Let’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 ValueRs 5
Price BandRs 695 to Rs 712
Listing AtBSE, NSE
Min. Order Quantity20 Shares
Listing DateOct 11, 2021
Offer for SaleRs 27,682.60 Million
Fresh IssueRs Million
IPO SizeRs 27,682.60 Million
Tick Size1

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

Aditya Birla Sun Life AMC IPOThey 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 / DateQIBNIIRIIOthersTotal Subscription
1st Day – 29 Sep0.00x0.14x1.09x0.31x0.56x
2nd Day – 30 Sep 0.06x0.40x2.00x0.71x1.08x
3rd Day – 1 Oct10.36x4.39x3.24x1.68x5.25x
Shares Offered or Net Issue7,387,2005,540,40012,927,6001,944,00027,799,200

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 FinalizationOct 6, 2021
Refunds InitiationOct 7, 2021
Credit of Shares to Demat AccountOct 8, 2021
Share Listing DateOct 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-2130-June-20Mar-2131-Mar-2031-Mar-19
    Total Assets20,858.7817,054.9619,845.5115,719.5914,984.60
    *Total Revenue3,362.452,607.4712,058.4112,347.6814,072.50
    Total Expense1,303.561,306.305,099.535,740.397,614.83
    Profit After Tax1,549.44973.515,262.804,944.024,467.99

    Earnings per Equity Share (in Million)

    30-June-2130-June-20Mar-2131-Mar-2031-Mar-19
    Basic & Diluted5.383.3818.2717.1715.51

     


    Aditya Birla Sun Life AMC IPO – Promoters

    The Promoter of this company is:

    1. ADITYA BIRLA CAPITAL LIMITED
    2. 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 MakersUp to 1,944,000 Equity Shares aggregating up to Rs.[●] Million
    Net Issue to the PublicUp 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 InvestorsNot more than 12,927,600 Equity Shares
     Equity Shares outstanding prior to the Issue288,000,000 Equity Shares
     Equity Shares outstanding after the Issue288,000,000 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 EPSRONW (%)NAV (Rs.)
    31-Mar-2117.1737.5445.72
    31-Mar-2015.5136.61
    Mar-1912.1030.64

    Aditya Birla Sun Life AMC IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Aditya Birla Sun Life AMC Limited5[●]17.1737.5412,347.68
    Listed Peers
    HDFC AMC Limited550.0259.3731.3321,434.30
    Nippon Life India Asset Management Limited1051.486.7816.0111,932.10
    UTI AMC Limited1026.7521.419.888,899.65

    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Aditya Birla Sun Life AMC Limited IPO News

      News 1 – Aditya Birla Sun Life AMC Limited IPO DRHP Download

      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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