UTI Asset Management Company IPO Subscription Period From 29th September to first October 2020:
To start with, UTI Asset Management Company Limited was encapsulated in 2020 and situated in Mumbai. It is in the matter of dealing with the homegrown common reserve of UTI Mutual Fund. The IPO membership period will begin on 29th September and it will close on first October 2020.
Initial public offering Details:
Offer period: 29th September to first October 2020.
Initial public offering Type: Book Built Issue IPO.
Initial public offering Size: 3,89,87,081 value portions of Rs. 10 (totaling up to Rs. 2,159.88 Cr).
Face Value: Rs. 10 for each value share.
Initial public offering Price: Rs. 552 to Rs. 554.
Market Lot: 27 shares.
Least Order Quantity: 27 shares.
Posting At: BSE, NSE.
The organization presented a 'Book Built Issue' type first sale of stock with the assumed worth of Rs. 10 for each value share. Essentially, the value band of the issue from Rs. 552 to Rs. 554 for each value share.
The market part and the base request amount is 27 for every each. In the event that any speculator ought to put resources into this organization with a base venture measure of Rs. 14,958 (1 parcel = 27 offers). Additionally, the most extreme venture measure of Rs. 1,94,454 (13 parts = 351 offers).
UTI Asset Management Company Limited Promoter Holdings:
The organization doesn't have a distinguished advertiser regarding SEBI for this IPO.
Pre Issue Share Holding: 98.96%.
The target of the organization, it intends to use the IPO raised the sum to accomplish the advantages of posting the value shares and the offer of up to 3,89,87,081 value shares by the selling investors. The organization offers will be list on both the BSE and NSE.
The UTI Asset Management Company will issue the allocation request on seventh October 2020. In the event that on the off chance that offers are not distributed to any financial specialist the offer sum will be discounted on eighth October. Its offers will list on twelfth October 2020 on both the BSE and NSE.
Initial public offering Registrar:
KFintech Private Limited,
Selenium Building, Financial District,
Ranagareddi, Telangana-500 032.
Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.