India: UTI AMC IPO lags peers on growth, profitability and also on valuation

India: UTI AMC IPO lags peers on growth, profitability and also on valuation

The street’s enthusiasm for UTI Asset Management Co.’s initial public offering (IPO) could be mixed. IPOs are doing well with record subscriptions driven by high participation. However, the current market volatility has been a spoke in the wheel that could cause investors to focus on some of the imperfections in the company’s performance.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter