Aditya Birla Sun Life AMC Limited IPO
Mainboard₹14,240 / 20 Shares
IPO Details
Aditya Birla Sun Life AMC Limited IPO IPO is priced between ₹695-712 per equity share, with a face value of ₹5 per share. The company's equity shares will be listed on the Mainboard, and KFintech Private Limited is managing the issue as the registrar.
The IPO bidding period opened on 29 Sep, 2021, and closed on 1 Oct, 2021. The allotment results will be announced on 7 Oct, 2021, with a tentative listing date set for 11 Oct, 2021.
The total issue comprises Offer for Sale: 38,880,000 Eq Shares of ₹5 , amounting to ₹2,768.26 Cr.
Aditya Birla Sun Life AMC Limited IPO IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Sep 29, 2021 - Oct 1, 2021 | 11 Oct, 2021 | ₹5 Per Equity Share | ₹695-712 per equity share | - | Shares | - | BSE, NSE |
Aditya Birla Sun Life AMC Limited IPO IPO Timeline
Issue Price
₹695-712 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
KFintech Private LimitedMarket Lot
20 Shares (₹14,240/-)Lead Manager
Axis Capital Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited, HDFC Bank Limited, ICICI Securities Limited, IIFL Securities Ltd, JM Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Pvt Ltd, SBI Capital Markets Limited, Yes Securities (India) LimitedIssue Size
Offer for Sale: 38,880,000 Eq Shares of ₹5 (aggregating up to ₹2,768.26 Cr)Retail Portion
Retail Quota : 35%Number of Retail Applications : 6,46,380Shareholder Quota : 5%Subscription
5.25 timesAditya Birla Sun Life AMC Limited IPO IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 21 | 1984.55 | 1205.84 | 526.28 | - | - | - |
| 31 Mar 20 | 1571.95 | 1234.76 | 494.40 | - | - | - |
| 31 Mar 19 | 1498.46 | 1407.25 | 446.79 | - | - | - |
All values are in ₹ Cr.
About Company
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.
The company has automated and digitized several aspects of its operations including in relation to customer onboarding, online payments and other transactions, fund management, dealing, accounting, customer service, data analytics, and other functions.
Aditya Birla Sun Life AMC Limited IPO IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 73,87,200 | 55,40,400 | 129,27,600 | 277,99,200 |
| Day 1 - 29-09-21 05:00 PM | 0.00 x | 0.13 | 1.10 x | 0.56 x |
| Day 2 - 30-09-21 05:00 PM | 0.06 x | 0.40 | 2.01 x | 1.08 x |
| Day 3 - 01-10-21 07:00 PM | 10.36 x | 4.39 | 3.24 x | 5.25 x |
2.42 times
Aditya Birla Sun Life AMC Limited IPO IPO - Issue Objectives
- 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.