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Yeh IPO kya kahta hai?
ADITYA BIRLA SUN LIFE AMC LIMITED

All that you should know about the Company before applying for the IPO.

September 28, 2021
IPo-Aditya Birla Sunlife

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.

Company Profile

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

Who are the Promoters of the Company?

Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc.

Positives about the Company

Some of the key strengths of the Company are listed below.

  • It is the largest non-bank affiliated asset manager in India
  • The Company has a diverse product portfolio with fund performance supported by research-driven investment philosophy and disciplined risk management
  • A well-recognized brand with experienced promoters – the Aditya Birla group
  • The Company has a diversified distribution network with Pan-India reach
  • The Company has a long-term track record of innovation in and use of technology
  • Experienced and stable management and investment teams

Who are its key competitors?

Give below are the listed peers of the Company –

  • HDFC Asset Management Company Limited
  • Nippon Life India Asset Management Limited
  • UTI Asset Management Company Limited

Why is the Company going public?

Given below are the objectives of the Company –

  • To carry out the Offer for Sale; and
  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges.

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 Details

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)
* at upper price band

Category Wise Availability*

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)
* at upper price band

Indicative Issue Timeline

Activity Date
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
Source: Company RHP
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