UTI AMC Share Value: UTI AMC shares listing at over 11% low cost | India Enterprise Information

NEW DELHI: Shares of UTI Asset Administration Firm on Monday listed with a reduction of over 11 per cent over its difficulty value of Rs 554 per share.
The inventory debuted at Rs 490.25, registering a decline of 11.50 per cent from the problem value on the BSE.
On the NSE, shares of the corporate opened at Rs 500, a reduction of 9.74 per cent.
The corporate’s market valuation was Rs 6,605.62 crore on the BSE.
The Rs 2,160-crore preliminary public provide (IPO) of the corporate was subscribed 2.31 occasions. Value vary for IPO was Rs 552-554 per share.
That is the third asset administration firm (AMC) to get listed on the inventory exchanges after Nippon Life India Asset Administration and HDFC AMC.
Kotak Mahindra Capital Firm, Axis Capital, Citigroup World Markets India, DSP Merrill Lynch, ICICI Securities, JM Monetary and SBI Capital Markets have been the managers to the provide.

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