Compiled in 1994, Aditya Birla Sun Life AMC was established as a joint venture between ABCL and Sun Life AMC. The company has managed a total AUM of Rs 2,736.43 Bn under joint venture (excluding local FoFs), portfolio management services, maritime supply and real estate, as of December 31, 2020.
The company has managed 135 schemes involving 35 equals, debt 93, debt 2 schemes, 5 ETFs, and 6 local FoFs as of December 31, 2020. The monthly average assets of the state-owned company (MAAUM) from institutional investors were Rs 1,412.43 Bn as of December 31, 2020, which was the fourth largest among its peers, according to CRISIL.
The company has created and standardized a number of its operations including customer transactions, online payments and other services, fund management, accounting, accounting, customer service, data analytics, and other functions.
Competitive Strengths
- Largest Non-bank Affiliated Asset management company of India.
- Well recognized and trusted brand with experienced promoters.
- Rapidly growing customer base.
- Well-Diversified product portfolio and innovative schemes
Company Promoters
Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc. are the company promoters.
Company Financials
| Particulars | For the year/period ended (₹ in millions) | |
|---|---|---|
| 31-Dec-20 | 31-Dec-19 | |
| Total Assets | 19,595.09 | 17,078.14 |
| Total Revenue | 8,736.33 | 9,571.96 |
| Profit After Tax | 3,695.43 | 3,951.99 |
Objects Of The Issue
The net proceed from the IPO will be utilized towards the following purposes;
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
- Carry out the Offer for Sale of up to 38,880,000 Equity Shares by the Selling Shareholders.
Aditya Birla Sun Life AMC IPO – Details
| IPO Opening Date | 29 September 2021 |
| IPO Closing Date | 01 October 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2768 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | 695-] To [712] Per Equity Share |
| Market Lot | 20 Shares |
| Min Order Quantity | 20 Shares |
| Listing At | BSE, NSE |
| Total Share Issue | 3,88,80,000 Equity Shares |
| Register | KFintech Private Limited |
Aditya Birla Sun Life AMC IPO – Timetable
| IPO Open Date | 29 September 2021 |
| IPO Close Date | 01 October 2021 |
| Basis of Allotment Date | 06 October 2021 |
| Initiation of Refunds | 07 October 2021 |
| Credit of Shares to Demat Account | 08 October 2021 |
| IPO Listing Date | 11 October 2021 |
Aditya Birla Sun Life AMC IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 20 | 14,240 |
| Maximum | 14 | 280 | 1,99,360 |
Company Contact Information
| Aditya Birla Sun Life AMC Limited One World Center, Tower-1, 17th Floor Jupiter Mills Compound, 841, S. B. Marg Elphinstone Road, Mumbai, 400013 Phone: +91 22 4356 8008 Email: ABSLAMC.CS@adityabirlacapital.com Website: https://mutualfund.adityabirlacapital.com |
Aditya Birla Sun Life AMC IPO Registrar
| KFintech Private Limited Phone: 04067162222, 04079611000 Email: absl.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
Aditya Birla Sun Life AMC IPO Lead Manager(s)
| 01. Axis Capital Limited 02. Bofa Securities India Limited 03. Citigroup Global Markets India Private Limited 04. HDFC Bank Limited 05. ICICI Securities Limited 06. IIFL Securities Ltd 07. JM Financial Consultants Private Limited 08. Kotak Mahindra Capital Company Limited 09. Motilal Oswal Investment Advisors Pvt Ltd 10. SBI Capital Markets Limited 11. Yes Securities (India) Limited |
Aditya Birla Sun Life AMC IPO FAQs
| When Aditya Birla Sun Life AMC IPO will open? The Aditya Birla Sun Life AMC IPO dates are 29 September 2021 To 01 October 2021. |
| What is the lot size of Aditya Birla Sun Life AMC IPO? Aditya Birla Sun Life AMC IPO lot size and the minimum order quantity is 20 Shares. |
| How to apply for Aditya Birla Sun Life AMC IPO? You can apply in Aditya Birla Sun Life AMC IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is Aditya Birla Sun Life AMC IPO listing date? The Aditya Birla Sun Life AMC IPO listing date is announced. The date of Aditya Birla Sun Life AMC IPO listing is [11 October 2021]. |
