Bookbuilding IPO | ₹2,768 Cr | Listed at BSE, NSE | Wed, Sep 29, 2021 - Fri, Oct 1, 2021
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 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹14,240 (20 shares) (based on upper price). 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 Open
Wed, Sep 29, 2021
IPO Close
Fri, Oct 1, 2021
Issue Price
₹712 per share
Market Cap (Pre-IPO)
₹20,505.60 Cr
| IPO Date | 29 Sep to 1 Oct, 2021 |
| Listed on | Mon, Oct 11, 2021 |
| Face Value | ₹5 per share |
| Price Band | ₹695 to ₹712 |
| Issue Price | ₹712 per share |
| Lot Size | 20 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,88,80,000 shares (agg. up to ₹2,768 Cr) |
| Offer for Sale | 3,88,80,000 shares of ₹5 (agg. up to ₹2,768 Cr) |
| Share Holding Pre Issue | 55,40,400 shares |
| Share Holding Post Issue | 28,80,00,000 shares |
| BSE Script Code / NSE Symbol | 543374 / ABSLAMC |
| ISIN | INE404A01024 |
Aditya Birla Sun Life AMC IPO comprises a total issue size of 3,88,80,000 shares. The net offer to the public is 3,69,36,000 shares, after excluding 19,44,000 shares under a preferential allotment. Of the Net offer 1,84,68,000 (50.00%) are allocated to QIB, 55,40,400 (15.00%) allocated to NII 1,29,27,600 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,84,68,000 | 50.00% | 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 | 15.00% | 14.25% | NA |
| Retail Shares Offered | 1,29,27,600 | 35.00% | 33.25% | 6,46,380 |
| Preferential Reservations | ||||
| Shareholders Shares Offered | 19,44,000 | 5.00% | NA | |
| Total Shares Offered | 3,88,80,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| 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 |
Aditya Birla Sun Life AMC IPO raises ₹788.95 crore from anchor investors. Aditya Birla Sun Life AMC IPO Anchor bid date is September 28, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Sep 28, 2021 |
| Shares Offered | 1,10,80,800 |
| Anchor Portion (₹ Cr.) | 788.95 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Nov 5, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jan 4, 2022 |
| 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:
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Aditya Birla Sun Life AMC IPO is subscribed 5.25 times on October 1, 2021 6:52:00 PM (Day 3). The public issue subscribed 3.24 times in the retail category, 10.36 times in the QIB category, and 4.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 10.36 | 73,87,200 | 7,65,17,980 |
| NII | 4.39 | 55,40,400 | 2,43,09,480 |
| Retail | 3.24 | 1,29,27,600 | 4,18,97,940 |
| Others | 1.68 | 19,44,000 | 32,66,440 |
| Total | 5.25 | 2,77,99,200 | 14,59,91,840 |
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) |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Global Coordinators and Book Running Lead Managers and Book Running Lead Managersfees and commissions (including any underwriting commission) | 37.84 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 7.64 |
| 3 | Fees payable to Registrar to the Offer | 0.12 |
| 4 | Regulatory filing fees, book building software fees, listing fees, etc. | 7.05 |
| 5 | Printing and stationery | 3.29 |
| 6 | Fee payable to legal counsels | 5.41 |
| 7 | Advertising and marketing | 5.56 |
| 8 | Other advisors to the Offer | 3.82 |
| 9 | Miscellaneous | 6.77 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹712.00 | ₹712.00 |
| Open | ₹712.00 | ₹715.00 |
| Low | ₹696.00 | ₹695.35 |
| High | ₹721.00 | ₹722.90 |
| Last Trade | ₹699.65 | ₹699.45 |
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 Crores. The issue is priced at ₹712 per share. The minimum order quantity is 20.
The IPO opens on Wed, Sep 29, 2021, and closes on Fri, Oct 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 Wed, Sep 29, 2021 and closes on Fri, Oct 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 Fri, Oct 8, 2021. Check the Aditya Birla Sun Life AMC IPO allotment status.
The Aditya Birla Sun Life AMC IPO listing date is on Mon, Oct 11, 2021.
