Aditya Birla Sun Life AMC IPO Subscription Status
Aditya Birla Sun Life AMC IPO subscription to start from September 29 to October 01, 2021. The Aditya Birla Sun Life AMC IPO has plans to raise Rs 2,768 crore. Aditya Birla Sun Life AMC launched IPO of over 3.88 crore equity shares which is an offer for sale by promoters Aditya Birla Capital and Sun Life AMC. Price range for the offer has been fixed at Rs 695 to Rs 712 per share.
Aditya Birla Sun Life AMC IPO Subscription Status
| Day | Date | QIB | NII | Retail | Shareholders | Total |
| Day 1 | 29-Sep-2021 17:00 | 0.00x | 0.14x | 1.09x | 0.31x | 0.56x |
| Day 2 | 30-Sep-2021 17:00 | 0.06x | 0.40x | 2.00x | 0.71x | 1.08x |
| Day 3 | 01-Oct-2021 17:00 | 10.36x | 4.39x | 3.24x | 1.68x | 5.25x |
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.
Aditya Birla Sun Life AMC IPO Price – Details
| Details | ABSL AMC IPO Details |
|---|---|
| Public Issue | Initial Public Offer of up to 38,880,000 Eq Shares of ₹ 5 (aggregating up to ₹ 2768.26 Cr) |
| Issue Open Date | 29-Sep-21 |
| Issue Close Date | 01-Oct-21 |
| Issue Type | Book 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 Symbol | ABSLAMC |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
ABSL AMC IPO Subscription Status – FAQs
How much ABSL AMC IPO subscribed on Day 1?
The Aditya Birla Sun Life AMC IPO subscribed 0.56 times on day 1
How much Aditya Birla Sun Life AMC IPO subscribed on Day 2?
The Aditya Birla Sun Life AMC IPO subscribed 1.08 times on day 2.
How much Aditya Birla Sun Life AMC IPO subscribed on Day 3?
The Aditya Birla Sun Life AMC IPO subscribed 5.25 times on day 3.
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