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.
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 |
| 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% | |
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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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