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

Sep 29, 2021 - Oct 1, 2021

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 β‚Ή2,736.43 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 β‚Ή1,412.43 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

  • Largest Non-bank Affiliated Asset management company of India.
  • Well recognized and trusted brand with experienced promoters.
  • Rapidly growing customer base.
  • Well-Diversified product portfolio and innovative schemes

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (β‚Ή 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

Objects of the Issue:

The net proceed from the IPO will be utilized towards the following purposes;

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

Aditya Birla Sun Life AMC IPO Details

Aditya Birla Sun Life AMC IPO Date Sep 29, 2021 to Oct 1, 2021
Aditya Birla Sun Life AMC IPO Face Value ₹5 per share
Aditya Birla Sun Life AMC IPO Price ₹695 to ₹712 per share
Aditya Birla Sun Life AMC IPO Lot Size 20 Shares
Issue Size38,880,000 shares of ₹5
(aggregating up to ₹2,768.26 Cr)
Offer for Sale38,880,000 shares of ₹5
(aggregating up to ₹2,768.26 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc. are the company promoters.

Aditya Birla Sun Life AMC IPO Timeline (Tentative Timetable)

Aditya Birla Sun Life AMC IPO opens on Sep 29, 2021, and closes on Oct 1, 2021. The Aditya Birla Sun Life AMC IPO bid date is from Sep 29, 2021 10.00 A.M. to Oct 1, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Aditya Birla Sun Life AMC IPO Opening Date Sep 29, 2021
Aditya Birla Sun Life AMC IPO 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
Aditya Birla Sun Life AMC IPO Listing Date Oct 11, 2021

Aditya Birla Sun Life AMC IPO Lot Size

The Aditya Birla Sun Life AMC IPO lot size is 20 shares. A retail-individual investor can apply for up to 14 lots (280 shares or ₹199,360).

Application Lots Shares Amount
Minimum 1 20 ₹14,240
Maximum 14 280 ₹199,360

Aditya Birla Sun Life AMC IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 86.50%

ABCL Shareholder Quota

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.

Shareholders Category

Eligibility

Individuals and HUFs

Company Shares

Aditya Birla Capital (ABCL)

Date of holding

September 22, 2021

Basis of Allotment

Proportionate (Simillar to NII)

Aditya Birla Sun Life AMC IPO Review

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...

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Aditya Birla Sun Life AMC IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB10.36
NII4.39
Retail3.24
Others1.68
Total5.25

Aditya Birla Sun Life AMC IPO Prospectus

Aditya Birla Sun Life AMC IPO Rating

1727
4.1
Rating:Rated 4.1 stars
Vote Here ...

Aditya Birla Sun Life AMC IPO Listing Date

Listing Date Monday, October 11, 2021
BSE Script Code 543374
NSE Symbol ABSLAMC
Listing In B Group of Securities
ISIN INE404A01024
IPO Price ₹712 per share
Face Value ₹5 per share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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

Aditya Birla Sun Life AMC IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: absl.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Aditya Birla Sun Life AMC IPO Questions

  1. 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.

     

  2. 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 FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Aditya Birla Sun Life AMC IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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, Edelweiss, 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.

The Aditya Birla Sun Life AMC IPO listing date is on Monday, October 11, 2021.
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Aditya Birla Sun Life AMC IPO Message Board

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1544 Comments

506. Salil |   Link |Nov 23, 2021 11:20:09 AM
I bought this IPO but as current status of stock graph is tending low day by day. what should I do in this case should I hold or sell it off ?
505. NAYANA SAHOO |   Link |Nov 13, 2021 9:06:32 PM
price gone down,when it will recover?
504. NAND KISHOR SAINI |   Link |Oct 28, 2021 7:04:50 PM
I apply Aditya Birla Sun Life IPO 1 oct 2021 but my amount not release please suggest me

503. chotuchamp |   Link |Oct 27, 2021 11:26:09 AM
Reached 622 cum Dividend.waiting for around 550 ,to begin some input for LT.
502. Crow |   Link |Oct 27, 2021 2:08:31 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
ABSL AMC announced dividend of Rs. 5.6 per share. Chalo, kuch to accha hua.
501. mDelhi |   Link |Oct 25, 2021 4:39:22 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Accumulated more today + IPO allotment is still in portfolio
501.1. Monster Zero |   Link |Oct 25, 2021 6:40:22 PM
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
That''s the spirit....πŸ‘
500. amukho |   Link |Oct 22, 2021 3:52:37 PM
Why Nykaa IPO is not showing in the list which is opening on 28.10.21?
499. Kaybee |   Link |Oct 21, 2021 5:27:28 PM
Will go below 500 after diwali. LOST MONEY IN Aditya Birla Capital. SAME PEDIGREE.
498. sdz |   Link |Oct 21, 2021 3:51:33 PM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
Going against the flow is 95% unsuccessful πŸ₯΄πŸ˜œ
With intraday short trades could bring down my breakeven to 690, but the fall is never ending. 706 and 700 last week were last chances to exit in least loss? πŸ˜”
497. Sakshi Jain |   Link |Oct 18, 2021 12:44:48 PM
What is good to keep hold or sale shares
497.1. CoolAsh |   Link |Oct 19, 2021 7:59:23 PM
The business is evergreen, just the IPO was slightly overpriced. I herd that results for the quarter would be out by 25th Oct. Suggest you wait till then
497.2. CoolAsh |   Link |Oct 19, 2021 8:06:53 PM
*Heard
496. Monster Zero |   Link |Oct 14, 2021 7:02:57 PM
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
620 aya kya???..ya aur koi umeed hai kisiko???
Eagerly waiting to avg this one...πŸ˜‚
496.6. CoolAsh |   Link |Oct 19, 2021 8:00:50 PM
@Amit Chheda, do you expect poor results? I heard Sep quarter results are going to be out by 25th Oct.
496.7. Cyberdude |   Link |Oct 21, 2021 12:16:22 AM
Add Windlas biotech and Glenmark Life science as well to the list of poor stocks.. giving so much loss since listing πŸ€¦β€β™‚οΈ
495. A DANGAR |   Link |Oct 13, 2021 11:28:15 PM
What''s happened?
494. A DANGAR |   Link |Oct 13, 2021 11:25:21 PM
I got allotment but amount not debited in my account. What happened.
493. A DANGAR |   Link |Oct 13, 2021 11:23:05 PM
I got allotment but amount not debited in Mt account.
492. Sachin Sarda |   Link |Oct 13, 2021 10:42:44 PM
Mkt in heavily overbought zone from
14000 to 18000 in just 5 months Nifty without correction. Danger mode ahead
491. Eagleye |   Link |Oct 13, 2021 4:59:51 PM
IPO Guru IPO Guru (6300+ Posts, 21000+ Likes)
THE MOST RELIABLE
List of Mainboard IPOs IN THE PIPELINE
(Status as on 12th October 2021)


A) DRHP Filed – SEBI Approval *Overdue*: DRHP filed >2 months ago

1) Aadhar Housing Finance >>> DRHP filing date 24-Jan-21
2) Penna Cement Industries >>> DRHP filing date 14-May-21
3) UMA Converter >>> DRHP filing date 01-Jul-21
4) One 97 Communications >>> DRHP filing date 15-Jul-21
5) HP Adhesives >>> DRHP filing date 18-Jul-21
6) Anand Rathi Wealth >>> DRHP filing date 19-Jul-21
7) Star Health and Allied Insurance Co. >>> DRHP filing date 22-Jul-21
8) ESAF Small Finance Bank >>> DRHP filing date 26-Jul-21
9) PB Fintech Limited >>> DRHP filing date 02-Aug-21
10) FSN E-Commerce Ventures >>> DRHP filing date 02-Aug-21
11) Adani Wilmar >>> DRHP filing date 03-Aug-21
12) Gemini Edibles & Fats India >>> DRHP filing date 09-Aug-21
13) Keventer Agro >>> DRHP filing date 10-Aug-21
14) Tarsons Products >>> DRHP filing date 10-Aug-21
15) Sigachi Industries >>> DRHP filing date 10-Aug-21
16) Sapphire Foods India >>> DRHP filing date 11-Aug-21
17) Fusion Micro Finance >>> DRHP filing date 11-Aug-21


B) DRHP Filed – SEBI Approval *Awaited*: DRHP filed <2 months ago

18) Le Travenues Technology >>> DRHP filing date 13-Aug-21
19) Go Fashion (India) >>> DRHP filing date 13-Aug-21
20) CMS Info Systems >>> DRHP filing date 14-Aug-21
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22) Latent View Analytics >>> DRHP filing date 16-Aug-21
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32) Metro Brands >>> DRHP filing date 20-Aug-21
33) Maximus International >>> DRHP filing date 26-Aug-21
34) C.E. Info Systems >>> DRHP filing date 31-Aug-21
35) Infinion Biopharma >>> DRHP filing date 01-Sep-21
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51) Abans Holdings >>> DRHP filing date 29-Sep-21
52) Veeda Clinical Research >>> DRHP filing date 29-Sep-21
53) Global Health >>> DRHP filing date 30-Sep-21
54) PKH Ventures >>> DRHP filing date 30-Sep-21
55) BVG India >>> DRHP filing date 30-Sep-21
56) Oravel Stays >>> DRHP filing date 30-Sep-21
57) Wellness Forever Medicare >>> DRHP filing date 01-Oct-21


C) SEBI Approval *Received (<3 months)*:

1) Skanray Technologies >>> SEBI Approval 08-Oct-21
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3) SJS Enterprises >>> SEBI Approval 05-Oct-21
4) Fino Payments Bank >>> SEBI Approval 01-Oct-21
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6) Paradeep Phosphates >>> SEBI Approval 22-Sept-21
7) Northern Arc Capital >>> SEBI Approval 03-Sept-21
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9) Shri Bajrang Power and Ispat >>> SEBI Approval 26-Aug-21
10) Go Airlines (India) >>> SEBI Approval 26-Aug-21
11) Ruchi Soya Industries >>> SEBI Approval 13-Aug-21
12) Fincare Small Finance Bank >>> SEBI Approval 28-July-21
13) Supriya Lifescience >>> SEBI Approval 23-July-21


D) SEBI Approval *Received (>3 months ago)*:

14) Jana Small Finance Bank >>> SEBI Approval 09-July-21
15) Medi Assist Healthcare Services >>> SEBI Approval 22-June-21
16) Shriram Properties >>> SEBI Approval 15-June-21
17) Utkarsh Small Finance Bank >>> SEBI Approval 03-June-21
18) Arohan Financial Services >>> SEBI Approval 23-Apr-21
19) Seven Islands Shipping >>> SEBI Approval 30-Mar-21
491.1. Jainvipul |   Link |Oct 13, 2021 8:44:47 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
@eagleye
Itne sare ipo aa rahe hain konsha ipo open rakhna hain?
490. SunillllLllllllll |   Link |Oct 13, 2021 3:42:13 PM
I got allotted share but still my amount was not detected and today SBI has unblock my amount please suggest now what will be happen how they will detect my
489. CSK |   Link |Oct 13, 2021 9:35:41 AM
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Who are all Advocating go for Aditya AMC is invisible now. We consider you folks are Guru''s even shares listing not expected as you imagine, No worries. Please share your thoughts people can find the direction. People like me(Most of them) are happy to inform in the forum when we making a profit and keep mum shut we incurred a loss. I mentioned earlier, AB capital I incurred a huge loss, this group never have favourable investor relations enough they earning good Profit but share price never give meaning full return fo the shareholders. Best of luck for AMC sharesholderss join the club with me..
489.1. Cautious ipo |   Link |Oct 13, 2021 12:37:04 PM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
True
489.2. Noorul |   Link |Oct 13, 2021 1:56:15 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Earlier at a time of any initial public issue one always take a deep look into its fundamentals, peer comparison, sector progress , valuation of share price, and motive of issue... and these days things changes dramatically just close your eyes take a deep breath think about Sona comstar, angel, Uti amc , stovekraft and just go for it..
488. KAMMA SIVA RAMA KRISHNA |   Link |Oct 12, 2021 5:19:54 PM
IPO Mentor IPO Mentor (500+ Posts, 800+ Likes)
The AR of Star Cements is around 27.55% only as we feared. Of course, I have hopefully expected around 35%. OK, no problem.
488.8. KAMMA SIVA RAMA KRISHNA |   Link |Oct 13, 2021 10:49:23 AM
IPO Mentor IPO Mentor (500+ Posts, 800+ Likes)
Rahulagg ji,
By today evening, the unaccepted shares, after the buyback, will be credited to your account. So you can sell them tomorrow, on verification of the credit of the shares. If you are not in urgency, it is better to wait for some time till the mad rush of selling is over. Thank you.
488.9. rahulagg |   Link |Oct 13, 2021 10:59:52 AM
Thank you sir
487. Amit Chheda |   Link |Oct 11, 2021 9:34:09 PM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
Absl amc is sell. It will fall to 620 odd levels in near term in couple of month....sell n exit those who applied and did not learn from mistake made in Glenmark life science and car trade.....just sell n invest in meghmani organics and meghmani fairchem for decent gains.
487.4. Amit Chheda |   Link |Oct 13, 2021 10:26:28 AM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
@mvsvr even I am holding 3 lots alloted. In my view we have to wait for quarterly result. Even some brokeage house has given tgt of 800+. So I think in couple of quarter it will be 850 to 900....here patience needed, for decent profits. This will move like sbi cards.....I not sure about car trade future performance.
487.5. mvsmr |   Link |Oct 13, 2021 10:45:46 AM
@Amit, thanks for your reply with suggestion and I am also waiting to see the quarterly results. How to check the quarterly result dates?
@Monster, sure :). While applying in GLS IPO many experienced persons analyzed that it has good fundamentals and suggested to hold for some time. So holding now to get some profit. Even Nuvoco I am expecting that it may give me some profit in future. Only for Windlas I am not sure whether to book loss and exit from the allotted lot or average it as it is trading low