Aditya Birla Sun Life AMC Ltd IPO Details, GMP, Subscription and Issue Price

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Aditya Birla Sun Life AMC Ltd IPO (Aditya Birla Sun Life AMC IPO) Detail

Details of the Aditya Birla Sun Life AMC Ltd IPO:

  • Issue Amount: Upto ₹2,786.26 Cr (100% Offer For Sale)
  • Face Value : ₹5 per share
  • Price Band : ₹695 to ₹712
  • Lot Size : 20 shares

Important dates for Aditya Birla Sun Life AMC Ltd IPO:

  • IPO Open: Wednesday, September 29, 2021
  • IPO Close: Friday, October 01, 2021
  • Finalization of basis of allotment: 06 October 2021
  • Refunds/Unblocking ASBA fund: 07 October 2021
  • Credit of equity shares to DP account: 08 October 2021
  • Trading commences: 11 October 2021

Aditya Birla Sun Life AMC Ltd IPO Subscription on 1st October 2021:

The Aditya Birla Sun Life AMC Ltd IPO is subscribed 5.21 times on 1st October 2021 16:00 pm
  • Qualified Institutional Buyers (QIB)  - 10.36 times Subscribed
  • Retail Individual Investors (RII)        - 3.16 times Subscribed
  • Non Institutional investors (NII)        - 4.39 times Subscribed
  • Others                                                 - 1.62 times Subscribed

Company background:

Incorporated in 1994, Aditya Birla Sun Life AMC is set up as a joint venture between ABCL and Sun Life AMC. The company managed a total AUM of ₹2,736.43 Bn under mutual fund (excluding domestic FoFs), portfolio management services, offshore and real estate offerings, as of December 31, 2020. The company managed 135 schemes comprising 35 equity, 93 debt, 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 ₹1,412.43 Bn as of December 31, 2020, which was the fourth-largest among its peers, according to CRISIL.

Financial Details of Aditya Birla Sun Life AMC Ltd IPO:

Aditya Birla Sun Life AMC Ltd IPO

Purpose of Aditya Birla Sun Life AMC Ltd IPO:

  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges
  • Carry out the Offer for Sale of up to 38,880,000 Equity Shares by the Selling Shareholders.

Grey Market Premium of Aditya Birla Sun Life AMC Ltd IPO on 1st Oct 21:

On 01st October 2021, Aditya Birla Sun Life AMC Ltd IPO share's premium is around Rs. 20 in the grey market. which is around 2.9% to its Issue price of Rs. 712/-.

Disclaimer : This article is for educational purpose only and does not provide any buy or sell recommendation
Location: Delhi, India

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