All that you should know about the Company before applying for the IPO.
The public issue of equity shares of Aditya Birla Sun Life AMC Limited will open for subscription on September 29, 2021 and closes on October 01, 2021. It is expected to list on the stock exchanges on October 11, 2021. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Incorporated in 1994, the Company is amongst the top Asset Management Companies in India. It is a joint venture between Aditya Birla Capital Limited and Sun Life AMC. The Company is ranked as the largest non-bank affiliated AMC in India and among the 4 largest AMCs in India (by quarterly average Asset Under Management)^. The Company manages a total AUM of about ₹ 2.94 trillion under a suite of mutual funds (excluding it’s domestic FOFs), PMS, offshore, and real estate offerings*. The Company manages 118 mutual fund schemes comprising 37 equity schemes, 68 debt schemes, 2 liquid schemes, 5 ETFs, and 6 domestic Fund of Funds*.
The Company caters to a wide range of customers from individuals to institutions through its pan-India network. It has a geographically diversified pan-India distribution presence covering 284 locations spread over 27 states and 6 union territories. Its distribution network is extensive and multi-channeled with a significant physical as well as a digital presence and includes more than 66,000 KYD-compliant mutual fund distributors, over 240 national distributors, and over 100 banks/financial intermediaries*.
^ as per CRISIL Report | * as of 30-Jun-2021
Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc.
Some of the key strengths of the Company are listed below.
Give below are the listed peers of the Company –
Given below are the objectives of the Company –
The Offer is a 100% Offer for Sale issue. The Company will not receive any proceeds from the Offer for Sale and all proceeds from the Offer will go to the Selling Shareholders.
|IPO Size||₹ 2768.26 Crore*|
|Offer Mix||100% Offer For Sale|
|Price Band||₹ 695 - ₹ 712|
|Lot Size||20 Shares (& in multiples thereof)|
|Face Value||₹ 5|
|Application Amount||Min. ₹ 14,240 (1 lot) | Max. ₹ 1,99,360 (14 lots)
[at upper price band]
|Listing on||NSE & BSE|
|Registrar||KFin Technologies Private Limited|
|Cut-off time for UPI Mandate Confirmation||04-Oct-2021 (up to 12:00 PM)|
|QIB|| ₹ 1314.92 Crore
(50% of Net Issue Size)
|NIB||₹ 394.48 Crore
(15% of Net Issue Size)
|Retail||₹ 920.45 Crore
(35% of Net Issue Size)
|ABCL Shareholders Reservation Portion||₹ 138.41 Crore
(19,44,000 Equity Shares)
|IPO Opens||September 29, 2021|
|IPO Closes||October 01, 2021|
|Finalization of the basis of allotment||October 06, 2021|
|Unblocking of funds / Initiation of refunds||October 07, 2021|
|Credit of equity shares to Demat accounts||October 08, 2021|
|Listing of equity shares||October 11, 2021|
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