Aditya Birla Sun Life AMC Limited
IPO Details
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Aditya Birla Sun Life AMC Limited's has transitioned to a publicly listed entity following its IPO debut on Oct 11, 2021 at the NSE, BSE exchange. The public offering successfully raised 3,88,80,000 Shares, consisting of TBDin new capital and ₹2768.26 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹695 to ₹712 and minimum application size of 20 shares. Market reception was evidenced through subscription activity between Sep 29, 2021 and Oct 01, 2021, reflecting investor appetite for the offering.
Allotment of shares was completed on Oct 06, 2021, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1994, Aditya Birla Sun Life AMC is a joint venture between ABCL and Sun Life AMC and manages a large portfolio across mutual funds, portfolio management services, offshore, and real estate offerings. As of December 31, 2020, the company managed assets worth ₹2,736.43 billion across 135 schemes, including equity, debt, liquid funds, ETFs, and domestic funds of funds, and had one of the largest institutional investor asset bases in the industry. The company has also extensively digitized its operations, covering areas such as customer onboarding, online transactions, fund management, accounting, customer service, and data analytics to improve efficiency and service quality.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading Asset Manager: India’s largest non-bank affiliated asset management company.
- Trusted Brand: Well-recognized name backed by experienced promoters.
- Growing Customer Base: Rapid expansion in number of investors.
- Diversified Products: Offers a wide range of innovative schemes.
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