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

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

Aditya Birla Sun Life AMC Ltd is a joint venture between Aditya Birla Capital Ltd and Sun Life AMC. The company has assets under management (AUM) of Rs. 2.73 lakh crores as of December 31, 2020, and is the largest non-bank affiliated AMC and among the four largest AMCs in India by QAAUM.

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ABSL AMC provides a wide range of mutual funds across categories along with 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 public offering comprises an offer for sale of 3.9 crore equity shares from shareholders Aditya Birla Capital Ltd. and Sun Life AMC of which ABCL will be selling 28.5 lakh equity shares while Sun Life AMC will be selling 3.6 crore equity shares.

Aditya Birla Sun Life AMC IPO details
Subscription Dates September 2021
Price Band – Rs Per Share
Offer For Sale
Fresh issue
Total IPO size
Minimum bid (lot size) – Rs Share
Face Value 5 Rs share
Retail Allocation 35%
Listing On NSE, BSE

Aditya Birla

Category of Shareholders No. of Equity Shares % of Total Paid Up Equity Share Capital
Promoters Group (A)
Aditya Birla Capital Ltd 146,879,680 51%
Sun Life AMC 141,120,000 49%
Total (A) 287,999,680 100%

As of the financial year 2021, Aditya Birla Sun Life Insurance Company Limited achieved the following feats:

  • Recorded a gross premium income of ₹97,752 million
  • Earned a total AUM of ₹526,151 million
  • Year-on-year growth of 22% in Gross Premium
  • Individual Business FYP rose as much to ₹20,760 million
  • The active customer base increased to more than 17 lakh

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