Aditya Birla Sun Life AMC IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 15, 2022Let’s have a detailed review of the company and analytics of the Aditya Birla Sun Life AMC IPO release date, IPO offer price, subscription, Aditya Birla Sun Life AMC Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 5 |
| Price Band | Rs 695 to Rs 712 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 20 Shares |
| Listing Date | Oct 11, 2021 |
| Offer for Sale | Rs 27,682.60 Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs 27,682.60 Million |
| Tick Size | 1 |
Aditya Birla Sun Life AMC IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Aditya Birla Sun Life AMC IPO – Summary
They are ranked as the largest non-bank affiliated AMC in India by QAAUM since March 31, 2018, and among the four largest AMCs in India by QAAUM since September 30, 2011, according to CRISIL. Managed a total AUM of ₹2,736.43 billion under their suite of mutual fund (excluding their domestic FoFs), portfolio management services, offshore and real estate offerings, as of December 31, 2020.
They believe they have achieved this leadership position through their focus on consistent investment performance, extensive distribution network, brand, experienced management team, and superior customer service.
The Promoter of this company is ADITYA BIRLA CAPITAL LIMITED AND SUN LIFE (INDIA) AMC INVESTMENTS INC. The lead manager to the issue is Kotak Mahindra Capital Company Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, HDFC Bank Limited, ICICI Securities Limited, IIFL Securities Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited and YES Securities (India) Limited and the Registrar to this issue is Kfin Technologies Private Limited.
Aditya Birla Sun Life AMC IPO Date
The opening and the closing date of the IPO of Aditya Birla Sun Life AMC Limited are Sep 29, 2021, and Oct 1, 2021 respectively.
Check out Related IPO Links:
| Aditya Birla Sun Life AMC GMP |
| Allotment – Aditya Birla Sun Life AMC IPO |
Aditya Birla Sun Life AMC IPO Subscription
| Day / Date | QIB | NII | RII | Others | Total Subscription |
| 1st Day – 29 Sep | 0.00x | 0.14x | 1.09x | 0.31x | 0.56x |
| 2nd Day – 30 Sep | 0.06x | 0.40x | 2.00x | 0.71x | 1.08x |
| 3rd Day – 1 Oct | 10.36x | 4.39x | 3.24x | 1.68x | 5.25x |
| Shares Offered or Net Issue | 7,387,200 | 5,540,400 | 12,927,600 | 1,944,000 | 27,799,200 |
The shares subscribed by the public will be updated here.
Check Aditya Birla Sun Life AMC IPO LIVE Subscription
- Aditya Birla Sun Life AMC IPO LIVE Bid details on BSE
- Aditya Birla Sun Life AMC IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Aditya Birla Sun Life AMC IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Aditya Birla Sun Life AMC Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Oct 6, 2021 |
| Refunds Initiation | Oct 7, 2021 |
| Credit of Shares to Demat Account | Oct 8, 2021 |
| Share Listing Date | Oct 11, 2021 |
Aditya Birla Sun Life AMC IPO Price Band
The face value of each share is Rs.5, but the price band of the IPO is Rs 695 to Rs 712
Aditya Birla Sun Life AMC IPO Equity Size
This Initial Public Issue of Equity Shares of Rs.5 each for cash at a price of Rs 695 to Rs 712 per equity share aggregating to Rs.27,682.60 Million.
Aditya Birla Sun Life AMC IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 36,029,120 equity Shares of Rs.5 / each.
Issue Size: 38,880,000 Equity Shares of Rs.5 each, aggregating to Rs.27,682.60 Million
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Aditya Birla Sun Life AMC IPO – Live Performance
The listing date of this IPO is Oct 11, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Aditya Birla Sun Life AMC Share Price |
Aditya Birla Sun Life AMC IPO Grey Market Premium
The Aditya Birla Sun Life AMC Limited IPO Grey Market Premium price is Rs 25, the Kostak rate is Rs 0 and the Subject to Sauda is Rs 0.
Aditya Birla Sun Life AMC IPO – Company Overview
Their Company is currently set up as a joint venture between ABCL and Sun Life AMC. ABCL is the listed non-operating holding company of the financial services businesses of the Aditya Birla Group, a Fortune 500 global conglomerate.
Through its various subsidiaries, ABCL managed a total AUM of ₹3,267.42 billion, had a consolidated lending book of over ₹575.23 billion, and an active customer base of over 21 million customers, as of December 31, 2020.
Sun Life Financial Inc., the ultimate holding company of Sun Life AMC, is a leading international financial services organization providing insurance, wealth, and asset management solutions to individual and corporate clients. Sun Life Financial Inc. had a market capitalization of C$33.10 billion and a total AUM of C$1,246.55 billion, as of December 31, 2020.
Aditya Birla Sun Life AMC IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||||
| 30-June-21 | 30-June-20 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 20,858.78 | 17,054.96 | 19,845.51 | 15,719.59 | 14,984.60 |
| *Total Revenue | 3,362.45 | 2,607.47 | 12,058.41 | 12,347.68 | 14,072.50 |
| Total Expense | 1,303.56 | 1,306.30 | 5,099.53 | 5,740.39 | 7,614.83 |
| Profit After Tax | 1,549.44 | 973.51 | 5,262.80 | 4,944.02 | 4,467.99 |
Earnings per Equity Share (in Million)
| 30-June-21 | 30-June-20 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 5.38 | 3.38 | 18.27 | 17.17 | 15.51 |
Aditya Birla Sun Life AMC IPO – Promoters
The Promoter of this company is:
- ADITYA BIRLA CAPITAL LIMITED
- SUN LIFE (INDIA) AMC INVESTMENTS INC
List of Related Parties (Key Managerial Personnel)
- Kumar Mangalam Birla, Non-Executive Chairman
- Ajay Srinivasan, Non – Executive Director
- Sandeep Asthana, Non-Executive Director
- Non-Executive Director, Managing Director, and Chief Executive Officer
- Colm Freyne, Non-Executive Director
- Bobby Parikh, Independent Director
Aditya Birla Sun Life AMC IPO – Promoters Holding
- Pre Issue Share Holding – 100%
- Pos Issue Share Holding – %
Aditya Birla Sun Life AMC IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 38,880,000 Equity Shares aggregating up to Rs.27,682.60 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,944,000 Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to 36,936,000 Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than 5,540,400 Equity Shares |
| Other than Retail Individual Investors | Not more than 12,927,600 Equity Shares |
| Equity Shares outstanding prior to the Issue | 288,000,000 Equity Shares |
| Equity Shares outstanding after the Issue | 288,000,000 Equity Shares |
Aditya Birla Sun Life AMC IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges
2. To carry out the Offer for Sale of up to 38,880,000 Equity Shares by the Selling Shareholders
Aditya Birla Sun Life AMC IPO – Business Strategy
- Expanding their geographic reach, including through greater EM penetration and strengthening relationships with their distributors
- Continuing to focus on delivering sustained investment performance and portfolio differentiation
- Strengthening their employee value proposition to continue to attract and retain good quality talent
- Leveraging their technology and digital platforms to increase customer acquisition and enhance customer experience
- Further developing their investment offerings, particularly their alternative investments and passive products.
Aditya Birla Sun Life AMC IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Largest non-bank affiliated asset manager in India
- Well-recognized and trusted brand with experienced Promoters
- Rapidly growing individual investor customer base driven by strong systematic flows and B-30 penetration
- Diverse product portfolio with superior fund performance supported by research-driven investment philosophy and disciplined risk management
- Pan-India diversified distribution network
- Long-term track record of innovation in and use of technology
- Award-winning franchise led by experienced and stable management and investment teams
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 17.17 | 37.54 | 45.72 |
| 31-Mar-20 | 15.51 | 36.61 | – |
| Mar-19 | 12.10 | 30.64 | – |
Aditya Birla Sun Life AMC IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Aditya Birla Sun Life AMC Limited | 5 | [●] | 17.17 | 37.54 | 12,347.68 |
| Listed Peers | |||||
| HDFC AMC Limited | 5 | 50.02 | 59.37 | 31.33 | 21,434.30 |
| Nippon Life India Asset Management Limited | 10 | 51.48 | 6.78 | 16.01 | 11,932.10 |
| UTI AMC Limited | 10 | 26.75 | 21.41 | 9.88 | 8,899.65 |
Aditya Birla AMC IPO Lead Managers
| Lead Managers |
| Kotak Mahindra Capital Company Limited
BofA Securities India Limited Citigroup Global Markets India Private Limited Axis Capital Limited HDFC Bank Limited ICICI Securities Limited IIFL Securities Limited JM Financial Limited Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited YES Securities (India) Limited |
Aditya Birla AMC IPO Registrar to offer
| Registrar to the Offer |
| Kfin Technologies Private Limited (formerly known as Karvy Fintech Private Limited) Selenium, Tower B, Plot No. – 31 and 32 Financial District Nanakramguda, Serilingampally Hyderabad, Rangareddi 500 032 Telangana, India Tel: +91 40 6716 2222 E-mail: absl.ipo@kfintech.com Website: www.kfintech.com Investor Grievance ID: einward.ris@kfintech.com Contact Person: M Murali Krishna SEBI Registration Number: INR000000221 |
Aditya Birla AMC IPO – Other Details
- Statutory Auditor – S R Batliboi & Co. LLP
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Aditya Birla AMC IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Aditya Birla Sun Life AMC Limited IPO News
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News 2 – Aditya Birla Sun Life AMC IPO RHP Download
Aditya Birla Sun Life AMC IPO Review FAQs
What is the Issue Size of Aditya Birla AMC IPO?
The Company is making an initial public offer of 38,880,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Aditya Birla AMC IPO?
The price band for this particular IPO, i.e. Aditya Birla Sun Life AMC IPO ranges between Rs 695 to Rs 712. As far as the face value of the share is of concern, it is Rs.5 per share.
What is the Aditya Birla Capital IPO Open Date?
The opening and closing dates for Aditya Birla Sun Life AMC IPO have been updated. The IPO is set to open on Sep 29, 2021, while the closing date is set at Oct 1, 2021.
What is the Aditya Birla Capital IPO Allotment Date?
They also have the news regarding the respective allotment dates of Aditya Birla Sun Life AMC IPO. Basis of Allotment finalization is on Oct 6, 2021, refund initiation is on Oct 7, 2021, credit of shares is on Oct 8, 2021, and share listing date is on Oct 11, 2021.
What is the Aditya Birla AMC IPO Listing Date?
Shares of Aditya Birla Sun Life AMC shall be listed in the exchanges on Oct 11, 2021. The date, when the listing would be done, is stagnant on Oct 11, 2021.
Who is the Registrar of Aditya Birla AMC IPO?
One of the reputed registrars is managing the issue of Aditya Birla Sun Life AMC IPO, i.e. Kfin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Aditya Birla AMC IPO?
Here are the promoters of Aditya Birla Sun Life AMC – ADITYA BIRLA CAPITAL LIMITED AND SUN LIFE (INDIA) AMC INVESTMENTS INC. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Aditya Birla Sun Life AMC IPO?
They have obtained the GMP of Aditya Birla Sun Life AMC IPO and it is Rs 25. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Aditya Birla AMC IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Aditya Birla AMC Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 5,262.80, 2020 is 4,944.02, 2019 is 4,467.99. PAT from June 2021 is 1,549.44.
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