Aditya Birla Sun Life AMC has debuted flat on the BSE from its issue price of Rs 712.
The scrip is currently trading at Rs 707.45, down by 4.55 points or 0.63% from its issue price. It has touched a high and low of Rs 721.00 and Rs 700.00 respectively. So far 3.47 lakh shares were traded on the counter.
The offering which was opened for subscription between September 29, 2021 and October 1, 2021, received low response from investors when it had open for open subscription. The issue was overall subscribed 5.25 times during the offer period. The portion for qualified institutional buyers was subscribed 10.4 times. The portion for high networth investors was subscribed 4.4 times and retail quota 3.2 times. The issue price was fixed at Rs 712 per share i.e. at upper end of price band of Rs 695-712 apiece.
Established in 1994, Aditya Birla Sun Life AMC is one of the leading Fund Houses in India based on domestic average AUM. ABSLMF has an impressive mix of reach, a wide range of product offerings across equity, debt, balanced as well as structured asset classes, sound investment performance and over 7 million investor folios.
