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.
Aditya Birla Sun Life has recently, on 5 August, received its
approval from SEBI to initiate an IPO. The AMC, which was formed jointly
between Sun Life Financial of Canada and India’s Aditya Birla Group, filed the
preliminary papers back in April.
As mentioned in its official papers for IPO, Aditya Birla Sun Life
AMC will only conduct an offer for sale. Aditya Birla Sun Life will sell around
3.88 crore equity shares at face value of Rs. 5 each.
According to the DRHP, the two promoters of Aditya Birla Capital
and Sun Life (India) AMC Investments will divest their stakes.
Jointly, the promoters will sell 13.6% of their stake, where –
- Aditya Birla Capital will sell 3.6 crores shares
- Sun Life (India) will sell 28.51 lakh shares
With this IPO, the AMC is planning to raise about Rs. 3000 crores
through the sale of shares and targeting a valuation of about Rs. 24,000
crores.
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
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 |
|
Offer for Sale |
38,880,000 Eq Shares
of ₹5 |
Aditya Birla Sun Life AMC IPO Tentative Timetable
|
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 |
Know the Reasons Why Aditya
Birla Sun Life Can be a Good Investment Option
Aditya Birla Sun Life is one of the leading asset management
companies in this country. As per their quarterly report, as of June 2021, the
company has an AUM (asset under management) of Rs. 2.75 lakh crore.
The diversified service portfolio and a variety of mutual fund
options make this AMC a popular choice among Indian investors.
The company has also recorded a net profit of Rs. 206 crores,
accounting for a growth of 58%, in the quarter ended in June 2021
No comments:
Post a Comment