More inquiries for unlisted shares of UTI MF as IPO nod comes through

Listed peers have stood fast despite troubles in the mutual fund space

Dealers in unlisted shares have seen a rise in the number of calls for trades in UTI Asset Management Company. The asset manager has just received regulatory clearance to list on the bourses.

Interest in the stock has picked up in anticipation of the IPO but there is an air of caution because of the current market conditions, said dealers in the unlisted space. A Kolkata-based dealer said the share price has headed north. The hike in percentage terms, though, has been in single digits as the markets have been volatile. Firms have been cautious about proceeding with their IPOs due