Aditya Birla Sun Life AMC Ltd is a joint venture between Aditya Birla Capital Ltd and Sun Life AMC. It is the largest non-bank affiliated AMC and among the four largest AMCs in India by QAAUM. The company has assets under management (AUM) of Rs. 2.9 lakh crores as of June 30, 2021.
ABSL AMC provides a wide range of mutual funds across categories, managing 118 schemes comprising 37 equity schemes, 68 debt schemes, two liquid schemes, five ETFs, and six domestic FoFs, as of June 30, 2021. The company also offers Portfolio Management Services, Real Estate Investments, and Alternative Investment Funds and has established a diversified pan-India distribution presence covering 284 locations spread over 27 states and six union territories.
The entire public offering of ABSL AMC comprises an offer for sale of 3.8 crore equity shares from shareholders Aditya Birla Capital Ltd. and Sun Life AMC of which ABCL will be selling 28 lakh equity shares while Sun Life AMC will be selling 3.6 crore equity shares.
|Financial Year Ended||Revenue (₹ Crores)||PAT (₹ Crores)||EPS (₹)|
|Three months ended June 2020||260.75||97.35||3.38|
|Three months ended June 2021||336.25||154.94||5.36|
|Issue Period||29th September 2021 to 1st October 2021|
|Price Range||₹ 695 - 712|
|Minimum Bid Quantity||20 and in multiples thereof|
|Finalisation of Allotment||6th September 2021|
|Initiation of Refunds||7th October 2021|
|Credit of Shares||8th October 2021|
|Listing Date||11th October 2021|
|Mandate end Date||18th October 2021|
The IPO of Aditya Birla Sun Life AMC will also have reservation for shareholders of Aditya Birla Capital Ltd. Individuals and HUFs holding the shares of Aditya Birla Capital Ltd. in the demat account as of September 22, 2021 (date of the RHP filing) are eligible for applying under the shareholders category. You can check out the process for applying through the shareholders category here.
How do I apply to the Aditya Birla Sun Life AMC IPO?
You can apply for the Aditya Birla Sun Life IPO using any supported UPI app by following two steps:
Enter your bid on Console
Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Aditya Birla Sun Life AMC IPO?
You can check the allotment status for the Aditya Birla Sunlife AMC IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website. The tentative date of allotment is 6th October 2021.