News From Press Aditya Birla AMC shares may have a muted debut with marginal gains, say experts

Aditya Birla AMC shares may have a muted debut with marginal gains, say experts

Source: Mint Oct 11, 2021

Aditya Birla AMC IPO listing: Shares of Aditya Birla Sun Life AMC is going to make its debut at Indian bourses today. Despite strong financials, the public issue worth ₹2,768 crore was subscribed 5.25 times only. According to stock market experts, this tepid response was mainly due to the 100 OFS (Offer for Sale) and high valuation of the IPO. They said that Aditya Birla AMC shares may have a muted debut with marginal gains.

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