Mutual fund manager UTI Asset Management Co. Ltd (UTI AMC) is planning to launch its ₹ 3,000 crore initial public offering (IPO) in the week of 14 September, as the company’s existing shareholders look to tap the recovery in the IPO market. “The plan is to launch the deal in the week of 14 September, though final dates are yet to be frozen as there is a lot of supply hitting in the IPO market this month," said a person who is advising the company on its IPO plans, requesting anonymity as he is not authorized to speak with the media. The mutual fund manager’s plan to launch its share sale comes at a time when the IPO market is seeing a revival in activity. Several other companies are also planning to hit the IPO market this month. Two companies, Happiest Minds Technologies Ltd and Route Mobile Ltd, have already announced the dates for their initial share sale. The UTI AMC spokesperson declined to comment. The IPO also comes at a time when India's equity mutual fund schemes s...
Pre IPO | Private Equity | Unlisted Shares