Aditya Birla Sun Life AMC IPO: Date, Price, GMP, Review, Subscription status

Aditya Birla Sun Life AMC IPO: The Initial Public Offering will open from September 29. To know about the price of shares, GMP, Review, IPO Subscription status, Lot Size, Allotment Date, and more read the article below.

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Aditya Birla Sun Life AMC IPO: Aditya Birla Sun Life AMC is coming up with an Initial Public Offering (IPO) to raise Rs. 2770 crores, which opens on September 29 and closes on October 1. The price band for the offer has been fixed at Rs 695-712 per equity share.

Aditya Birla Sun Life AMC is among the four largest AMCs in India by quarterly average assets under management. The company managed a total AUM of Rs 2,93,642 crore as of June, 2021. The company is promoted by Aditya Birla Capital Ltd. (ABCL) and Sun Life (India) AMC Investments Inc.

Aditya Birla Sun Life AMC IPO Details

Aditya Birla Sun Life AMC IPO
Aditya Birla Sun Life AMC IPO

The public offer of up to 3,88,80,000 equity shares is an offer for sale by the promoters. Aditya Birla Capital will sell up to 28,50,880 equity shares and Sun Life (India) AMC Investments Inc will offload up to 3,60,29,120 equity shares through the offer for sale. The IPO includes a reservation of up to 19.44 lakh equity shares for the subscription by Aditya Birla Capital shareholders. The offer constitutes 13.50 percent of the post-offer paid-up equity share capital of the company.

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Kotak Mahindra Capital Company, BofA Securities, Citigroup Global Markets India, Axis Capital, HDFC Bank, ICICI Securities, IIFL Securities, JM Financial, Motilal Oswal Investment Advisors, SBI Capital Markets and YES Securities (India) are the merchant bankers to the issue. The registrar of the IPO is KFin Technologies Private Limited.

Aditya Birla Sun Life AMC IPO Details Table

👉 IPO Opening DateSep 29, 2021
👉 IPO Closing DateOct 1, 2021
👉 Issue TypeBook Built Issue IPO
👉 Face Value₹5 per equity share
👉 IPO Price₹695 to ₹712 per equity share
👉 Market Lot20 Shares
👉 Min Order Quantity20 Shares
👉 Listing AtBSE, NSE
👉 Issue Size38,880,000 Eq Shares of ₹5
(aggregating up to ₹2,768.26 Cr)
👉 Offer for Sale38,880,000 Eq Shares of ₹5
(aggregating up to ₹2,768.26 Cr)

About Aditya Birla Sunlife MF

Aditya Birla Sunlife MF, the fourth largest fund house, had an average asset under management of Rs 2.93 lakh crore as of June quarter. At present, it manages 118 schemes. The company managed 135 schemes comprising 35 equities, 93 debts, 2 liquid schemes, 5 ETFs, and 6 domestics FoFs as of December 31, 2020. The company’s Monthly average assets under management (MAAUM) from institutional investors was Rs 1,412.43 billion as of December 31, 2020, which was the fourth-largest among its peers, according to CRISIL.

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

Since its inception in 1994, the fund house has established a geographically diversified Pan-India distribution presence covering 284 locations spread over 27 states and six union territories.

Aditya Birla Sun Life AMC IPO Date

Aditya Birla Sun Life AMC public issue will open for subscription on September 29 and will close on October 1. The anchor book, if any, will open for one day on September 28.

Aditya Birla Sun Life AMC IPO Price

Aditya Birla Sun Life AMC IPO price band for the offer has been fixed at Rs 695-712 per equity share.

Aditya Birla Sun Life AMC IPO Lot Size

Aditya Birla Sun Life AMC IPO Lot Size investors can bid for a minimum of 20 equity worth Rs 14,240 and one can bid for maximum 14 lots that is 280 shares worth Rs 199,360. Half of the total offer size is reserved for qualified institutional buyers, 15 percent for non-institutional investors, and the remaining 35 percent for retail investors.

ApplicationLotsSharesAmount (Cut-off)
Minimum120₹14,240
Maximum14280₹199,360

Aditya Birla Sun Life AMC IPO Size

Aditya Birla Sun Life AMC’s ₹ 2,768.25 crore IPO is an offer for sale of up to 28.51 lakh shares by Aditya Birla Capital and up to 3.6 crore shares by Sun Life AMC.

Aditya Birla Sun Life AMC IPO GMP

Ahead of the IPO, shares of Aditya Birla Sun Life AMC are trading at a premium of Rs 30-40 per share in the unlisted space. This has come down from a premium of Rs 50 per share at the end of last week.

Aditya Birla Sun Life AMC IPO GMP equity shares are trading at Rs 757 and 772 in grey markets, a premium of Rs 45 and Rs 60 or 6.3 percent and 8.4 percent over the upper price band of Rs 712, the IPO Watch and IPO Central data showed.

Aditya Birla Sun Life AMC IPO Review

The initial public offering (IPO) of Aditya Birla Sun Life AMC, which will open for subscription on Wednesday, can be a good opportunity to invest in a growing financial services company, said analysts.

“Considering the TTM adjusted EPS of Rs 20.27 on post-issue basis, the company is going to list at a P/E of 35.13 with a market cap of Rs 20,505 crore while its peers namely HDFC AMC and Nippon Life are trading at a P/E of 49.99 and 38.61 respectively,” said analysts at Marwadi Financial Services.

Risks associated with the company include an increased competition that may lead to a decrease in market share along with underperformance of investment portfolio that could impact AUM. “Post issue, market capitalisation at upper band will be | 20505 crore. At | 712, the stock is available at ~7.4% Q1FY22 QAAUM and at ~33.1x Q1FY22 PAT (annualised basis),” said domestic brokerage firm ICICI Direct in a note.

Aditya Birla Sun Life AMC IPO Subscription status

Coming soon

Aditya Birla Sun Life AMC IPO Allotment Date

Aditya Birla Sun Life AMC IPO basis of allotment of IPO will happen on October 6, the initiation of refunds will happen on October 7 and the credit shares to Demat account will happen on October 8. The tentative date for the listing of the company on the bourses is October 11, 2021.

Those who want to bid can check Aditya Birla Sun Life AMC IPO allotment subscription status on: https://ris.kfintech.com/ipostatus/ipos.aspx

It is the online portal of KFin Technologies, the registrar to the IPO. The registrar to an issue is a qualified SEBI-registered entity, which electronically processes all applications and carries out the allotment process.

Aditya Birla Sun Life AMC IPO Tentative Timetable

Aditya Birla Sun Life AMC IPO open date is Sep 29, 2021, and the close date is Oct 1, 2021. The issue may list on Oct 11, 2021.

IPO Open DateSep 29, 2021
IPO Close DateOct 1, 2021
Basis of Allotment DateOct 6, 2021
Initiation of RefundsOct 7, 2021
A credit of Shares to Demat AccountOct 8, 2021
IPO Listing DateOct 11, 2021

Listed Peer Group

Aditya Birla Sun Life AMC is a joint venture between the Aditya Birla Group and Sun Life Financial Inc. of Canada. Asset management companies like Nippon Life India Asset Management, HDFC AMC and UTI AMC are already listed on the stock exchanges.

Aditya Birla Sun Life AMC Company Financial Report

  ₹ in Crores
AssetsRevenueExpensePAT
2019₹1498₹1407₹761₹447
2020₹1572₹1235₹574₹494
2021₹1985₹1206₹510₹526

Aditya Birla Sun Life AMC IPO FAQs

When Aditya Birla Sun Life AMC IPO will open?

The IPO is to open on 29 September 2021 for QIB, NII, and Retail Investors.

How to Apply the Aditya Birla Sun Life AMC IPO?

You can apply Aditya Birla Sun Life AMC IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Aditya Birla Sun Life AMC IPO Price Band?

Aditya Birla Sun Life AMC IPO Price Band is ₹695 to ₹712 per equity share.

What is Aditya Birla Sun Life AMC IPO Allotment Date?

Aditya Birla Sun Life AMC IPO allotment date is 06 October 2021.

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