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

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Aditya Birla AMC IPO Grey Market Premium: 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.

ABSL AMC Ltd – Aditya Birla Sun Life Mutual Fund – Aditya Birla Sun Life Nifty Next 50 ETF (ABSLNN50ET.NS)

NSE – NSE Real Time Price. Currency in INR

436.24 -3.62 (-0.82%)

At close: October 6 3:28PM IST
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. 712 per equity share (offer price) aggregating to Rs. 2768.26 crores (The offer) through an offer for sale of 2,850,880 equity shares aggregating to Rs. 202.98 crores by Aditya Birla Capital Limited (ABCL) and 36,029,120 equity shares aggregating to Rs. 2565.28 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).
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 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.The Offer Price is Rs. 712 per equity share of face value of Rs. 5 each.The Offer Price is 142.40 times the face value of the Equity Shares.
Aditya Birla Sun Life AMC IPO details
Subscription DatesSeptember 2021
Price Band– Rs Per Share
Offer For Sale–
Fresh issue–
Total IPO size–
Minimum bid (lot size)– Rs Share
Face Value5 Rs share
Retail Allocation35%
Listing OnNSE, BSE

Aditya Birla

Category of ShareholdersNo. of Equity Shares% of Total Paid Up Equity Share Capital
Promoters Group (A)
Aditya Birla Capital Ltd146,879,68051%
Sun Life AMC141,120,00049%
Total (A)287,999,680100%

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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