NEW DELHI: The initial public offer (IPO) of Aditya Birla Sun Life AMC will open for subscription on Wednesday. Promoters of the company seek to raise Rs 2,768 crore from the primary market.
In the grey market, shares of the company were trading at a premium of about Rs 29-31, suggesting investors may see limited gains post listing. Though, analysts believe there may be fluctuation in GMP going ahead. Here are key things to know about the issue.
- When will the Aditya Birla Sun Life AMC IPO open?
Aditya Birla Sun Life AMC IPO will open for subscription on Wednesday, September 19 and will close on Friday, October 1. - What is the price band for Aditya Birla Sun Life AMC IPO?
The price band for Aditya Birla Sun Life AMC IPO has been fixed at Rs 695-712. - What is the lot size for Aditya Birla Sun Life AMC IPO?
Investors can subscribe to the initial public offering (IPO) by betting for a lot of 20 shares or in multiples thereof. Retail investors can bid for a maximum of 14 lots. - What is the issue size of Aditya Birla Sun Life AMC IPO?
The initial share sale is entirely an offer for sale, wherein two promoters — Aditya Birla Capital and Sun Life (India) AMC Investments — will divest their stakes in the asset management firm. They plan to raise Rs 2,768 crore. - What is the quota reserved for retail investors in Aditya Birla Sun Life AMC IPO?
Half of the issue size has been reserved for qualified institutional buyers (QIBs), 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. - Is there any employee quota in Aditya Birla Sun Life AMC IPO?
No - When will the basis of allotment be out?
The finalisation of the basis of allotment is likely by October 6 and the initialisation of refunds is likely by October 7. Meanwhile, credit of shares in the demat account is likely by October 8. - On what date will Aditya Birla Sun Life AMC IPO list?
Aditya Birla Sun Life AMC listing is likely by October 11. - Where could we check Aditya Birla Sun Life AMC IPO allotment?
Those who would bid for the issue can check the subscription status on: https://ris.kfintech.com/ipostatus/ipos.aspx — the online portal of KFin Technologies, the registrar to the IPO. The registrar to an issue is a Sebi-registered entity, qualified to act as such, and which electronically processes all applications and carries out the allotment process as per the prospectus. - Who are the leading book managers to the issue?
Kotak Mahindra Capital Company, BofA Securities, Citigroup Global Markets India, Axis Capital, HDFC Bank, ICICI Securities, IIFL Securities, JM Financial, Motilal Oswal Investment Advisors , SBI Capital Markets and YES Securities (India) are the leading book managers. - What does Aditya Birla Sun Life AMC do?
Aditya Birla Sun Life AMC (ABAMC), incorporated in 1994, is a joint venture company (JVC) between Aditya Birla Capital (ABCL) and Sun Life AMC. Its total AUM stood at Rs 2,936 billion under mutual fund (excluding domestic Fund of Funds), portfolio management services, offshore and real estate offerings as of June 30, 2021. - Who are listed peers of Aditya Birla Sun Life AMC?
HDFC AMC, Nippon India and UTI AMC are some of the largest peers of the company. - Should you invest in Aditya Birla Sun Life AMC IPO?
Most analysts advise subscribing to the issue. They believe its RoE of 31 per cent in FY21 is superior to NAM and equivalent to that of HDFC AMC. Further, FCF yield at 2.4 per cent looks good. Further, sustained strong cash flow generation on the backdrop of continued rise in penetration level and improvement in equity AUM is likely to ensure healthy payout, going forward.
