in terms of Total AUM and the seventh largest asset management company in India in terms of mutual fund QAAUM as of 30 September 2019.The company manages the domestic mutual funds of UTI Mutual Fund, provides portfolio management services (PMS) to institutional clients and high net worth …