Incorporated in 1994, Aditya Birla Sun Life AMC is set up as a joint venture between ABCL and Sun Life AMC. The company managed a total AUM of ₹2,736.43 Bn under mutual fund (excluding domestic FoFs), portfolio management services, offshore and real estate offerings, as of December 31, 2020. The company managed 135 schemes comprising 35 equity, 93 debt, 2 liquid schemes, 5 ETFs, and 6 domestics FoFs as of December 31, 2020. The company’s Monthly average assets under management (MAAUM) from institutional investors was ₹1,412.43 Bn as of December 31, 2020, which was the fourth-largest among its peers, according to CRISIL.
The company has automated and digitized several aspects of its operations including in relation to customer onboarding, online payments and other transactions, fund management, dealing, accounting, customer service, data analytics, and other functions.
- 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
Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc. are the company promoters.
|Particulars||For the year/period ended (₹ in millions)|
|Profit After Tax||5,262.80||4,944.02||4,467.99|
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||Sep 29, 2021|
|IPO Closing Date||Oct 1, 2021|
|Issue Type||Book Built Issue IPO|
|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|
|Issue Size||38,880,000 Eq Shares of ₹5
(aggregating up to ₹2,768.26 Cr)
|Offer for Sale||38,880,000 Eq Shares of ₹5
(aggregating up to ₹2,768.26 Cr)
Aditya Birla Sun Life AMC IPO Tentative Timetable
The Aditya Birla Sun Life AMC IPO open date is Sep 29, 2021, and the close date is Oct 1, 2021. The issue may list on Oct 11, 2021.
|IPO Open Date||Sep 29, 2021|
|IPO Close Date||Oct 1, 2021|
|Basis of Allotment Date||Oct 6, 2021|
|Initiation of Refunds||Oct 7, 2021|
|Credit of Shares to Demat Account||Oct 8, 2021|
|IPO Listing Date||Oct 11, 2021|
Aditya Birla Sun Life AMC IPO Lot Size
The Aditya Birla Sun Life AMC IPO market lot size is 20 shares. A retail-individual investor can apply for up to 14 lots (280 shares or ₹199,360).
Aditya Birla Sun Life AMC IPO Promoter Holding
|Pre Issue Share Holding||100%|
|Post Issue Share Holding||86.50%|
ABCL Shareholder Quota
Aditya Birla Capital (ABCL) shareholders have a reservation of up to 1,944,000 equity shares in Aditya Birla Sun Life AMC IPO.
This reserved quota is for Individuals and HUFs who hold the shares of Aditya Birla Capital (ABCL) in the demat account as of September 22, 2021 (date of the RHP filing).
Individuals are eligible if they hold at least one equity share of ABCL in demat as on 22 September, 2021.
Individuals and HUFs
Aditya Birla Capital (ABCL)
Date of holding
September 22, 2021
Basis of Allotment
Proportionate (Simillar to NII)