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UTI AMC IPO opens today; should you subscribe? Here's what brokerages say

UTI AMC is the second-largest asset management company in India in terms of total assets under management (AUM).

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Bids can be made for a minimum of 27 equity shares and in multiples of 27 equity shares thereafter.

Swati Verma New Delhi
The initial public offer (IPO) of UTI Asset Management Company (AMC) is set to open today for subscription. The price band of the offer has been fixed at Rs 552 to Rs 554 per equity share. At the upper price band, the issue size stands at Rs 2,160 crore. The offer is proposed to close on October 1 (Thursday). On Monday, the company raised Rs 644.64 crore from anchor investors by allocating 11,636,124 shares at Rs 554 apiece.

UTI AMC is the second-largest asset management company in India in terms of total assets under management (AUM) and

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First Published: Sep 29 2020 | 8:06 AM IST

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