UTI AMC public offering is scheduled to open on September 29 and close on October 1. The price band is set at Rs 552- 554 per share.
UTI AMC is the second largest asset management in the country. The Mumbai based company is aiming to raise Rs 2,160 crore through sale of 30.75% of equity stake.
The public issue will consist sale of 3,89,87,081 equity shares by State Bank of India (SBI), Life Insurance Corporation of India (LIC), Punjab National Bank (PNB) , Bank of Baroda (BoB).
With the launch of UTI AMC, the market would see the tenth IPO this year after the recent successful listing of Happiest Minds Technologies and Route Mobile.
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UTI AMC