 "Aditya Birla Sun Life")
Shares of Aditya Birla Sun Life Mutual Fund ended below their issue price during their stock market debut on Monday. The stock closed at Rs 699.6, down Rs 12.4 over issue price of Rs 712 per share. The stock touched a high of Rs 723 and a low of Rs 695 with shares worth Rs 600 crore changing hands. The disappointing debut follows muted response to Aditya Birla MF’s IPO. The issue was subscribed just 5.2 times thanks to bids from institutional investors. At the last close, the company was valued at Rs 20,150 crore.
Aditya Birla MF’s IPO was
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