Aditya Birla Sun Life AMC IPO

Aditya Birla Sun Life AMC IPO Details

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Aditya Birla Sun Life AMC IPO will hit the Dalal street on 29 September 2021. the company will raise ₹2,768.26 Crores through this IPO.

Also read: IPO List 2021: a complete list of IPOs in 2021

Aditya Birla Sun Life AMC Ltd

The company is the largest non-bank affiliated Asset Management Company (AMC) in India by quarterly average assets under management (QAAUM) since 31 March 2018, and is among the four largest AMCs in India by QAAUM since 30 September 2011. The company managed total AUM of INR2,736.43 billion under its suite of mutual fund (excluding its domestic FoFs), portfolio management services, offshore and real estate offerings, as of 31 December 2020.

Aditya Birla AMC’s distribution network covers 284 locations in 27 states and six union territories. The network comprises 64,500 local KYD-compliant distributors, over 240 national distributors and over 100 banks, as of 31 December 2020. The company managed 135 schemes comprising 35 equity schemes (including, among others, diversified, tax saving, hybrid and sector schemes), 93 debt schemes (including, among others, ultra short-duration, short-duration and fixed-maturity schemes), two liquid schemes and five ETFs, as of 31 December 2020. In addition, it provides portfolio management services, offshore and real estate offerings and managed total AUM of INR116.71 billion as part of such services, as of 31 December 2020. 

Objects of the Issue

  • 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.

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

Basic details about the company

Full nameAditya Birla Sun Life AMC Limited
SectorNon Banking Finance Company
IndustryFinance and Investments

Dates to remember

IPO Open29 September 2021
IPO Close01 October 2021
Basis of Allotment06 October 2021
Refunds date07 October 2021
Credit to Demat Account08 October 2021
 Listing Date11 October 2021

IPO details

Issue typeBook Building
IPO issue size ₹2,768.26 Cr
Fresh IssueNIL
Offer for sale ₹2,768.26 Cr
Number of shares offered38,880,000 shares
Face value₹05 per equity share
Price band₹695 to ₹712 per equity share
Retail Allocation35%
Lot size20 Shares
Minimum application1 Lot-20 Shares
Maximum application14 Lots-280
Minimum application amount₹14,240
Maximum application amount₹199,360
Listing ExchangeBSE & NSE

Aditya Birla AMC’s Financial Performance (in INR crore)

Net income349.1447.9494.2527.7
Margin (%)26.431.840.042.4

Valuation of Aditya Birla Sun Life AMC (as of FY2021)

Earnings Per Share (EPS)₹18.27
Price/Earnings (PE ratio)38.04 – 38.97
Return on Net Worth (RONW)30.87%
Net Asset Value (NAV)₹59.19 per share

Company Promoters

  • Aditya Birla Capital Limited (ABCL)
  • Sun Life (India) AMC Investments Inc.

Aditya Birla Sun Life AMC IPO Lead Manager(s)

  • 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) Limited

Registrar of Aditya Birla AMC IPO

KFin Technologies Private Limited Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda, Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
 +91 40 2343 1551

Aditya Birla AMC Contact Details

Aditya Birla Sunlife AMC Limited
One World Center, Tower-1, 17th Floor, Jupiter Mills Compound, 841, S. B. Marg, Elphinstone Road, Mumbai, 400013
Phone: +91 22 4356 8008

Aditya Birla AMC IPO Allotment Status

Aditya Birla AMC IPO allotment will be available on KFin Technologies’ website.

Click on this link to get allotment status.

Final thoughts

Aditya Birla Sun Life AMC IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.

Happy Investing

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