Monday, December 23, 2024 | 12:14 AM ISTEN Hindi

Home / Markets / News / UTI AMC makes a tepid debut, lists at 11.5% discount to issue price

UTI AMC makes a tepid debut, lists at 11.5% discount to issue price

At 10:30 AM, shares of UTI AMC were trading at Rs 522.45 apiece on the BSE.

Premium

Stock brokers (Photo credit: Kamlesh Pednekar)

SI Reporter New Delhi

2 min read Last Updated : Oct 12 2020 | 10:42 AM IST

Shares of UTI Asset Management Company (UTI AMC) made a tepid debut at the bourses on Monday. The stock of the company listed at Rs 490.25 on the BSE, an 11.5 per cent discount to the issue price of Rs 554. On the National Stock Exchange (NSE), the stock's opening price stood at Rs 500, down 9.75 per cent against the issue price.

At 10:30 AM, shares of UTI AMC were trading at Rs 522.45 apiece on the BSE.

The Rs 2,160-crore initial public offer (IPO) of UTI Asset Management Company, which was opened for subscription from September 29 to October 1,

Topics : UTI AMC Buzzing stocks Markets IPOs

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in