The Aditya Birla Sun Life AMC IPO launched from September 29, 2021, to October 1, 2021, with a total issue size of approximately ₹2,768.26 crores. This IPO offered shares in the price band of ₹695 to ₹712 per equity share, consisting of 38,880,000 equity shares and represented an Offer for Sale (OFS) from the promoters. Established in 1994, the Aditya Birla Sun Life AMC IPO is a joint venture between Aditya Birla Capital Limited and Sun Life Financial Inc. It ranks as the fourth-largest asset management company in India, with a Monthly Average Assets Under Management (MAAUM) of ₹2,736.43 billion as of December 31, 2020. If you want to learn how to analyze such opportunities or better, contact us or visit our website GRM IIT.
What is the Aditya Birla Sun Life AMC IPO?
The Aditya Birla Sun Life AMC IPO is a public offering of shares by one of India’s leading asset management companies. This IPO allows investors to purchase shares in a well-established company that has a strong track record in the financial sector.
When Did the Aditya Birla Sun Life AMC IPO Open?
- Opening Date: September 29, 2021
- Closing Date: October 1, 2021
Where Are the Shares of the Aditya Birla Sun Life AMC IPO Listed?
The shares from the Aditya Birla Sun Life AMC IPO are listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), providing ample opportunities for investors to trade and invest.
Who Initiated the Aditya Birla Sun Life AMC IPO?
The Aditya Birla Sun Life AMC IPO was initiated by Aditya Birla Sun Life AMC, a joint venture between Aditya Birla Capital Limited and Sun Life Financial Inc., a Canadian financial services company.
How Can Investors Participate in the Aditya Birla Sun Life AMC IPO?
Investors can apply for a minimum of one lot, which consists of 20 shares, and a maximum of 14 lots (280 shares). This flexibility allows a wide range of investors to participate in the Aditya Birla Sun Life AMC IPO.
Key Details of the Aditya Birla Sun Life AMC IPO
Here’s a quick summary of the key details of the Aditya Birla Sun Life AMC IPO:
| Detail | Information |
|---|---|
| Face Value | ₹5 per equity share |
| Price Band | ₹695 to ₹712 per equity share |
| Total Issue Size | ₹2,768.26 crores |
| OFS Size | Entire issue is an Offer for Sale from promoters |
| Subscription Status | Oversubscribed by 5.25 times |
Importance of the Aditya Birla Sun Life AMC IPO
The Aditya Birla Sun Life AMC IPO is significant for several reasons:
- Market Position: As one of the largest AMCs in India, it has a strong presence across various investment schemes, including equity, debt, and liquid funds.
- Growth Potential: With an extensive product portfolio comprising around 135 schemes, it caters to diverse investor needs, making the Aditya Birla Sun Life AMC IPO an attractive option.
- Financial Health: The company’s AUM reflects its stability and growth trajectory in the competitive asset management sector, further enhancing the appeal of the Aditya Birla Sun Life AMC IPO.
Latest Updates on the Aditya Birla Sun Life AMC IPO
As of October 2021, here are the latest updates regarding the Aditya Birla Sun Life AMC IPO:
- Allotment Date: October 6, 2021
- Refunds Initiated: October 7, 2021
- Shares Credited to Investor Accounts: October 8, 2021
- Listing Date on Stock Exchanges: October 11, 2021
Conclusion
For investors looking to participate in the growing asset management sector in India, the Aditya Birla Sun Life AMC IPO represents a compelling opportunity. It combines a strong market position with extensive experience and a diverse product offering.
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