Market 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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.