UTI Mutual Fund and Mazagon Dock IPO Price Band; Here’s the latest news update from public IPO issues in India.
Investors will now monitor both these IPOs. Cam’s IPO closed 47 times and Chemcon received 149 times response.
- This will be the last IPO of this month. CAMS and CHEMCON closed yesterday. Angel Broking’s IPO will be closed today.
- Both UTI and Mazagaon Posts together will raise about Rs 3,400 crore.
UTI Mutual Fund has fixed a price of Rs 552 to 554 per share for the IPO. While Mazgaon Dak has fixed the price from 135 to 145 rupees. The IPOs of the two companies will open from September 29 and close on October 1. UTI will raise about three thousand crore rupees from this issue, while Mazgaon Post will raise 444 crore rupees.
All shareholders will sell a small stake in UTI
Both companies gave this information on Thursday. UTI is the eighth largest mutual fund company in the country. It will issue 3.89 crore shares. In this, its shareholders SBI, PNB, LIC, Bank of Baroda and TRP will sell shares. Two lakh shares will be reserved for employees. At least 27 equity shares can be applied for UTI. After that it has to apply in multiple. These shares will be listed on BSE and NSE.
He is the lead manager
The lead managers of UTI’s IPO are Kotak Mahindra Capital, Axis Capital, Citigroup Global Markets, DSP Merrill Lynch, ICICI Securities, JM Financial and SBI Capital Markets. Mazagaon Post will issue more than 3 crore equity shares. In both the IPOs, there will be a 35–35 per cent reserve for retail.
8 thousand crore companies raised through IPO in this month
Let us know that these two are the last IPOs of this month. September month has been better in terms of IPO. In this, companies have raised more than 8 thousand crore rupees through IPOs. Investors have benefited from the listing so far. On Wednesday, the IPOs of CAMS and CAMCON Specialty have closed, while the Angel Broking IPO will be closed on Thursday.
In such a situation, investors will now monitor both these IPOs. The IPO of CAMS has received a response of 47 times and Chemcon 149 times. It will list both of these in the stock market next month.