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Aditya Birla Sun Life AMC IPO is a book build issue of ₹2,768.26 crores. The issue is entirely an offer for sale of 3.89 crore shares of ₹2,768.26 crore.
Aditya Birla Sun Life AMC IPO bidding started from Sep 29, 2021 and ended on Oct 1, 2021. The allotment for Aditya Birla Sun Life AMC IPO was finalized on Oct 6, 2021. The shares got listed on BSE, NSE on Oct 11, 2021.
Aditya Birla Sun Life AMC IPO price band is set at ₹712.00 per share . The lot size for an application is 20. The minimum amount of investment required by an retail is ₹13,900 (20 shares). The lot size investment for sNII is 15 lots (300 shares), amounting to ₹2,13,600, and for bNII, it is 71 lots (1,420 shares), amounting to ₹10,11,040.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Aditya Birla Sun Life AMC IPO RHP for detailed Information.
| IPO Date | September 29, 2021 to October 1, 2021 |
| Listing Date | October 11, 2021 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹695 to ₹712 per share |
| Issue Price Final | ₹712 per share |
| Lot Size | 20 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 3,88,80,000 shares (aggregating up to ₹2,768.26 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 55,40,400 shares |
| Share Holding Post Issue | 28,80,00,000 shares |
Aditya Birla Sun Life AMC IPO offers total 3,88,80,000 shares. Out of which 1,84,68,000 (47.50%) allocated to QIB, 73,87,200 (19.00%) allocated to QIB, 55,40,400 (14.25%) allocated to NII, 1,29,27,600 (33.25%) allocated to RII and 1,10,80,800 (28.50%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,84,68,000 (47.50%) | NA |
| − Anchor Investor Shares Offered | 1,10,80,800 (28.50%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 73,87,200 (19.00%) | NA |
| NII (HNI) Shares Offered | 55,40,400 (14.25%) | NA |
| Retail Shares Offered | 1,29,27,600 (33.25%) | 6,46,380 |
| Shareholders Shares Offered | 19,44,000 (5.00%) | NA |
| Total Shares Offered | 3,88,80,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only shareholder | Up to Rs 2 Lakhs | Yes |
| Shareholder + RII/NII |
|
Yes for shareholder/RII |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
Aditya Birla Sun Life AMC IPO opens on September 29, 2021, and closes on October 1, 2021.
| IPO Open Date | Wed, Sep 29, 2021 |
| IPO Close Date | Fri, Oct 1, 2021 |
| Tentative Allotment | Wed, Oct 6, 2021 |
| Initiation of Refunds | Thu, Oct 7, 2021 |
| Credit of Shares to Demat | Fri, Oct 8, 2021 |
| Tentative Listing Date | Mon, Oct 11, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 1, 2021 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,240 |
| Retail (Max) | 14 | 280 | ₹1,99,360 |
| S-HNI (Min) | 15 | 300 | ₹2,13,600 |
| S-HNI (Max) | 70 | 1,400 | ₹9,96,800 |
| B-HNI (Min) | 71 | 1,420 | ₹10,11,040 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 19,845.51 | 15,719.59 | 14,984.60 | ||
| Total Revenue | 12,058.41 | 12,347.68 | 14,072.50 | ||
| Profit After Tax | 5,262.80 | 4,944.02 | 4,467.99 | ||
The Company Aditya Birla Sun Life AMC IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Achieve the benefits of listing the Equity Shares on the Stock Exchanges | |
| 2 | Carry out the Offer for Sale of 38,880,000Equity Shares by the Selling Shareholders |
[Dilip Davda] This offer was eagerly awaited by investors across the board. Though it has been posting the growth for bottom lines, based on financial parameters, the issue is fully priced. With the rising investments in stock markets and increasing numbers of Demat accounts, this company is poised for bright prospects ahead. Investors may park fund in this issue with a long term perspective. Read detail review...
Aditya Birla Capital (ABCL) shareholders have a reservation of up to 1,944,000 equity shares in Aditya Birla Sun Life AMC IPO.
This reserved quota is for Individuals and HUFs who hold the shares of Aditya Birla Capital (ABCL) in the demat account as of September 22, 2021 (date of the RHP filing).
Individuals are eligible if they hold at least one equity share of ABCL in demat as on 22 September, 2021.
|
Eligibility |
Individuals and HUFs |
|
Company Shares |
Aditya Birla Capital (ABCL) |
|
Date of holding |
September 22, 2021 |
|
Basis of Allotment |
Proportionate (Simillar to NII) |
| Listing Date | October 11, 2021 |
| BSE Script Code | 543374 |
| NSE Symbol | ABSLAMC |
| ISIN | INE404A01024 |
| Final Issue Price | ₹712 per share |
| BSE Listing Group | B |
Aditya Birla Sun Life AMC Ltd.
One World Center, Tower-1, 17th Floor
Jupiter Mills Compound, 841, S. B. Marg
Elphinstone Road, Mumbai, 400013
Mumbai, Maharashtra
Phone: +91 22 4356 8008
Email: ABSLAMC.CS@adityabirlacapital.com
Website: https://mutualfund.adityabirlacapital.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: absl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Lead Manager Reports
Any Individuals and HUFs holding shares of Aditya Birla Capital (ABCL) in the demat account as of September 22, 2021 (date of the RHP filing) are eligible for applying under shareholders quota in Aditya Birla Sun Life AMC Ltd IPO.
The ABCL shareholders can apply for an amount maximum up to the reserved portion for the shareholder's category.
ABCL shareholders are eligible to apply in both categories - Retail (up to Rs 2 lakhs), Shareholder (up to Rs 2 lakhs).
Aditya Birla Sun Life AMC IPO is a main-board IPO of 3,88,80,000 equity shares of the face value of ₹5 aggregating up to ₹2,768.26 Crores. The issue is priced at ₹712 per share. The minimum order quantity is 20.
The IPO opens on September 29, 2021, and closes on October 1, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Aditya Birla Sun Life AMC IPO using UPI as a payment gateway. Zerodha customers can apply in Aditya Birla Sun Life AMC IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aditya Birla Sun Life AMC IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aditya Birla Sun Life AMC IPO opens on September 29, 2021 and closes on October 1, 2021.
Aditya Birla Sun Life AMC IPO lot size is 20, and the minimum amount required for application is ₹14,240.
You can apply in Aditya Birla Sun Life AMC IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aditya Birla Sun Life AMC IPO will be done on Wednesday, October 6, 2021, and the allotted shares will be credited to your demat account by Friday, October 8, 2021. Check the Aditya Birla Sun Life AMC IPO allotment status.
The Aditya Birla Sun Life AMC IPO listing date is on Monday, October 11, 2021.
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