Issuer

Aditya Birla Sun Life AMC IPO

IPO Date: 29th Sep - 1st Oct 2021

Price Band

₹695 to ₹712

Issue Size

₹2,768.26 Cr

Market Lot

20 Shares

Face Value

₹5 per share

About Aditya Birla Sun Life AMC IPO

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 Strength

  • 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

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

IPO Opening Date Sep 29, 2021
IPO Closing Date Oct 1, 2021
Issue Type Book Built Issue IPO
Face Value ₹5 per equity share
IPO Price ₹695 to ₹712 per equity share
Market Lot 20 Shares
Min Orher Quantity 20 Shares
Listing At BSE, NSE
Issue Size 38,880,000 Eq Shares of ₹5 (aggregating up to ₹2,768.26 Cr)
Offer for Sale 38,880,000 Eq Shares of ₹5 (aggregating up to ₹2,768.26 Cr)

Aditya Birla Sun Life AMC IPO Tentative Timetable

The Aditya Birla Sun Life AMC IPO open date is Sep 29, 2021, and the close date is Oct 1, 2021. The issue may list on Oct 11, 2021.

IPO Open Date Sep 29, 2021
IPO Close Date Oct 1, 2021
Basis of Allotment Date Oct 6, 2021
Initiation of Refunds Oct 7, 2021
Credit of Shares to Demat Account Oct 8, 2021
IPO Listing Date Oct 11, 2021

Aditya Birla Sun Life AMC IPO FAQs

What is Aditya Birla Sun Life AMC IPO?

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 equity share. The minimum order quantity is 20 Shares.

The IPO opens on Sep 29, 2021, and closes on Oct 1, 2021.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Aditya Birla Sun Life AMC IPO will open?

The Aditya Birla Sun Life AMC IPO opens on Sep 29, 2021 and closes on Oct 1, 2021.

What is the lot size of Aditya Birla Sun Life AMC IPO?

Aditya Birla Sun Life AMC IPO lot size is 20 Shares and the minimum order quantity is 20 Shares.

How to apply for Aditya Birla Sun Life AMC IPO?

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.

When Aditya Birla Sun Life AMC IPO allotment?

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 IPO allotment status

When is Aditya Birla Sun Life AMC IPO listing date?

The Aditya Birla Sun Life AMC IPO listing date is not yet announced. The tentative date of Aditya Birla Sun Life AMC IPO listing is Oct 11, 2021.

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