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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.
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.
Competitive strengths
| IPO Date | Sep 29, 2021 to Oct 1, 2021 |
| Listing Date | Oct 11, 2021 |
| Face Value | ₹5 per share |
| Price | ₹695 to ₹712 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 38,880,000 shares (aggregating up to ₹2,768.26 Cr) |
| Offer for Sale | 38,880,000 shares of ₹5 (aggregating up to ₹2,768.26 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 18,468,000 (47.50%) |
| NII (HNI) Shares Offered | 5,540,400 (14.25%) |
| Retail Shares Offered | 12,927,600 (33.25%) |
| Total Shares Offered | 38,880,000 |
Aditya Birla Sun Life AMC IPO opens on Sep 29, 2021, and closes on Oct 1, 2021.
| Event | Tentative Date |
|---|---|
| Opening Date | Sep 29, 2021 |
| Closing Date | Oct 1, 2021 |
| Basis of Allotment | Oct 6, 2021 |
| Initiation of Refunds | Oct 7, 2021 |
| Credit of Shares to Demat | Oct 8, 2021 |
| Listing Date | Oct 11, 2021 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Aditya Birla Sun Life AMC IPO lot size is 20 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,240 |
| Retail (Max) | 14 | 280 | ₹199,360 |
| Lot Size Calculator | |||
Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc. are the company promoters.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 86.50% |
| Particulars | For the year/period ended (₹ in millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 19,845.51 | 15,719.59 | 14,984.60 | ||
| Total Revenue | 12,058.41 | 12,347.68 | 14,072.50 | ||
| Profit After Tax | 5,262.80 | 4,944.02 | 4,467.99 | ||
The net proceed from the IPO will be utilized towards the following purposes;
[Dilip Davda] This offer was eagerly awaited by investors across the board. Though it has been posting the growth for bottom lines, based on financial parameters, the issue is fully priced. With the rising investments in stock markets and increasing numbers of Demat accounts, this company is poised for bright prospects ahead. Investors may park fund in this issue with a long term perspective. Read detail review...
The Aditya Birla Sun Life AMC IPO is subscribed 5.25 times on Oct 1, 2021 6:52:00 PM. The public issue subscribed 3.24 times in the retail category, 10.36 times in the QIB category, and 4.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 10.36 |
| NII | 4.39 |
| Retail | 3.24 |
| Others | 1.68 |
| Total | 5.25 |
Aditya Birla Capital (ABCL) shareholders have a reservation of up to 1,944,000 equity shares in Aditya Birla Sun Life AMC IPO.
This reserved quota is for Individuals and HUFs who hold the shares of Aditya Birla Capital (ABCL) in the demat account as of September 22, 2021 (date of the RHP filing).
Individuals are eligible if they hold at least one equity share of ABCL in demat as on 22 September, 2021.
|
Eligibility |
Individuals and HUFs |
|
Company Shares |
Aditya Birla Capital (ABCL) |
|
Date of holding |
September 22, 2021 |
|
Basis of Allotment |
Proportionate (Simillar to NII) |
| Listing Date | Oct 11, 2021 |
| BSE Script Code | 543374 |
| NSE Symbol | ABSLAMC |
| ISIN | INE404A01024 |
| Final Issue Price | ₹712 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹712.00 |
| ₹712.00 |
| ₹696.00 |
| ₹721.00 |
| ₹699.65 |
| NSE |
|---|
| ₹712.00 |
| ₹715.00 |
| ₹695.35 |
| ₹722.90 |
| ₹699.45 |
Aditya Birla Sun Life AMC Ltd
One World Center, Tower-1, 17th Floor
Jupiter Mills Compound, 841, S. B. Marg
Elphinstone Road, Mumbai, 400013
Phone: +91 22 4356 8008
Email: ABSLAMC.CS@adityabirlacapital.com
Website: https://mutualfund.adityabirlacapital.com
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: absl.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Lead Manager Reports
Any Individuals and HUFs holding shares of Aditya Birla Capital (ABCL) in the demat account as of September 22, 2021 (date of the RHP filing) are eligible for applying under shareholders quota in Aditya Birla Sun Life AMC Ltd IPO.
The ABCL shareholders can apply for an amount maximum up to the reserved portion for the shareholder's category.
ABCL shareholders are eligible to apply in both categories - Retail (up to Rs 2 lakhs), Shareholder (up to Rs 2 lakhs).
Aditya Birla Sun Life AMC IPO is a main-board IPO of 38,880,000 equity shares of the face value of ₹5 aggregating up to ₹2,768.26 Crores. The issue is priced at ₹695 to ₹712 per share. The minimum order quantity is 20 Shares.
The IPO opens on Sep 29, 2021, and closes on Oct 1, 2021.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Aditya Birla Sun Life AMC IPO using UPI as a payment gateway. Zerodha customers can apply in Aditya Birla Sun Life AMC IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aditya Birla Sun Life AMC IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aditya Birla Sun Life AMC IPO opens on Sep 29, 2021 and closes on Oct 1, 2021.
Aditya Birla Sun Life AMC IPO lot size is 20 Shares and the minimum order quantity is .
You can apply in Aditya Birla Sun Life AMC IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Aditya Birla Sun Life AMC IPO will be done on Oct 6, 2021, and the allotted shares will be credited to your demat account by Oct 8, 2021. Check the Aditya Birla Sun Life AMC IPO allotment status.
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