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Aditya Birla Sun Life AMC Limited IPO Detail

Aditya Birla Sun Life AMC Limited IPO Detail

Incorporated in 1994, Aditya Birla Sun Life AMC is set up as a joint venture between ABCL and Sun Life AMC. The company managed a total AUM of ₹2,736.43 Bn under mutual fund (excluding domestic FoFs), portfolio management services, offshore and real estate offerings, as of December 31, 2020. The company managed 135 schemes comprising 35 equity, 93 debt, 2 liquid schemes, 5 ETFs, and 6 domestics FoFs as of December 31, 2020. The company’s Monthly average assets under management (MAAUM) from institutional investors was ₹1,412.43 Bn as of December 31, 2020, which was the fourth-largest among its peers, according to CRISIL.

The company has automated and digitized several aspects of its operations including in relation to customer onboarding, online payments and other transactions, fund management, dealing, accounting, customer service, data analytics, and other functions.

Competitive strengths

  • Largest Non-bank Affiliated Asset management company of India.
  • Well recognized and trusted brand with experienced promoters.
  • Rapidly growing customer base.
  • Well-Diversified product portfolio and innovative schemes

Company Promoters

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

IPO Details

IPO Opening DateSep 29, 2021
IPO Closing DateOct 01, 2021
Issue TypeBook Built Issue IPO
Face Value₹5 per equity share
IPO Price ₹695 - 712 per equity share
Market Lot20 Shares
Min Order Quantity20 Shares
Listing AtBSE, NSE
Issue Size₹2768 Cr
Fresh Issue-
Offer for Sale38,880,000 Eq Shares of ₹5 (aggregating up to ₹2,768.26 Cr)
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.0x 0.14x 1.09x 0.32x - 0.56x
Day 2 0.06x 0.40x 2.00x 0.71x - 1.08x
Day 3 10.36x 4.39x 3.24x 1.68x - 5.25x

IPO Tentative Timetable

The Aditya Birla Sun Life AMC Limited IPO open date is Sep 29, 2021, and the close date is Oct 01, 2021. The issue may list on Oct 11, 2021.

IPO Open DateSep 29, 2021
IPO Close DateOct 01, 2021
Basis of Allotment DateOct 06, 2021
Initiation of RefundsOct 07, 2021
Credit of Shares to Demat AccountOct 08, 2021
IPO Listing DateOct 11, 2021

IPO Lot Size

The Aditya Birla Sun Life AMC Limited IPO market lot size is 20 shares. A retail-individual investor can apply for up to 14 lots (280 shares or ₹199360).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-20 1,959.5 873.63 369.54
31-Mar-19 1,707.81 957.2 395.2

Objects of the Issue:

The net proceed from the IPO will be utilized towards the following purposes;

  • 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.