Aditya Birla Sun Life AMC Ltd shares debut flat; Check listing price, investors response and more

Aditya Birla Sun Life AMC IPO listing: Aditya Birla Sun Life AMC stock made a flat stock market debut, as the shares were listed at Rs 712 per share on BSE and Rs 715 on NSE on Monday against its issue prices of Rs 695-712 per share. The initial public offer (IPO) of Aditya Birla Sun Life AMC received a muted response from investors in line with Zee Business Managing Editor Anil Singhvi's expectations who had predicted a mute opening for this share.

See Zee Business Live TV Streaming Below:

Aditya Birla Sun Life Asset Management IPO, which opened on September 29, was subscribed 5.25 times on the closing day of the subscription.  The Rs 2,768.25-crore initial share sale received bids for 14,59,97,120 shares against 2,77,99,200 shares on offer, as per NSE consolidated bid details.    

Earlier the category meant for Qualified Institutional Buyers (QIBs) received 10.36 times subscription, that for non-institutional investors 4.39 times and Retail Individual Investors (RIIs) 3.24 times.  

Talking about this issue, Zee Business Managing Editor Anil Singhvi has recommended to apply for those with long-term view. He said short-term investors could give a skip to the issue. " It is highly unlikely that this issue would offer listing gains," said the Market Guru. 

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