|
|
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
| 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;
| 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 Size | 38,880,000 shares of ₹5 (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 |
| Company Promoters | Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc. are the company promoters. |
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 |
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 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 86.50% |
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) |
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...
Aditya Birla Sun Life AMC IPO Recommendation by Members Aditya Birla Sun Life AMC IPO Recommendations Details | Post Recommendation | Manage Recommendations
| Subscribe | Neutral | Avoid |
|---|---|---|
| 0 | 0 | 0 |
No Record Found.
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 |
| 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 |
|
|
|
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, 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.
Useful Articles
|
|
Top Contributor (300+ Posts, 200+ Likes)
IPO Guru (1400+ Posts, 700+ Likes)
IPO Mentor (700+ Posts, 300+ Likes)
