Aditya Birla Sun Life AMC IPO Details

Aditya Birla Sun Life AMC IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

GMP

About Aditya Birla Sun Life AMC

Aditya Birla Sun Life AMC Limited is one of the largest non-bank affiliated Asset Management Company in India. The company managed total AUM of ₹2,936.42 billion under the suite of mutual fund (excluding the domestic FoFs), portfolio management services, offshore and real estate offerings, as of June 30, 2021. The company believe have achieved this leadership position through the focus on consistent investment performance, extensive distribution network, brand, experienced management team and superior customer service

ABSLAMC is primarily the investment manager of Aditya Birla Sun Life Mutual Fund, a registered trust under the Indian Trusts Act, 1882. Additionally, ABSLAMC has various other business lines such as Portfolio Management Services, Real Estate Investments and Alternative Investment Funds. The Portfolio Management Service is a highly customized service designed to seek consistent long-term results by adopting a research-based, methodical approach to investing. The Real Estate Investment Advisory (REIA) business is a platform that enables investors to access ‘Real Estate Investments’ opportunities meant for investors on a private placement basis. Lastly, ABSLAMC also acts as an investment manager to Aditya Birla Sun Life AIF Trust – I which is formed as a Trust under Category III Alternative Investment Fund (AIF). ABSLAMC has its subsidiaries in Dubai, Mauritius, and Singapore.

ABSLAMC managed 118 schemes comprising 37 equity schemes (including, among others, diversified, tax saving, hybrid, and sector schemes), 68 debt schemes (including, among others, ultra short-duration, short-duration, and fixed-maturity schemes), two liquid schemes, five ETFs, and six domestic FoFs, as of June 30, 2021

Important Details – Aditya Birla Sun Life AMC

DateDetails
September 5, 1994The company was originally incorporated as ‘Birla Capital International AMC Limited’ at Mumbai, Maharashtra as a public company
June 29, 1999The name of the company was changed from ‘Birla Capital International AMC Limited’ to ‘Birla Sun Life Asset Management Company Limited’.
July 17, 2017The name of the company was changed from ‘Birla Sun Life Asset Management Company Limited’ to ‘Aditya Birla Sun Life AMC Limited’

Objects of the Issue

  • 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 Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in million)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 19,845.51 15,719.59 14,984.60
Total income 12,058.41 12,347.68 14,072.50
Total Expenses 5,099.53 5,740.39 7,614.83
Profit After Tax 5,262.80 4,944.02 4,467.99

Aditya Birla Sun Life AMC IPO Price Details

DetailsIPO Details
Public IssueInitial Public Offer of up to 38,880,000 Eq Shares of ₹ 5
(aggregating up to ₹ 2768.26 Cr)
Issue Open  Date29-Sep-21
Issue Close Date01-Oct-21
Issue TypeBook Built 
IPO Price Band₹ 695 – ₹ 712
Face Value ₹ 5
Market Lot 20 Equity Shares and in multiples thereof
Minimum Order Quantity 20 Equity Shares
Maximum Subscription Amount
for Retail Investor
Rs. 2,00,000
Listing BSE, NSE
NSE SymbolABSLAMC
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Aditya Birla Sun Life AMC IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum120₹ 14,240
Maximum14280₹ 1,99,360

Aditya Birla Sun Life AMC IPO Lead Managers

  • Axis Capital Limited
  • BofA Securities India Limited
  • Citigroup Global Markets India Private Limited
  • HDFC Bank Limited
  • ICICI Securities Limited
  • IIFL Securities Ltd
  • JM Financial Limited
  • Kotak Mahindra Capital Company Limited
  • Motilal Oswal Investment Advisors Pvt Ltd
  • SBI Capital Markets Limited
  • Yes Securities (India) Limited

Aditya Birla Sun Life AMC Registrar

  • KFin Technologies Private Limited

Aditya Birla Sun Life AMC IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on29-Sep-21
Bid / Offer Closes on01-Oct-21
Finalisation of Basis of Allotment06-Oct-21
Initiation of refunds 07-Oct-21
Credit of the Equity Shares08-Oct-21
Commencement of trading – Listing11-Oct-21

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value Total income, for Financial Year 2021
(in ₹ million)
NAV, as on March 31, 2021
(₹ per share)
Aditya Birla Sun Life AMC Limited512,058.4159.19
HDFC Asset Management Company Limited522,017.40224.28
Nippon Life India Asset Management Limited1014,193.4050.29
UTI Asset Management Company Limited1011,986.30255.31

Company Registered and Corporate Office

One World Center, Tower 1,
17th Floor, Jupiter Mills,
Senapati Bapat Marg,
Elphinstone Road,
Mumbai, 400 013,
Maharashtra, India

Website: https://mutualfund.adityabirlacapital.com

Company Promoters

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

Aditya Birla Sun Life AMC IPO – FAQS

What is the Aditya Birla Sun Life AMC IPO Price?

The Aditya Birla Sun Life AMC IPO price band is ₹ 695 – ₹ 712 per share

When Aditya Birla Sun Life AMC IPO will open?

The ABSL AMC IPO opens on Sep 29, 2021 and closes on Oct 01, 2021

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

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

Who is the Registrar for Aditya Birla Sun Life AMC IPO?

The Registrar for Aditya Birla Sun Life AMC IPO is KFin Technologies Private Limited

How to apply in Aditya Birla Sun Life AMC IPO through UPI?

Check the step by step process here – Click here

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