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

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,