Introduction to Aditya Birla AMC IPO Date Expected Price, GMP, subscription status, Allotment Date, and other key details: It has been announced that Aditya Birla AMC IPO is yet to open today, i.e., on September 29, 2021, and closes on October 1, 2021. The Aditya Birla Sun Life AMC was initially set up in 1994 as a joint venture by two prestigious industries, ABCL and Sun Life AMC. The Aditya Birla AMC operates in various operations such as meaning customer onboarding, online payments, fund management, data analytics, transactions, etc.
The company has reaped a huge customer base for over several years and is recognized as India’s largest Non-bank Affiliated Asset Management Company. The total Aditya Birla AMC IPO issue is about 3.88 crore equity shares. In which, the investors can avail of huge sale offers for up to 28.51 lakh and 3.6 crore equity shares by the Aditya Birla Capital and Sun Life AMC. The Aditya Birla AMC IPO expected price is around ₹695 t ₹712 against ₹2,68 crore initial share-sales.
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Aditya Birla AMC IPO Details
| Company | Aditya Birla Sun Life AMC |
| Aditya Birla AMC IPO Dates | Open Date: September 29, 2021 Close Date: October 1, 2021 |
| Type of Issue | Book Built Issue IPO |
| Face Value | 5 INR/Equity Share |
| Aditya Birla AMC IPO Expected Price | 695 INR to 712 INR on each equity share |
| Market Lot | 20 shares |
| Listing at | BSE and NSE |
| Issue Size | 3.888 Crore equity share per 5 INR |
Aditya Birla AMC IPO Timetable:
| Allotment Date | October 6, 2021 |
| Initiation of Refunds | October 7, 2021 |
| IPO Shares to Demat Account | October 8, 2021 |
| IPO Listing Date | October 11, 2021 |
Aditya Birla AMC IPO Lot Size
The IPO market lot size is around 20 shares. In general, retail investors can avail of up to 14 lots(280 shares). The Minimum and maximum number of lots are 1 and 14, with shares 20 and 280 respectively. The promoters of Aditya Birla AMC IPO are Aditya Birla Capital Limited(aka ABCL) and Sun Life AMC Investors Inc. The pre-issue and post-issue shareholding of Aditya Birla Sun Life AMC IPO Promoters is 100% and 86.50%.
| Minimum and Maximum lots | 1 and 14 |
| Minimum and Maximum shares | 20 and 280 |
| Minimum and Maximum cut-off | 14,240 INR and 199,360 INR |
| Pre-issue shareholding of Aditya Birla Sun Life AMC | 100% |
| Post-issue shareholding of Aditya Birla Sun Life AMC | 86.50% |
Aditya Birla AMC IPO Subscription Status
Since the Aditya Birla AMC IPO shares aren’t opened yet, there is no information about the subscription status. However, you can avail yourself of Aditya Birla AMC IPO subscription status from tomorrow, i.e., on September 29, 2021, as soon as the IPO releases at BSE and NSE. It’s known that there’s expected to be a tough bidding war for the IPO shares among Qualified Institutional Buyers(QIB), Non-Institutional Investors(NII), Retail Individual Investors(RII), Employee(EMP), and other investors.
Aditya Birla AMC IPO Allotment Status
Aditya Birla AMC IPO GMP (Grey Market Premium)
The Aditya Birla AMC IPO GMP was ₹45 at the unlisted market. The shares were widely traded at this price in the unlisted market. Half of the Aditya Birla AMC IPO issue size is merely reserved for the QIBs. At the same time, the remaining 35% and 15% are for RIIs and NIIs.
Aditya Birla AMC IPO Review
The Aditya Birla AMC IPO is going to open tomorrow, i.e., on September 29, 2021. It’s announced that the IPO will be closed soon, on October 1, 2021. The IPO has an offer for sale of ₹2,768.26 crores with a price band of ₹695 to ₹712. The total issue size is around 388.80 lakh shares. In which, Aditya Birla Capital and Sun Life UK will offer 28.51 lakh shares and 360.29 lakh shares, respectively. Meanwhile, the public holds nearly 13.50 lakh shares of Aditya Birla AMC.
The company has a good track record with strong financial stability. The company is even highly diversified and established over 284 locations across 27 states and six union territories of India. The company is also well-known for managing 135 schemes that have 35 equities, 93 debts, six domestic FoFs, and two liquid schemes(by 2020). For more information, you can check out the NSE, NSE, and Aditya Birla AMC official websites.