Aditya Birla AMC IPO GMP: Share, Stock Price, GMP, Review, Details

Aditya Birla AMC IPO GMP: Share, Stock Price, GMP, Review, Details

Established in 1994, Aditya Birla Sun Life AMC Limited (ABSLAMC, formerly known as Birla Sun Life Asset Management Company Limited) is a joint venture between the Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc.

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ABSLAMC is primarily the investment manager of Aditya Birla Sun Life Mutual Fund, a registered trust under the Indian Trusts Act, 1882. Additionally, ABSLAMC has various other business lines such as Portfolio Management Services, Real Estate Investments and Alternative Investment Funds. The Portfolio Management Service is a highly customized service designed to seek consistent long-term results by adopting a research based, methodical approach to investing. The Real Estate Investment Advisory (REIA) business is a platform that enables investors to access ‘Real Estate Investments’ opportunities meant for investors on a private placement basis. Lastly, ABSLAMC also acts as an investment manager to Aditya Birla Sun Life AIF Trust – I which is formed as a Trust under Category III Alternative Investment Fund (AIF). ABSLAMC has its subsidiaries in Dubai, Mauritius and Singapore.

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Aditya Birla Sun Life AMC Ltd

YES Securities (India) Ltd

Initial public offer of up to 38,880,000 equity shares of face value of Rs. 5 each (equity shares) of Aditya Birla Sun Life AMC Limited (company) for cash at a price of Rs. [*] per equity share (offer price) aggregating up to Rs. [*] crores (The offer) through an offer for sale of up to 2,850,880 equity shares aggregating up to Rs. [*] crores by Aditya Birla Capital Limited (ABCL) and up to 36,029,120 equity shares aggregating up to Rs. [*] crores by Sun Life (India) AMC Investments INC. (Sun Life AMC together with ABCL, the selling shareholders and such equity shares offered by the selling shareholders, the Offered Shares).

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The offer includes a reservation of up to 1,944,000 equity shares, for subscription by ABCL Shareholders (as defined hereinafter) (The ABCL Shareholders reservation portion). The offer less the ABCL Shareholders reservation portion is hereinafter referred to as the net offer, aggregating up to 36,936,000 equity shares.
The offer and the net offer shall constitute 13.50% and 12.83% of the post-offer paid up equity share capital of the company, respectively.The face value of equity shares is Rs. 5 each.Price Band: Rs. 695 to Rs. 712 per equity share of face value of Rs. 5 each.The Floor Price is 139.00 times the face value of the equity shares an the Cap Price is 142.40 times the face value of the Equity Shares.

ISSUE

Opens On 29 Sep 2021

Closes On 01 Oct 2021


Price Range : Rs. 695 – 712

Minimum Investment: Rs.13900

Minimum Quantity: 20

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MONEY PAYABLE ON

Application : 1407

Allotment: 0

Post Issue Equity Share Capital (Cr.): 144

Issue Price (D): 695

Further Multiples of: 20

Dates

Offer End : 1 Oct 2021
Allotment Finalisation : 6 Oct 2021
Refund Initiation : 7 Oct 2021
Listing : 11 Oct 2021

Strengths

Largest non-bank affiliated asset manager in India

Well-recognized and trusted brand with experienced promoters

Growing individual investor customer bases

Risks

Underperformance of investment products could lead to a loss of investors

The regulatory environment in which it operates is subject to change

Unavailability of appropriate investment opportunities can impact growth

Address

One India Bulls Tower 1 17th F Jupiter Mills Comp SB Marg Elp Mumbai

Maharashtra- 400013

Phone – 91-22-4356-8008

Fax –

Email – ABSLAMC.CS@adityabirlacapital.com

Website – www.mutualfund.adityabirlacapital.com

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