Moneycontrol PRO
UPCOMING EVENT:Register Now! Special webinar on Benefits of investing in US market at 4 pm on 10th December, 2021
you are here: HomeNewsBusinessIPO

Aditya Birla Sun Life AMC makes muted market debut; shares decline 2% at close of trade

Aditya Birla Sun Life AMC, the investment manager of Aditya Birla Sun Life Mutual Fund, is a joint venture between Aditya Birla Group and Sun Life Financial Inc of Canada.

October 11, 2021 / 10:29 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Shares of Aditya Birla Sun Life AMC made a muted market debut on Monday and settled nearly 2 percent lower against its issue price of Rs 712. The stock listed at Rs 712 on the BSE. Later, it touched a high of Rs 721 and low of Rs 696 during the day. It settled at Rs 699.65, lower by 1.73 percent.

On the NSE, it debuted at Rs 715, a marginal gain of 0.42 percent from the issue price. The stock settled at Rs 698, registering a decline of 1.96 percent.

In traded volume terms, 6.80 lakh shares were traded at the BSE and over 78.76 lakh shares at the NSE during the day.

The initial public offer of Aditya Birla Sun Life AMC Limited received 5.25 times subscription earlier this month. The initial public offer was in a price range of Rs 695-712 per share.

Aditya Birla Sun Life AMC, the investment manager of Aditya Birla Sun Life Mutual Fund, is a joint venture between Aditya Birla Group and Sun Life Financial Inc of Canada.

Close
Asset management firms like Nippon Life India Asset Management, HDFC AMC, and UTI AMC are already listed on the stock exchanges.
PTI
first published: Oct 11, 2021 10:28 pm

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark