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Sixth IPO of the month: Why you should subscribe UTI AMC, brokerages answer

Updated : September 29, 2020 08:58 AM IST

Most brokerages have a 'subscribe' rating on the issue given its decent returns and profit margins in the past few years
The company will be the third AMC to get listed on the stock exchanges after Nippon Life India Asset Management (NAM) and HDFC AMC
The IPO comprises the sale of 3.9 crore equity shares, or 30.75 percent, stake by existing shareholders.
Sixth IPO of the month: Why you should subscribe UTI AMC, brokerages answer

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