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 Date | Sep 29, 2021 |
| IPO Closing Date | Oct 01, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹695 - 712 per equity share |
| Market Lot | 20 Shares |
| Min Order Quantity | 20 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹2768 Cr |
| Fresh Issue | - |
| Offer for Sale | 38,880,000 Eq Shares of ₹5 (aggregating up to ₹2,768.26 Cr) |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.0x | - | - | 0.14x | 1.09x | 0.56x |
| Day 2 | 0.06x | - | - | 0.40x | 2.00x | 1.08x |
| Day 3 | 10.36x | - | - | 4.39x | 3.24x | 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 Date | Sep 29, 2021 |
| IPO Close Date | Oct 01, 2021 |
| Basis of Allotment Date | Oct 06, 2021 |
| Initiation of Refunds | Oct 07, 2021 |
| Credit of Shares to Demat Account | Oct 08, 2021 |
| IPO Listing Date | Oct 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 20 | ₹14240 |
| Maximum | 14 | 280 | ₹199360 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| 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.
