UTI AMC, the country's second-largest asset management company in terms of total AUM, is bringing its Initial Public Offering this week. The company is also the 8th largest asset management company in terms of Mutual Funds Average Quarterly AUM (QAAUM).

The face value of UTI AMC shares will be Rs 10 per share. This IPO will open for subscription on September 29, which will be for the next 3. Analysts believe that investors will show tremendous interest in this IPO. UTI AMC will issue Rs 3.8 crore shares with a price band of Rs 552-554.

What is lot size and listing date?

The bid size or lot size for UTI AMC will be 27 equity shares. Investors can invest in this multiple. Its allocation is expected to be final by 7 October 2020. After this, the shares of UTI AMC will be listed on October 12.