Aditya Birla Sun Life AMC IPO GMP, Allotment, Dates, Price will be discussed here. By December 31, 2020, Aditya Birla Sun Life AMC, a joint venture between ABCL and Sun Life AMC, managed $2,736.43 billion in AUM under mutual funds (excluding domestic funds of funds), portfolio management services, offshore and real estate offerings. During the year ending December 31, 2020, the firm managed 135 schemes, including 35 equity funds, 93 debt funds, two liquid funds, five exchange-traded funds, and six domestic funds. According to CRISIL, the company managed an average of 1,412.43 Bn of institutional assets as of December 31, 2020, ranking fourth among its peers.
Aditya Birla Sun Life AMC IPO
By the end of 2021, brokerage firms estimate that the company’s total assets will be around Rs 1572 crore. With a price band of Rs 695-712 per share, the company hopes to raise Rs 2768 crore. Subscribing investors can buy 20 equity shares in a lot and then in multiples of 20 after that.
This offering is a fully-offered and sold to the public. Sun Life (India) and Aditya Birla Capital will disinvest their entire stake in the company. Aditya Birla Capital holds 51% of Aditya Birla AMC, while Sun Life AMC holds 49%. Find out more about Aditya Birla AMC IPO details GMP, issue date, price band, etc.
Aditya Birla Sun Life AMC IPO Lot Size
Market lots are typically 20 shares in an IPO. A retail investor typically has the option of purchasing 14 lots (280 shares). There are a minimum and maximum of 1 and 14, corresponding to 20 and 280 shares, respectively. AMC Investors Inc. and Aditya Birla Capital Limited (aka ABCL) are the promoters of the IPO. AMC IPO Promoters hold 100% and 86.5% pre-issue and post-issue shareholding, respectively.
Aditya Birla Sun Life AMC subscription status
There is no information about the subscription status of the Aditya Birla AMC IPO shares since the shares haven’t been opened yet. If the IPO is released at BSE and NSE tomorrow, i.e., on September 29, 2021, you will obtain Aditya Birla AMC subscription status.
In addition to Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), Retail Individual Investors (RII), and Employees (EMP), we are expecting a fierce bidding war.
Aditya Birla Sun Life AMC IPO GMP
According to market analysts, on September 29, shares of Aditya Birla AMC traded at Rs 722 to Rs 747. In the unlisted market, the shares commanded a premium of about Rs 27. Gray market prices for the company have dipped since its listing. Earlier on Sunday, the company’s shares were trading at a 60 percent premium. Due to the company’s strong market presence, investors expect the dividend to rise.
An overview of Aditya Birla Sun Life AMC
ABSL AMC Limited (ABSLAMC) was formed by Aditya Birla Capital (India) AMC Investment. ABSM is the investment manager for the Aditya Birla Mutual Fund. ABSLMF’s website states that the company has total assets under management (AUM) of over Rs.2.6 lakh crore for the quarter ended March 31, 2021. According to the Association of Mutual Funds of India (AMFI), ABSLMF is one of the leading fund houses in India. It also offers various business lines such as real estate investments, portfolio management, and alternative investment funds. The company has a presence in over 280 locations.
In November 1998, Aditya Birla Capital and Sun Life (India) AMC Investment formed Aditya Birla Sun Life AMC Limited (ABSLASMC). Aditya Birla Sun Life Mutal Fund is its primary investment manager. The Association of Mutual Funds of India (AMFI) publishes the average domestic assets under management of the top fund’s houses in India as of March 31, 2021, according to ABSLMF’s website.
Aditya Birla AMC IPO Review
In 2021, the Aditya Birla AMC initial public offering will take place on September 29. In October 2021, the IPO will be closed. A total of 2,768.26 crores are on offer for sale, with a price band between 695 and ₹712. About 388.80 lakh shares are being offered. There will be a total of 28.51 lakh shares offered by Aditya Birla Capital and 362.99 lakh shares by Sun Life UK. As of this writing, public shares in Aditya Birla AMC are about 13.50 lakh.
Financial stability has been a strong point for the company. Even today, the company operates over 284 locations in India across 27 states and six union territories.
By 2020, the company will manage 135 schemes with 35 equity pieces, 93 debt pieces, and six domestic funds. To learn more, visit the official websites of the NSE, the NSE, and Aditya Birla AMC.